Eastern Bank in Boston, Massachusetts (MA)



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Eastern Bank routing number info

Table of contents:
Eastern Bank
GeneralFDIC Certificate #: 32773
Status: Active
Federal Reserve ID: 128904
Bank Holding Company (Regulatory Top Holder): Eastern Bank Corporation (RSSDID: 1427239, Location: Boston, MA)
Date Established: October 19, 1989
WWW: http://www.easternbank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 96 (Domestic: 96, Interstate: No)
OTS Docket #: 12134
FDIC's unique #: 45683
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 19, 1989
Last Structure Change Effective Date: March 18, 2011
Last Structure Change Process Date: March 30, 2011
Last Data Update: March 30, 2011
Data Source Date: April 05, 2012
LocationAddress: 265 Franklin Street, Boston, MA 2110
County: Suffolk
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: North Boston
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
Core Based Statistical Division: Boston-Quincy, MA (#14484)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $7,812.9 mil
Equity capital: $961.6 mil
Deposits held in domestic offices: $6,295.8 mil
Return on assets (ROA): 1.10% ($85.9 mil)
Quarterly return on assets: 0.96% ($75.0 mil)
Return on Equity (ROE): 9.11% ($87.6 mil)
Quarterly return on equity: 7.80% ($75.0 mil)
Net income: $84.4 mil
Quarterly Net income: $18.7 mil
Pretax return on assets: 1.71% ($133,600.9 mil)
Quarterly Pretax return on assets: 1.48% ($115,631.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,525
Total assets$7,812,916
Cash and due from depository institutions$1,456,190
Interest-bearing balances$1,379,086
Securities$1,756,796
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$3,879,554
Loan loss allowance $77,593
Trading account assets$48,335
Bank premises and fixed assets$50,459
Other real estate owned$5,100
Goodwill and other intangibles$277,408
All other assets$339,074
Life insurance assets$7,812,916
Total liabilities and capital$6,851,355
Total liabilities$6,295,820
Total deposits$4,590,439
Interest-bearing deposits$6,295,820
Deposits held in domestic offices$86
% insured (estimated)366522.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,952
Other borrowed funds $0
Subordinated debt $178,061
All other liabilities $961,561
Total equity capital$961,561
Total bank equity capital$961,561
Perpetual preferred stock$0
Common stock$600
Surplus$415,646
Undivided profits $545,315
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $21,136
Income earned, not collected on loans $58,293
Earning assets $0
Long-term assets (5+ years) $19,574
Average Assets, year-to-date $7,063,771
Average Assets, quarterly $2,617,868
Volatile liabilities $7,695,209
Insider loans $7,826,507
FHLB advances $4,750,097
Loans and leases held for sale $7,512,335
Unused loan commitments $50,855
Tier 1 (core) risk-based capital $50,855
Tier 2 risk-based capital $702,615
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,398,689
Derivatives$39,620
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $273,188
Total interest expense $14,462
Net interest income $258,726
Provision for loan and lease losses $0
Total noninterest income $129,764
Fiduciary activities $13,267
Service charges on deposit accounts $23,900
Trading account gains & fees $5,259
Additional noninterest income $87,338
Total noninterest expense $284,165
Salaries and employee benefits $172,093
Premises and equipment expense $31,933
Additional noninterest expense $80,139
Pre-tax net operating income $104,325
Securities gains (losses) $27,002
Applicable income taxes $46,932
Income before extraordinary items $84,395
Extraordinary gains - net $0
Net income attributable to bank $84,437
Net charge-offs -$42
Cash dividends $84,395
Sale, conversion, retirement of capital stock, net $10,948
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.96%
Cost of funding earning assets 0.21%
Net interest margin 3.75%
Noninterest income to earning assets 1.88%
