Eastern Bank

Eastern Bank

Corporate banking with cash management.

Commercial Loan Operations Specialist

Full-Time
$30.69 - $38.36/hr
Senior
Bachelor's
Brockton, MA, USA
Hybrid

Two to three days in the office per week required.

About the job

Requirements
  • Five or more years of experience in commercial loan operations, loan servicing, accounting operations, syndicated lending, or a related banking function.
  • Strong written and verbal communication skills.
  • Ability to work independently while collaborating effectively across multiple business lines.
Responsibilities
  • Book and maintain commercial, syndicated, participated, and institutional loans within the FIS bank's core loan servicing system.
  • Process loan modifications, renewals, extensions, amendments, rate changes, tranche activity, commitments, and new loan funding transactions.
  • Accurately process loan payments, advances, paydowns, payoffs, fees, and other monetary transactions.
  • Review and reconcile loan balances, accrued interest, and payment activity against supporting documentation and servicing notices.
  • Research, resolve, and document general ledger variances and reconciliation differences related to loan activity.
  • Support purchased and sold portfolios, including payment processing, rate changes, principal remittances, and investor reporting.
  • Review loan documentation to ensure system setup accurately reflects contractual terms, including payment structures, amortization schedules, maturity dates, and interest rate provisions.
  • Partner with Commercial Banking, Credit, Treasury, Accounting, Servicing, and external agent banks to ensure accurate servicing and reporting.
  • Analyze and resolve loan servicing exceptions, transaction discrepancies, and operational breaks.
  • Prepare and support internal audits, regulatory examinations, operational reviews, and control testing activities.
  • Maintain adherence to established procedures, internal controls, and operational risk management standards.
Desired Qualifications
  • Experience supporting commercial, syndicated, participated, institutional, or agent bank loan portfolios, including loan booking, modifications, funding transactions, and servicing activities.
  • Strong knowledge of loan accounting, general ledger reconciliations, interest accruals, amortization schedules, and variable-rate lending products, with the ability to research and resolve complex loan and accounting discrepancies.
  • Experience working with agent banks and syndicated lending platforms.
  • Ability to research and resolve complex loan servicing and accounting discrepancies independently.
  • Strong attention to detail and analytical problem-solving skills.
  • Ability to manage multiple priorities and deadlines in a high-volume, fast-paced environment.
  • Strong collaboration skills with all areas of the bank.
  • Proficiency with loan servicing and origination systems, Microsoft Excel, and operational reporting tools.
  • Experience with core loan systems and general ledger reconciliation processes.
  • A bachelor's degree in business, Finance, Accounting, Economics, or a related field.

About the company

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's Take

What believers are saying

  • Second-quarter 2026 revenue hit $309.5 million; operating EPS reached $0.49 on July 23.
  • Wealth assets reached $11.5 billion in Q2 2026, lifting fee income and cross-sell.
  • Management is buying back stock and raised dividends, signaling excess capital and confidence in merger synergies.

What critics are saying

  • HoldCo Asset Management attacked Eastern in 2025; sale pressure returns if growth slows in 2026.
  • HarborOne integration still carries merger costs; another conversion stumble would hit deposits and efficiency.
  • Commercial real estate and C&I credit losses can rise quickly; a sharp spike threatens independence.

What makes Eastern Bank unique

  • Greater Boston scale with 120+ branches after HarborOne closed in November 2025.
  • Relationship-based commercial lending pairs banking, wealth management, and cash management for New England clients.
  • Eastern Bank Foundation and civic brand deepen local loyalty across Massachusetts, New Hampshire, and Rhode Island.

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Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 11%

1 year growth

↑ 11%

2 year growth

↑ 11%
Providence Business News
Sep 22nd, 2026
Eastern Bank Foundation honors former Mass. Gov. Deval Patrick.

Eastern Bank Foundation honors former Mass. Gov. Deval Patrick. 09/21/2026 PROVIDENCE - Eastern Bank Foundation honored former Mass. Gov. Deval Patrick with its 2026 Social Justice Award at its annual Celebration of Social Justice on Sept. 14. The foundation, which is the charitable arm of Boston-based Eastern Bank, also presented its inaugural Nancy Huntington Stager Collaborative Impact Award to Cambridge nonprofit Just A Start and its Rindge Commons partners. For Rhode Island manufacturers, ISO 9001 has been much more than a certificate on the... The award recognizes collaborative efforts to expand economic mobility through affordable housing, workforce development and early childhood education. Patrick served as Massachusetts governor from 2007 to 2015 and previously served as assistant attorney general for civil rights under President Bill Clinton. He is now a senior partner at Vistria Group and a Hauser Leader at Harvard University's Center for Public Leadership. - Advertisement - "Deval Patrick's career-long dedication to civil rights leadership speaks for itself," Eastern Bank Foundation CEO and President Turahn Dorsey said in a statement. The event comes as Eastern Bank parent Eastern Bankshares Inc. continues its expansion into Rhode Island following its acquisition of HarborOne Bancorp. Eastern Bankshares completed the acquisition in November 2025, adding about $4.5 billion in loans and $4.3 billion in deposits and expanding its Eastern Bank branch network into Rhode Island. The combined bank now has more than 120 banking locations across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Matthew McNulty is a PBN staff writer. He can be reached at [email protected] or on X at @MattMcNultyNYC.

