Latest news with #BobRivers
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Eastern Bank Is Recognized By Disability:IN As A 2025 Best Place To Work For Disability Inclusion
Eastern Bank has been recognized for the second year in a row by Disability:IN as a Best Place to Work for Disability Inclusion on the 2025 Disability Index®. The Disability Index is the leading third-party benchmarking tool for evaluating corporate disability inclusion. 'We're honored to once again be recognized by Disability:IN for our commitment to disability inclusion, and thank them for raising awareness about the importance of disability inclusion in the workplace,' said Bob Rivers, Executive Chair and Chair of the Board Directors of Eastern Bank. 'Creating an environment where colleagues feel welcomed, supported and empowered is core to our organization because when everyone can contribute, innovation and the ability to add value to our customers and local communities are strengthened.' Eastern fosters a people first culture rooted in a high performing workplace where every employee has the opportunity to succeed. This includes providing health and wellness benefits to support apparent and nonapparent disabilities. Eastern's employee-led and executive sponsored Employee Resource Group 'disAbility Advocacy Alliance' helps to organize workplace practices as well as events that foster awareness and inclusion for people with disabilities and provide resources for their caregivers and allies. This included co-hosting a recent screening of The 17 Percent, a short film about Collette Divitto, a neurodiverse business owner and Eastern customer, to highlight the experiences of successful entrepreneurs with disabilities. The Disability Index® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Companies earning a top score are recognized as a 'Best Place to Work for Disability Inclusion.' Disability:IN is the leading nonprofit resource for business disability inclusion. About Eastern Bank Founded in 1818, Eastern Bank is Greater Boston's leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of March 31, 2025, Eastern had approximately $25.0 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment advisor in Massachusetts with approximately $8.4 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at and follow Eastern on Facebook, LinkedIn, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit .
Business Wire
16-07-2025
- Business
- Business Wire
Eastern Bank Is Recognized By Disability:IN As A 2025 Best Place To Work For Disability Inclusion
BOSTON--(BUSINESS WIRE)-- Eastern Bank has been recognized for the second year in a row by Disability:IN as a Best Place to Work for Disability Inclusion on the 2025 Disability Index®. The Disability Index is the leading third-party benchmarking tool for evaluating corporate disability inclusion. 'We're honored to once again be recognized by Disability:IN for our commitment to disability inclusion, and thank them for raising awareness about the importance of disability inclusion in the workplace,' said Bob Rivers, Executive Chair and Chair of the Board Directors of Eastern Bank. 'Creating an environment where colleagues feel welcomed, supported and empowered is core to our organization because when everyone can contribute, innovation and the ability to add value to our customers and local communities are strengthened.' Eastern fosters a people first culture rooted in a high performing workplace where every employee has the opportunity to succeed. This includes providing health and wellness benefits to support apparent and nonapparent disabilities. Eastern's employee-led and executive sponsored Employee Resource Group 'disAbility Advocacy Alliance' helps to organize workplace practices as well as events that foster awareness and inclusion for people with disabilities and provide resources for their caregivers and allies. This included co-hosting a recent screening of The 17 Percent, a short film about Collette Divitto, a neurodiverse business owner and Eastern customer, to highlight the experiences of successful entrepreneurs with disabilities. The Disability Index® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Companies earning a top score are recognized as a 'Best Place to Work for Disability Inclusion.' Disability:IN is the leading nonprofit resource for business disability inclusion. About Eastern Bank Founded in 1818, Eastern Bank is Greater Boston's leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of March 31, 2025, Eastern had approximately $25.0 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment advisor in Massachusetts with approximately $8.4 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at and follow Eastern on Facebook, LinkedIn, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit
Yahoo
11-06-2025
- Business
- Yahoo
Salute to Scouting gala honors local leaders in banking, sustainable investments
Two local leaders were honored at the 45th annual Salute to Scouting Gala at the Boston Harbor Hotel on Tuesday. Bob Rivers, executive chairman of Eastern Bank, was presented with the 45th Ralph Lowell Distinguished Citizen Award, praising him for his charitable contributions for social and economic justice. Amy Domini, founder of The Sustainability Group and Domini Funds, was presented with the 40th T.L. Storer Conservation Leadership Award for her pioneering work in sustainable investing. 'With challenges like tech overload, loneliness, and a disconnect from nature, we must step up to meet the needs of our youth,' Scouting Boston CEO John Judge said. 'The values and experiences Scouting provides have never been more important. Bob Rivers and Amy Domini epitomize the leadership, community service and values inherent in the Scouting program's aims.' Former Boston Police Commissioner William Gross, a former Scout Explorer leader in his own right, served as master of ceremonies. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Business Journals
19-05-2025
- Business
- Business Journals
Honoring a Champion for Community and Service
Scouting America is proud to announce that Bob Rivers, Executive Chair and Chair of the Board of Directors at Eastern Bank, will be recognized as the 45th recipient of the Ralph Lowell Distinguished Citizen Award at the 2025 Salute to Scouting on Wednesday, June 4th at the Boston Harbor Hotel. Bob's visionary leadership and unwavering commitment to community have inspired others to lead with purpose. His work exemplifies the Scout Oath and Law —service above self, a life of integrity, and dedication to community. Join us in celebrating Bob's incredible contributions and the values that bind us together as a community.
