Eastern Bankshares, Inc. Announces Net Loans Charged-Offs for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 06:08 am EST
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Eastern Bankshares, Inc. announced net loans charged-offs for the fourth quarter ended December 31, 2020. For the quarter, the company reported total net loans charged-offs of $3,301,000 compared to $2,525,000 a year ago.
Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). The Bank is a Boston-based local bank and the bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Through the Bank, it provides a variety of banking and trust and investment services. Its banking business offers a range of commercial, retail, wealth management and banking services, and consists primarily of attracting deposits from the general public, including municipalities, and investing those deposits, together with borrowings and funds generated from operations, to originate loans in a variety of sectors and to invest in securities. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes, including through its Cambridge Trust Wealth Management and Private Banking divisions.
EASTERN BANKSHARES, INC. 