Wicked Local
Sep 18th, 2026
Plymouth Coalition for the Homeless taps banker for public service award.

Plymouth Coalition for the Homeless taps banker for public service award. Beth McDermott Wicked Local Sept. 18, 2026, 5:47 a.m. ET The Plymouth Area Coalition for the Homeless will hold its Annual Luncheon & Phyllis Hughes Award at noon on Wednesday, Sept. 30, at East Bay Grille. At that tine, Laurie Caraher, vice president and branch manager of Eastern Bank's Plymouth branch, will receive the Phyllis Hughes Award for Public Service, according to a community announcement.

Yahoo Finance
Sep 17th, 2026
Alexander E. Anderson joins Cambridge Trust Private Banking as senior vice president

Alexander E. Anderson has joined Cambridge Trust Private Banking, a Division of Eastern Bank, as Senior Vice President and Private Banker. Anderson brings over 15 years of experience in business development, strategic advisory services and family office management, serving high-net-worth individuals and institutional investors. Anderson previously founded and led Impact Strategic Partners and AEA Capital Partners, both advisory firms focused on investment management and strategic consulting. He also advised ultra high-net-worth family offices on investment management and estate planning. Anderson studied at Pepperdine University and Harvard Business School's Owner/President Management Programme. Kerri Mooney, Executive Vice President of Private Banking for Eastern Bank, said Anderson's experience and relationship-focused approach will enhance the team's ability to deliver personalised financial solutions to clients.

Cambridge Trust
Sep 17th, 2026
Eastern Bank Recognized Among Massachusetts' Most Charitable Companies by the Boston Business Journal

Eastern Bank recognized among Massachusetts' Most Charitable Companies by the Boston Business Journal. Eastern Bank BOSTON, MA, September 17, 2026 - Eastern Bank has once again been recognized by the Boston Business Journal at its annual 2026 Corporate Citizenship Awards, a recognition of the region's top corporate charitable contributors. Eastern ranks in the top 10 for the 15th time among the Boston Business Journal's Most Charitable Companies. The Boston Business Journal annually publishes this list to recognize companies that promote and prioritize giving back to their communities. In all, 95 companies have qualified for the distinction in 2026, and Eastern is proud to be included among the companies helping to strengthen the region through corporate giving and community engagement. About Eastern Bank Founded in 1818, Eastern Bank is Greater Boston's leading local bank with more than 125 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2026, Eastern had approximately $31.1 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking Divisions, which include the largest bank-owned independent investment adviser in Massachusetts with $10.6 billion in assets under management. Eastern takes pride in its advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join Cambridge Trust for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com. Media Contact: Andrea Goodman Eastern Bank [email protected] 781-598-7847 Investor Contact: Andrew Hersom Eastern Bankshares, Inc. [email protected] 617-897-1177

The Motley Fool
Sep 2nd, 2026
Regional bank director sells $230,000 worth of stock.

