Is Eastern Bank a big bank?

Written by Admin | Last Updated: July 2026

Eastern Bank is a significant regional bank, though it does not qualify as a "big bank" by national mega-bank standards. It is one of the largest and oldest independent, mutual-based financial institutions in the United States. Based in Boston, Massachusetts, it has a deep-rooted presence throughout New England, providing a wide array of banking, investment, and insurance services to personal and business customers. While it may not compete in scale with the largest global financial conglomerates, its substantial asset base, extensive network of branches, and long history of community engagement make it a dominant and highly influential force within the regional New England market.

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Eastern Bank issues various debit and credit cards, and the specific network (Visa or Mastercard) depends on the exact product chosen.