What banks has Eastern Bank acquired?
Eastern Bank has executed significant strategic mergers and acquisitions to expand its footprint across New England. Most notably, Eastern Bank completed a massive all-stock merger with Cambridge Bancorp (the parent company of Cambridge Trust Company), significantly expanding its wealth management and commercial banking presence across Massachusetts. Additionally, Eastern Bank secured regulatory approval to merge with HarborOne Bank, consolidating HarborOne's extensive branch network and customer accounts directly under the Eastern Bank charter to create one of the most powerful regional banking franchises in the Northeast.
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No, Eastern Bank is not a government bank. It is a private, independent financial institution.