Tranche Update on Eastern Bankshares, Inc.'s Equity Buyback Plan announced on October 28, 2021.
May 10, 2022 at 04:23 pm EDT
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From January 1, 2022 to March 31, 2022, the company has repurchased 2,866,621 shares, representing 1.67% for $60.54 million. With this, the company has completed the repurchase of 4,002,499 shares, representing 2.33% for $83.74 million under the buyback announced on October 28, 2021.
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. 