Noninterest expense to earning assets 4.12%
Net operating income to assets 0.87%
Return on assets (ROA) 1.10%
Pretax return on assets 1.71%
Return on equity (ROE) 9.11%
Retained earnings to average equity (YTD only) 9.11%
Net charge-offs to loans 0.28%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio9.53%
Assets per employee$72,052
Cash dividends to net income (YTD only)5.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.96%
Noncurrent assets plus other real estate owned to assets 133.11%
Noncurrent loans to loans 0.96%
Net loans and leases to deposits1.47%
Net loans and leases to core deposits 61.62%
Equity capital to assets 63.13%
Core capital (leverage) ratio 12.31%
Tier 1 risk-based capital ratio 9.35%
Total risk-based capital ratio 14.79%
Memoranda
Average assets$16
Average earning assets$7,695,209
Average equity $926,589
Average loans $6,901,914
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,627,138
Number of Accounts1
Personal trust and agency accounts$1,595,265
Employee benefit-defined contribution accounts$724,303
Employee benefit-defined benefit accounts$71,499
Other retirement accounts$6,765
Corporate trust and agency accounts$193,370
Investment management agency accounts$5,704
Other fiduciary accounts$348,282
Fiduciary accounts held in foreign offices$245,342
Non-managed Assets$0
Number of Accounts3502
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$188,462
Employee benefit-defined benefit accounts$0
Other retirement accounts$31,873
Corporate trust and agency accounts$6,325
Other fiduciary accounts$15,170
Fiduciary accounts held in foreign offices$10,152
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94 Massachusetts Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045683Eastern Bank265 Franklin Street, Boston, MA 2110October 19, 1989Full Service Brick and Mortar
4291451Enon Street Branch33 Enon Street, Beverly, MA 1915December 04, 1978Full Service Brick and Mortar
517822Washington Street Branch125 Washington Street, Salem, MA 1970January 01, 1826Full Service Brick and Mortar
7291299Lynngate Branch156 Boston Street, Lynn, MA 1904January 01, 1826Full Service Brick and Mortar
8291301Lynnfield Branch Route One771 Salem Street, Lynnfield, MA 1940January 01, 1826Full Service Brick and Mortar
10291303Wakefield Branch445 Main Street, Wakefield, MA 1880January 16, 1978Full Service Brick and Mortar
11291304Lynn Street Peabody Branch102 Lynn Street, Peabody, MA 1960January 31, 1978Full Service Brick and Mortar
12291452Melrose Branch441 Main Street, Melrose, MA 2176July 01, 1981Full Service Brick and Mortar
13180874Loring Avenue Branch72 Loring Avenue, Salem, MA 1970October 27, 1971Full Service Brick and Mortar
14180875Pickering Wharf Branch19 Congress Street, Salem, MA 1970April 14, 1975Full Service Brick and Mortar
15180876Ryalside Branch81 Bridge Street, Beverly, MA 1915Febuary 02, 1976Full Service Brick and Mortar
19193646Storey Avenue Branch17 Storey Avenue, Newburyport, MA 1950Febuary 08, 1978Full Service Brick and Mortar
265198Pleasant Street Branch94 Pleasant Street, Malden, MA 2148December 01, 1896Full Service Brick and Mortar
28218058Stoneham Branch163 Main Street, Stoneham, MA 2180December 01, 1960Full Service Brick and Mortar
3616213Market Street Branch112 Market Street, Lynn, MA 1901May 15, 1855Full Service Brick and Mortar
39291295Vinnin Square Branch405 Paradise Road, Swampscott, MA 1907December 28, 1967Full Service Brick and Mortar
40291296Highlander Branch6 Traders Way, Salem, MA 1970October 18, 1976Full Service Brick and Mortar
4114116Liberty Tree Branch4 Federal Street, Danvers, MA 1923August 24, 1971Full Service Brick and Mortar
43255957Lynnfield Branch45 Salem Street, Lynnfield, MA 1940October 20, 1984Full Service Brick and Mortar
44255958Foster Street Peabody Branch37 Foster Street, Peabody, MA 1960May 27, 1992Full Service Brick and Mortar
456213Cliftondale Branch466 Lincoln Avenue, Saugus, MA 1906June 15, 1928Full Service Brick and Mortar
