Eastern Bankshares, Inc. and Eastern Bank Announces Resignation of Greg A. Shell from the Board of Directors
December 02, 2022 at 04:11 pm EST
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On November 28, 2022, Greg A. Shell, a member of the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”), notified the Company that he was resigning from the Board and from the Board of Directors of the Company's wholly owned subsidiary Eastern Bank, effective December 2, 2022, in connection with commencing employment with the asset management unit of a multinational investment bank and financial services company. Mr. Shell had served on the Audit and Risk Management Committees of the Board prior to his resignation. Mr. Shell did not express disagreement with the Company on any matter relating to its operations, policies, or practices.
Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities.
EASTERN BANKSHARES, INC. 
