Eastern Bank, Massachusetts’ largest community bank and a New England Council member, now has a presence in New Hampshire. The bank opened its first six branches in the Granite State after acquiring Centrix Bank and Trust.
The bank acquired 10,000 customers from Centrix, and converted all accounts this weekend. Eastern Bank has become a successful New England institution, offering a range of lending, cash management, international banking, wealth management and, through its subsidiary Eastern Insurance, business insurance and employee benefits services. The southern New Hampshire region appealed to Eastern for expansion since the region successfully weathered the recent recession well and its economy has grown. With this acquisition, Eastern grows into a $9.5 billion bank with 102 branches and 149 ATMs in Massachusetts and New Hampshire.
“It’s a pleasure to welcome our new customers to Eastern Bank,” said Richard E. Holbrook, Chairman and CEO of Eastern Bank. “They have immediately gained access to an expanded network of branches, ATMs, and new products and services… Most importantly, they have gained a permanent financial and philanthropic partner in the community,” Holbrook added.
In October, for the fifth consecutive year, Eastern Bank ranked as the No. 1 U.S. Small Business Administration (SBA) lender in New England. It also ranked No. 1 in Massachusetts for the sixth straight year, making more small business loans than the four largest banks in Massachusetts combined. The New England Council congratulates Eastern Bank on its recent expansion and applauds its continued growth and success.