Full-Time

Branch Manager

Eastern Bank

Eastern Bank

1,001-5,000 employees

Corporate banking with cash management.

Compensation Overview

$59.6k - $95.8k/yr

Peabody, MA, USA

In Person

On-site at Salem, Massachusetts branch.

Category
Retail (1)
Required Skills
Sales
Management
Customer Service

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Requirements
  • Basic business acumen and professionalism is a must.
  • Strong written and verbal communication skills are critical.
  • Ability to build relationships and strong alliances across the organization.
  • Must be flexible with ability to adapt to change.
  • Ability to quickly learn all there is to know about the products and services offered by the bank.
  • Must retain and build upon product knowledge base as a member of the division’s management team.
  • Should understand the “big picture” in banking – i.e., answers to questions like: How does a bank make money What makes a product profitable
  • Bachelor’s degree preferred, or equivalent combination of training and/ or experience.
  • 2-3 years of management experience and proven leadership capabilitities required, preferably in a retail banking environment.
  • Must have a history of solid sales, service, and management successes.
Responsibilities
  • Responsible for the overall management of a mid-sized banking office.
  • Proactively guides the sales activities of the assistant manager and platform staff toward achievement of their personal sales objectives, as well as established branch goals.
  • Through tested techniques, engages in sales and service coaching sessions with sales staff.
  • Conducts business development activities to include personal visits and outbound teleservicing as components of overall responsibility for building commercial relationships.
  • Promotes Eastern Bank through community involvement via memberships in local organizations (i.e. Chamber of Commerce, Rotary, etc.), participation in city/town events, engaging local business networks, and the like.
  • Ensures sound branch operations and compliance. Complies with all bank policies, regulations, and laws applicable in carrying out responsibilities for both staff and self.
  • Effectively collaborates with internal business partners (HR, Wealth, Business Banking, Consumer Lending, etc.) to ensure branch success.
  • Manage and develop branch staff through observational coaching sessions, joint sales calls where applicable, using the coaching models, defined sales activities, and consultative customer sales tools.
  • Leads by example and inspires confidence, respect, loyalty and ensures a positive team environment among staff.
  • Proactively identifies, reports, and resolves customer issues to ensure a positive customer experience, actively promotes programs that solidify the customer relationship, and manages customer service standard levels within the branch, adhering to established guidelines.
  • Consistently applies policies for routine aspects of staff management, and as performance issues arise. Prepare and deliver performance appraisals for staff.
  • Expected to have / gain full understanding of the teller function.
  • Balancing policy and procedure with appropriate judgement, and with limited direction, makes management decisions that are mutually beneficial to the bank and the customer.
  • Incumbent must have the ability to work independently, multi-tasking in a fast-paced environment. Individual should be an outgoing self-starter and be technically literate.
Desired Qualifications
  • Bachelor’s degree preferred.

Eastern Bank provides consumer, small business, and commercial banking services in the Greater Boston area, including Innovation Banking and cash-management offerings. It uses a relationship-based lending approach that weighs both quantitative data and qualitative factors, with digital online and mobile banking and a Business Services Team to support complex needs. The bank differentiates itself through a large regional network of 109 branches in New England, a focus on specialized services, and robust digital tools for businesses. Its goal is to help individuals and businesses manage finances effectively and grow by delivering a full range of banking and financial services.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1818

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 24.2% to $309.5 million, beating estimates.
  • Operating ROA reached 1.37% and tangible ROE hit 15.2% in Q2 2026.
  • The board approved a new 5% buyback through December 31, 2027.

What critics are saying

  • February 2026 layoffs and 13 branch consolidations signal integration strain and employee churn.
  • Deposit competition already pressured Q1 2026, threatening margins as rates stay elevated.
  • A failed HarborOne integration would erase synergies and expose Eastern to larger rivals like Citizens.

What makes Eastern Bank unique

  • Eastern Bank’s HarborOne merger created New England scale with $23.7 billion loans.
  • Wealth assets hit $11.5 billion in Q2 2026, strengthening fee diversification.
  • Record commercial loan pipelines near $1 billion support relationship banking and C&I specialization.

