M&A Deal Summary |
|
|---|---|
| Date | 2023-09-22 |
| Target | Cambridge Trust |
| Sector | Financial Services |
| Buyer(s) | Eastern Bank |
| Deal Type | Merger |
| Deal Value | 528M USD |
| Advisor(s) | BofA Securities (Financial) Hogan Lovells (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1818 |
| Sector | Financial Services |
| Employees | 1,998 |
| Revenue | 732M USD (2024) |
Eastern Bank is combined prudent management with well-timed acquisitions to evolve from a modest savings bank to a full-service commercial bank to meet financial needs. With $11 billion in assets and more than 110 locations in eastern Massachusetts and southern and coastal New Hampshire, the company delivers custom-tailored financial solutions in a convenient way. Eastern Bank was incorporated in 1818 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Financial Services M&A | 1 of 2 |
| Type: Merger M&A Deals | 1 of 2 |
| State: Massachusetts M&A | 1 of 2 |
| Country: United States M&A | 1 of 2 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-24 |
HarborOne Bank
Brockton, Massachusetts, United States HarborOne Bank provides consumer, small business, and commercial banking services, including checking and savings accounts, loans, mortgages, and online banking tools. The Bank also offers financial education programs and operates a mortgage division serving customers throughout New England. HarborOne Bank was founded in 1917 and is headquartered in Brockton, Massachusetts. |
Buy | - |