46221079Saugus Center Branch13 Main Street, Saugus, MA 1906October 28, 1957Full Service Brick and Mortar
47221080Lynnfells Branch605 Broadway, Saugus, MA 1906January 26, 1983Full Service Brick and Mortar
48289026Shaw's Peabody BranchEssex Center Drive, Peabody, MA 1960May 22, 1996Full Service Retail
49289027Marblehead Branch118 Washington Street, Marblehead, MA 1945May 20, 1997Full Service Brick and Mortar
50289028Middlesex Commons Branch43 Middlesex Turnpike, Suite 10, Burlington, MA 1803June 30, 1997Full Service Brick and Mortar
5215306Wollaston Branch731 Hancock Street, Quincy, MA 2170May 21, 1912Full Service Brick and Mortar
53253988Braintree Branch51 Commercial Street, Braintree, MA 2184May 10, 1980Full Service Brick and Mortar
55253990Weymouth Branch1150 Washington Street, Weymouth, MA 2189September 04, 1990Full Service Brick and Mortar
56253992Hingham Branch274 Main Street, Hingham, MA 2043July 17, 1995Full Service Brick and Mortar
58253994Stoughton Branch397 Washington Street, Stoughton, MA 2072December 21, 1995Full Service Brick and Mortar
59253995Quincy Branch63 Franklin Street, Quincy, MA 2169November 14, 1996Full Service Brick and Mortar
60253996South Boston Branch470 West Broadway, South Boston, MA 2127July 07, 1997Full Service Brick and Mortar
61289030Marshfield Branch1932 Ocean Street, Marshfield, MA 2050March 23, 1998Full Service Brick and Mortar
64340835Brooksby Village Branch100 Brooksby Village Drive, Peabody, MA 1960June 05, 2000Full Service Brick and Mortar
65193616Canton Branch39 Washington Street, Canton, MA 2021July 11, 1966Full Service Brick and Mortar
66193388Norwell Branch80 Washington Street, Norwell, MA 2061November 26, 1962Full Service Brick and Mortar
67193700Stonehill Branch1313 Belmont Street, Brockton, MA 2301November 20, 1972Full Service Brick and Mortar
68180866Randolph Branch35 Memorial Parkway, Randolph, MA 2368May 13, 1965Full Service Brick and Mortar
71418877Shaw's East Boston Branch246 Border Street, East Boston, MA 2128April 07, 2003Full Service Retail
74423269Dedham Mall Branch240 Providence Highway, Dedham, MA 2026November 10, 2003Full Service Brick and Mortar
7557025Needham Street Branch188 Needham Street, Newton, MA 2464June 02, 1997Full Service Brick and Mortar
76430741Newton Branch2060 Commonwealth Avenue, Auburndale, MA 2466July 19, 2004Full Service Brick and Mortar
77433417Lexington Branch1833 Massachusetts Ave, Lexington, MA 2420November 29, 2004Full Service Brick and Mortar
78433418300 Brooksby Village Branch300 Brooksby Village Drive, Peabody, MA 1960November 22, 2004Full Service Brick and Mortar
7916443Wareham Branch226 Main Street, Wareham, MA 2571March 12, 1847Full Service Brick and Mortar
8017883Plymouth Branch36 Main Street, Plymouth, MA 2360January 01, 1847Full Service Brick and Mortar
81291523Falmouth Branch117 Main Street, Falmouth, MA 2540January 01, 1847Full Service Brick and Mortar
82291423Mattapoisett Branch29 County Road, Mattapoisett, MA 2739September 16, 1974Full Service Brick and Mortar
83291424Marion Branch340 Front Street, Marion, MA 2738October 18, 1976Full Service Brick and Mortar
84291425Depot Street Branch19 Depot Street, Duxbury, MA 2332September 19, 1977Full Service Brick and Mortar
85291426Sandwich Center Branch65c Route 6a, Sandwich, MA 2563November 07, 1977Full Service Brick and Mortar
86256346Sandwich Road Branch4 Sandwich Road, Falmouth, MA 2536August 30, 1982Full Service Brick and Mortar
87256565Cotuit Branch3821 Falmouth Road/Route 28, Marstons Mills, MA 2648October 05, 1985Full Service Brick and Mortar
88256347Campanelli Drive Branch151 Campanelli Drive, Middleboro, MA 2346January 16, 1990Full Service Brick and Mortar
8917831Middleboro BranchOne South Main Street, Middleboro, MA 2346January 01, 1873Full Service Brick and Mortar
90291334Lakeville Branch348 Bedford Street, Lakeville, MA 2347October 02, 1976Full Service Brick and Mortar
91256348Mashpee Branch6 Shellback Way, Mashpee, MA 2649September 06, 1989Full Service Brick and Mortar
