Full-Time
Corporate banking with cash management.
$22/hr
Needham, MA, USA
In Person
Hybrid role; mixture of platform and teller duties; on-site at Wellesley branch.
Bachelor's
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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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Hybrid Work Options
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.
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.
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.
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.
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.