Yahoo
26-04-2025
- Business
- Yahoo
Eastern Bank to broach Rhode Island with $490M HarborOne deal
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Eastern Bankshares will merge with Brockton, Massachusetts-based HarborOne in a $490 million stock-and-cash deal that would push the Boston-based lender's brick-and-mortar footprint into Rhode Island for the first time, the banks said Thursday. The transaction, set to close in the fourth quarter, will add 30 locations to Eastern's 109-branch presence and bolster the $25 billion-asset bank with a further $5.7 billion in assets. HarborOne shareholders will receive a choice of either 0.765 Eastern shares or $12 cash for each HarborOne share they own, as long as 75% to 85% of the overall payout is in stock. The deal's $490 million value is based on an 80% stock-to-cash ratio – meaning Eastern would issue $99 million in cash, along with 25.2 million shares at $15.48 each, the stock's closing price from Wednesday. The deal announcement comes just one day after Columbia Banking System said it would buy Pacific Premier Bank in a $2 billion transaction meant to boost its presence in Southern California. Taken together, the Columbia and Eastern deals lend credence to the idea that an expected surge in banking mergers and acquisitions following President Donald Trump's reelection may just have needed the right trigger. The Federal Reserve and Office of the Comptroller of the Currency last Friday gave a green light to Capital One's $35.3 billion proposed acquisition of Discover, the largest banking merger in at least six years. Capital One and Columbia mergers notwithstanding, Eastern has shown a particular cadence with its acquisitions: It has tended to expand through purchases roughly every other year. The Boston bank announced it would buy Cambridge Bank for $528 million in 2023, and Century Bank for $642 million in 2021. Bob Rivers, Eastern's chair, called HarborOne a 'highly recognized institution in our local market.' 'We share a deep commitment to customers, colleagues and communities,' Rivers said. Once the transaction closes, HarborOne directors will get two seats on Eastern's board, including one to be occupied by CEO Joseph Casey. 'Today's announcement is a testament to the strength of our franchise and dedication of our team,' Casey said. 'Partnering with Eastern brings further scale, resources and innovation to deliver long-term value and enhanced banking experiences to our customers and local communities. We look forward to building upon the legacy forged by HarborOne for over a century.' Eastern CEO Denis Sheahan touted the deal's 16% earnings accretion, noting that Eastern would earn back its tangible book value in 2.8 years. Sheahan called HarborOne 'a natural strategic fit with shared values, vision and focus on customer-centric banking.' 'We look forward to introducing HarborOne customers to an enhanced array of products and services,' he said. That includes Eastern's wealth business, which manages $8.4 billion in assets – largely inherited through the Cambridge acquisition. HarborOne, for its part, counts a sizable mortgage-lending business. Additionally, its HarborOne U program offers educational resources such as free digital content, webinars and recordings aimed at small-business owners and clients seeking personal-finance help. Sign in to access your portfolio