Regional bank director sells $230,000 worth of stock. Joseph Casey's 10,000-share disposition was executed under a Rule 10b5-1 trading plan, characterizing it as routine liquidity management rather than a bearish signal. By Jake Lerch - Sep 2, 2026 at 9:40AM EST Key points. * The 10,000 shares were sold at $22.96 per share on August 21, 2026, generating a transaction value of ~$230,000. * The disposition reduced the director's total equity holdings by 3% while leaving a residual stake of ~305,000 shares. * All shares in this transaction were sold indirectly from holdings distributed across a Traditional IRA, a Roth IRA, and a trust. * The activity was executed under a Rule 10b5-1 trading plan, characterizing the move as routine liquidity management. * 10 stocks The Motley Fool, LLC like better than Eastern Bankshares" Joseph F. Casey, Director of Eastern Bankshares, Inc. (EBC +2.95%), sold 10,000 shares of common stock on Aug. 21, 2026, according to a recent SEC Form 4 filing. Transaction summary. | Metric | Value | | Transaction value | ~$230,000 | | Shares sold | 10,000 | | Post-transaction shares (total) | 305,478 | | Post-transaction shares (directly held) | 3,883 | | Post-transaction shares (indirectly held) | 301,595 | | Post-transaction value | $6.95 million | Transaction value based on SEC Form 4 weighted average sale price ($22.96); post-transaction value based on Aug. 21, 2026, market close ($22.74). Company snapshot. * EBC is a Boston-based financial services company with a market capitalization of $5.3 billion as of Aug. 21, 2026. * The company operates as the bank holding company for Eastern Bank, providing banking, trust, and investment services to retail, commercial, and small business customers. Eastern Bankshares reported trailing twelve-month revenue of $1.4 billion and net income of $376.1 million as of the latest reporting period. The company employed 2,349 full-time staff as of Aug. 21, 2026, market close. Key questions. * How does this sale relate to the director's total equity position? The sale of 10,000 shares represents a 3% reduction in total holdings, leaving the director with a remaining stake of ~305,000 shares and an insider ownership level of 0.13%. * What is the structural nature of the remaining holdings? The vast majority of the equity is held indirectly, with post-trade holdings distributed across a trust (227,234 shares), a Traditional IRA (72,079 shares), and a Roth IRA (2,282 shares), while 3,883 shares are held directly. * Was the transaction part of a pre-established plan? The disposition was executed under a Rule 10b5-1 trading plan, which allows insiders to schedule stock sales in advance to manage personal financial goals on a predetermined basis. * How has the stock performed leading up to this transaction? The transaction occurred following a period of appreciation for Eastern Bankshares, which recorded a 43% one-year total return as of the Aug. 21, 2026, transaction date. Company overview. | Metric | Value | | Share Price (as of market close 2026-08-21) | $22.74 | | Market Capitalization | $5.3 billion | | Revenue (TTM) | $1.4 billion | | Net Income (TTM) | $376.1 million | * Eastern Bankshares operates as the bank holding company for Eastern Bank, providing comprehensive banking, trust, and investment services, including deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit, alongside commercial and industrial lending products such as asset-based lending, commercial real estate financing, and construction lending. * The company generates revenue from net interest income on its lending portfolio and deposit base, fee-based services from trust and investment advisory operations, and commercial banking products serving retail, commercial, and small-business customers across the United States. * Eastern Bankshares primarily serves retail depositors, commercial enterprises, small business owners, and institutional clients seeking regional banking solutions with personalized service and community-focused financial products. Eastern Bankshares is a regional bank holding company with $5.3 billion in market capitalization and $1.4 billion in TTM revenue, demonstrating solid scale within the regional banking sector. The company maintains a diversified revenue model spanning deposit products, commercial lending, and trust services, positioning it competitively within the regional banking landscape. With 2,349 employees and headquarters in Boston, Eastern Bankshares leverages its regional presence and community banking heritage to compete effectively against larger national institutions while maintaining operational efficiency and customer-centric service delivery. What this transaction means for investors. When reviewing insider transactions, average investors should be cautious before drawing any conclusions. After all, many insider sales are for ordinary reasons, such as prearranged sales or tax withholding. Therefore, it's always best to go back to basics and review a company's fundamentals to understand how it is performing as a business. Now, let's have a closer look at Eastern Bankshares (EBC). To begin, EBC stock has underperformed the broader stock market over the last few years. Since 2021, the stock has generated a total return of 26%, equating to a compound annual growth rate (CAGR) of 4.7%. The S&P 500, meanwhile, has delivered an 80% total return, with a 12.5% CAGR. Eastern Bankshares Premium Feature Moneyball Superscore Today's Change ( 2.95 %) $ 0.64 Current Price Key data points. Market Cap Day's Range $ 21.51 - $ 22.28 52wk Range $ 16.61 - $ 23.77 Dividend Yield As for its underlying metrics, most look quite solid. The company recently reported $310 million in revenue, a 24% year-over-year jump. Net interest margin (NIM), a key performance indicator for any regional bank, was 3.70%, indicating that the EBC is generating a good spread between the interest it pays on deposits and the interest it earns on loans. Finally, its price-to-earnings (P/E) multiple is 12.2x, a modest ratio indicating that the stock has room to appreciate. As for concerns, there are some. For one, EBC is a regional bank, which makes it susceptible to regional economic conditions. In this case, that means the New England regional economy. If conditions were to deteriorate in this region, EBC's stock would likely suffer. Moreover, competition remains stiff in this region. In turn, EBC may be forced to pay higher interest rates on its deposits, which could put pressure on its NIM. Lastly, EBC has recently divested Eastern Insurance Group. That unit generated non-interest fee income for the company. With it now gone, EBC is more reliant on a favorable interest rate environment. In short, EBC is a regional bank whose stock has underperformed the broader market in recent years. However, its fundamentals look good on paper. That said, EBC also carries some risk, given its concentration in the New England region and its vulnerability to interest rate volatility. Should you buy stock in Eastern Bankshares right now? Before you buy stock in Eastern Bankshares, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Eastern Bankshares wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $5,000 at the time of its recommendation, you'd have $2,179,013!* Or when Nvidia made this list on April 15, 2005... if you invested $5,000 at the time of its recommendation, you'd have $6,672,886!* Now, it's worth noting Stock Advisor's total average return is 966% - a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. *Stock Advisor returns as of September 2, 2026.