Loan and Money Eastern Banking Company

Eastern Bank is the largest independent, mutually owned bank in New England and the largest community bank in MassachusettsWith 82 branches, Eastern has a 2.83% market share in Massachusetts as of 2009. Founded in 1818 and originally based in Salem and then Lynn, Massachusetts, the company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Boston's Financial District.

Persistently growing its foot shaped impression in the locale, Eastern bought Wareham's Plymouth Savings Bank in May 2005 and Sharon Co-agent Bank in May 2007. Eastern Bank reported in March 2008 its expectation to purchase Reading-based MassBank Corp. for $170 million Eastern's third obtaining in the previous four years, it multiplied its stores in Middlesex County to more than $1.4 billion, earning a 4% piece of the overall industry in the county.In late June 2010, it was declared that Eastern Bank was the triumphant bidder to secure autonomous Massachusetts bank Wainwright and its 12 branches situated in Boston and the encompassing groups. The bank, "known for its social activism and loaning to not-for-profit associations", was obtained for $163 million or $19 an offer; twofold its $9.62 shutting stock cost before the declaration.