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1 day ago · Eastern has issued approximately 39.2 million shares of its common stock as part of the Merger consideration. As previously announced and upon closing of the Merger, Denis Sheahan, Chairman, President and CEO of Cambridge, has become Chief Executive Officer of Eastern and Eastern Bank, and has joined Eastern’s Boards of Directors.
1 day ago · Eastern Bankshares, Inc. Announces Successful Merger With Cambridge Bancorp, And Names David Rosato New Chief Financial Officer Eastern Bank Surpasses $25 Billion In Assets
1 day ago · BOSTON, July 15, 2024--Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge ...
1 day ago · Eastern Bank Surpasses $25 Billion In Assets . Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company (the “Merger”).
1 day ago · The merger between Eastern Bankshares, Inc. and Cambridge Bancorp is noteworthy from a financial perspective. The all-stock transaction consolidates Eastern Bank’s position in the Greater Boston area by creating a sizable financial entity with $25 billion in assets. Such mergers can lead to greater operational efficiencies and expanded ...
Jun 20, 2024 · Bank trade groups and backers of financial regulation urged the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency to bring their closely watched merger review proposals into alignment.
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1 day ago · That merger created the now-recognizable U.S. Bancorp but the mergers do not end there. A final takeover by Firstar, another bank with a long history of mergers, resulted in the bank being traded on the New York Stock Exchange today.