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Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

12%

1 year growth

12%

2 year growth

12%
Pulse 2.0
Aug 7th, 2026
Charles River Associates expands credit facility to $400M with six-bank syndicate

Charles River Associates has expanded its credit facility to $400 million through a six-bank lending syndicate. The five-year agreement includes a $75 million term loan and a $325 million revolving credit facility, replacing a previous $300 million facility set to mature in August 2027. The revolving facility can be reduced to $250 million between 16 July and 15 January each year when working-capital requirements are lower. CRA will use proceeds to repay outstanding borrowings, support working capital, fund growth investments, and cover general corporate purposes. The lending group includes Bank of America, Citizens Financial Group, Eastern Bank, and Beacon Bank & Trust, with BMO and M&T Bank joining as new lenders. The expanded facility provides additional liquidity as the consulting firm invests in its global economic, financial, and management advisory operations.

Yahoo Finance
Jul 27th, 2026
EBC beats Q2 estimates with $309.5M revenue, driven by commercial lending growth and wealth management expansion

Eastern Bankshares reported second-quarter results exceeding revenue expectations, with sales rising 24.2% year-on-year to $309.5 million. The regional bank's non-GAAP profit of $0.49 per share beat analyst estimates by 5.9%. CEO Denis K. Sheahan attributed the performance to broad-based commercial and industrial loan growth, healthy deposit inflows, and cost discipline. The company reported a record commercial loan pipeline at quarter-end. Wealth management assets reached a new high, driving fee income growth from investment advisory services. Deposit increases came from seasonal municipal inflows and gains across business lines. The bank benefited from HarborOne merger cost synergies, reducing operating expenses. Asset quality remained strong with stable net charge-offs and improved nonperforming loans.

Yahoo Finance
Jul 23rd, 2026
Eastern Bank beats Q2 revenue estimates with $309.5M, up 24.2% year-on-year

Eastern Bankshares reported second-quarter results for 2026, with revenue of $309.5 million exceeding analyst expectations by 0.7%. The figure represented 24.2% year-on-year growth. The regional banking company, which operates primarily in Massachusetts, New Hampshire, and Rhode Island, posted adjusted earnings per share of $0.49, beating consensus estimates by 5.9%. Net interest income reached $251.9 million, slightly missing analyst projections of $257.1 million but showing 24.7% year-on-year growth. The net interest margin came in at 3.7%, meeting expectations. Chief executive officer Denis Sheahan said the quarter reflected the company's focus on organically growing banking and fee-based businesses whilst returning capital to shareholders. Eastern Bank's market capitalisation stands at $4.94 billion.

Yahoo Finance
Jul 23rd, 2026
Eastern Bankshares reports record operating income of $106.5M, announces 5% share buyback

Eastern Bankshares reported second-quarter 2026 net income of $105.2 million, or $0.48 per diluted share. Operating net income reached a record $106.5 million, or $0.49 per diluted share. The company achieved a return on average assets of 1.37% and return on average tangible common equity of 15.2%. Net interest margin expanded three basis points to 3.66% on a fully tax-equivalent basis, driven by higher asset yields. Period-end loans grew 1.4% quarter-on-quarter, supported by strong commercial and industrial lending. Deposits increased 3.2%, reflecting seasonal municipal inflows and broad-based business growth. Wealth assets reached a record $11.5 billion, including $10.6 billion under management. The company returned $105.8 million to shareholders, comprising $72.7 million in share repurchases. Eastern announced a 5% repurchase authorisation.

The Bangladesh Monitor
Jul 15th, 2026
EBL partners with Aleph to strengthen digital presence.

EBL partners with Aleph to strengthen digital presence. A Monitor Report Eastern Bank PLC (EBL) has entered into a strategic partnership with Aleph Group, the authorized commercial partner of leading global digital platforms, including Google and TikTok in Bangladesh, to enhance its digital advertising capabilities through global expertise, innovative technologies, and industry best practices. Geographic Reference An agreement to this effect was signed at EBL Head Office in Dhaka on July 13, 2026, by M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking, EBL, and Md. Ehsanul Hoque, Country Director, Bangladesh and Sri Lanka, Aleph Group. The partnership will enable EBL to leverage Aleph's global digital ecosystem and expertise to strengthen its online outreach, optimize digital campaigns, and enhance engagement with customers across various digital platforms. The signing ceremony was attended by Ziaul Karim, Head of Brand, Marketing and Communications; Syed Ahasanur Karim Antor, Head of Digital Marketing; Md. Aaqib Ahsan, Associate Manager, Digital Marketing from EBL; Ahsanur Rahman, Partner Director, Bangladesh and Sri Lanka; Syed Mahmud Shafayat Reza, Senior Client Solution Manager, from Aleph Group, among others.