92256349East Wareham Branch3003 Cranberry Highway, East Wareham, MA 2538August 14, 1995Full Service Brick and Mortar
93256350West Plymouth Branch71 Carver Road, West Plymouth, MA 2360August 21, 1995Full Service Brick and Mortar
94256351Kingston Branch108 Main Street, Kingston, MA 2364December 11, 1995Full Service Brick and Mortar
96423240Taunton Branch742 County Street, Taunton, MA 2780September 28, 2003Full Service Brick and Mortar
97446178Natick Branch2 South Avenue, Natick, MA 1760November 21, 2005Full Service Brick and Mortar
9933087Sharon Main Office7 South Main Street, Sharon, MA 2067January 01, 1912Full Service Brick and Mortar
100480340Everett Avenue Chelsea Branch90 Everett Avenue, Chelsea, MA 2150August 18, 2008Full Service Brick and Mortar
10115339Massbank Main Office123 Haven Street, Reading, MA 1867April 05, 1872Full Service Brick and Mortar
102291332Wilmington Branch219 Lowell Street, Wilmington, MA 1887November 01, 1974Full Service Brick and Mortar
103254058Melrose Towers Branch27 Melrose Street, Melrose, MA 2176September 12, 1975Full Service Brick and Mortar
106291440Wilmington Branch370 Main Street, Wilmington, MA 1887January 01, 1891Full Service Brick and Mortar
107242799Wellington Circle Branch53 Locust Street, Medford, MA 2155January 08, 1977Full Service Brick and Mortar
108275083Chelmsford Branch291 Chelmsford Street, Chelmsford, MA 1824January 01, 1892Full Service Brick and Mortar
10917816Lowell/Central Branch50 Central Street, Lowell, MA 1852March 03, 1871Full Service Brick and Mortar
110291257Chelmsford Branch17 North Road, Chelmsford, MA 1824July 01, 1974Full Service Brick and Mortar
111291258Westford Branch203 Littleton Road, Westford, MA 1886September 09, 1974Full Service Brick and Mortar
112291259Lakeview Branch755 Lakeview Avenue, Lowell, MA 1850November 01, 1977Full Service Brick and Mortar
113291260Main Street Branch1800 Main Street Route 38, Tewksbury, MA 1876March 11, 1985Full Service Brick and Mortar
114291261Dracut Branch45 Broadway Road, Dracut, MA 1826June 05, 1987Full Service Brick and Mortar
11535271738 Broadway Branch738 Broadway, Everett, MA 2149January 01, 1928Full Service Brick and Mortar
116493877Hyannis Branch375 Iyannough Road, Hyannis, MA 2601July 27, 2009Full Service Brick and Mortar
117511684Andover Branch60 Main Street, Andover, MA 1810August 16, 2010Full Service Brick and Mortar
118515757West Roxbury Branch2029 Centre Street, West Roxbury, MA 2132January 03, 2011Full Service Brick and Mortar
11936451Downtown Crossing Branch63 Franklin St, Boston, MA 2110July 27, 1987Full Service Brick and Mortar
121244775Harvard Square BranchOne Brattle Square, Cambridge, MA 2138November 01, 1967Full Service Brick and Mortar
122244776Kendall Square BranchOne Broadway, Cambridge, MA 2142December 14, 1970Full Service Brick and Mortar
123260622Fresh Pond Mall Branch176 Alewife Brook Parkway, Cambridge, MA 2138December 12, 1994Full Service Brick and Mortar
124260623Back Bay Station Branch155 Dartmouth Street, Boston, MA 2116June 01, 1995Full Service Brick and Mortar
125260624Jamaica Plain Branch687 Centre Street, Jamaica Plain, MA 2130June 29, 1999Full Service Brick and Mortar
126359998Watertown Square BranchOne Church Street, Watertown, MA 2472September 25, 2000Full Service Brick and Mortar
127361462Central Square Branch647 Massachusetts Avenue, Cambridge, MA 2139May 14, 2001Full Service Brick and Mortar
128363182Davis Square Branch250 Elm Street, Somerville, MA 2144Febuary 19, 2002Full Service Brick and Mortar
129444145Brookline Branch301 Harvard Street, Brookline, MA 2446July 25, 2005Full Service Retail
130444908Newton Branch1255 Centre Street, Newton, MA 2459September 26, 2005Full Service Retail
131481503Dorchester Branch1906 Dorchester Avenue, Dorchester, MA 2124October 14, 2008Full Service Retail
132526220Lawrence Branch486 Essex Street, Lawrence, MA 1840October 11, 2011Full Service Brick and Mortar
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