Latest news with #EasternBank
Yahoo
3 hours ago
- 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 Wire
21-05-2025
- Business
- Business Wire
Eastern Bank Welcomes David Ciolfi To Cambridge Trust Private Banking, A Division Of Eastern Bank, As Senior Vice President, Team Lead For Business Development
BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to welcome David Ciolfi as a Senior Vice President, Team Lead for Business Development with Cambridge Trust Private Banking, a Division of Eastern Bank. Mr. Ciolfi has over two decades of experience in financial and investment advisory services across private banking and wealth offerings. 'David Ciolfi brings an entrepreneurial mindset and deep understanding of the private banking and wealth management needs in the Northeast region, and we are thrilled to welcome him to the team,' said Kerri Mooney, Executive Vice President of Private Banking for Eastern Bank. Mr. Ciolfi most recently served as Senior Advisor at Citizens Private Wealth where he led private wealth efforts across Greater Boston, Connecticut, New York and Rhode Island, consistently bringing a client-centric and innovative approach. He spearheaded the growth of Citizens Private Wealth in Connecticut and New York, successfully grew the Private Wealth division in Providence, and led a market launch in the boroughs of New York and Long Island. His understanding of value-add solutions for clients led to new ways to deliver what clients seek, including specialist teams of investment managers, wealth strategists, and trust, estate and tax planning experts to deliver comprehensive, client-focused financial planning, thought leadership and community engagements. He previously served as Senior Vice President, Wealth Advisor at Wells Fargo Private Bank. Earlier in his career, he held senior roles at Citizens Private Wealth, including Senior Vice President of Consumer Bank Strategy, and spearheaded Private Wealth's business development efforts in the Northeast. Mr. Ciolfi earned a Bachelor of Arts degree from the College of the Holy Cross and a Master of Business Administration degree from Babson College. He is a Certified Wealth Strategist (CWS®), and holds FINRA Series 7 and 66 licenses. 'Cambridge Trust Private Banking understands the importance of delivering exceptional client service and personalized, comprehensive solutions to help individuals throughout their financial journeys, and I am excited to come on board and help with the offering,' said David Ciolfi, Senior Vice President, Team Lead for Business Development of Cambridge Trust Private Banking, a Division of Eastern Bank. Cambridge Trust Private Banking, a Division of Eastern Bank, offers more than just financial services—it provides a personalized banking experience that understands an individual's unique needs, priorities and values. Whether in the early stage of a career, the mainstream of building wealth, or the preparation of transferring wealth, private bankers help individuals reach their goals. Recognizing personal and professional financial needs are often interconnected, the team also works with a range of companies and organizations, including multi-generational businesses, to address their private banking goals. 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 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
11-05-2025
- Yahoo
Lynn man pleads guilty in connection with a 2024 bank robbery
A Lynn man has pleaded guilty in connection with an October 2024 bank robbery. 40-year-old Cesar Rivera pleaded guilty to: Making a bomb threat Larceny in an amount exceeding $1,200 Intimidation to steal from a depository of money On October 26, 2024, Lynn police responded to Eastern Bank on 112 Market Street following a 911 call for reports of a robbery. Officers were told that Rivera had passed a note to the bank teller making a bomb threat and demanding cash. Shortly after, Rivera fled the bank on foot before fleeing in a taxi. Detectives were able to identify Rivera and locate him in the taxi during a traffic stop in Lynn's Curwin Circle. Officers arrested Rivera and recovered $17,000 in cash. Rivera is facing three to five years in state prison, followed by three years of probation. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Boston Globe
29-04-2025
- Entertainment
- Boston Globe
Matt Berlin balances law and music careers with new album release
Berlin and Kweskin have teamed up yet again, to produce a new ensemble album, 'Doing Things Right,' under the name the Berlin Hall Saturday Night Review. (Berlin credits his grandfather, who ran a dance hall in Virginia as the album's inspiration.) The album came out last Friday, following release parties at Club Passim in Cambridge and the Jalopy Theatre in New York, on Jalopy's label. The two musicians bring together a number of longtime collaborators to create a lively mix of jazz, folk, blues, and swing. Berlin grew up in a musical family in Cambridge, starting as a cello player at age 7. He talked his way into a regular big-band gig as a newly christened bass player in high school. Tendinitis derailed his dream of being a full-time musician so he followed his father's path into a legal career, first working with his dad Jerry Berlin at his small firm, and then joining Rubin and Rudman in 2001. Advertisement He does see some overlap: In law and in music, he said, you have to be willing to engage with new material and people, and keep an open mind. Advertisement When he tours, he does his legal work in hotel rooms or in the passenger seat of a vehicle heading to the next gig, and takes the occasional call to authorize a wire transfer during soundchecks. 'My friend calls me an adrenaline junkie,' Berlin said. 'It's very intense to play music at a high level [but] it's an intensity that I enjoy and I crave.' And there's the added benefit of meeting people from all walks of life, while learning an American songbook that doubles as an audio alternative to a history book. 'It gives insight to all the different layers of American culture and experience,' Berlin added, 'that I wouldn't have standing here in my office looking out of a 15th story window.' For Rivers, this deal is personal Bob Rivers, CEO of Eastern Bank, poses for a portrait in his Boston office in 2020. Blake Nissen/The Boston Globe As Eastern Bank 's top executive, Bob Rivers has engineered many acquisitions over the years. This one, though, Rivers says, is personal: Eastern has reached a deal worth nearly $500 million in stock and cash to acquire HarborOne Bank , whose Brockton headquarters is a stone's throw from where Rivers grew up (Stoughton) and where he went to college ( Stonehill , in Easton). 'I went into Brockton way more often than I would go to Boston,' said Rivers, Eastern's executive chair. 'To come back on this one ties a lot of things together from 40 years ago.' Of course, that's not the reason Rivers is doing this deal. Acquiring HarborOne helps Eastern build market share in the Boston metro area as Rivers and his team seek to move ahead of Santander to become the region's third biggest bank after market leader Bank of America and runner up Citizens Bank . Eastern won't get there with this deal, but it's getting closer. Advertisement While HarborOne is a much smaller bank, at roughly one-quarter of Eastern's size ($5.7 billion in assets versus $25 billion), HarborOne has a larger mortgage selling business than Eastern. And Eastern gets its first retail branches in Rhode Island. Rivers and HarborOne chief executive Joe Casey stayed in touch over the years, and started talking about a merger a few months ago. They stuck with it despite the stock market's recent volatility. (Casey and one other HarborOne director will join Eastern's board as the deal closes, likely around the end of this year.) Rivers started working on this deal around six months after Eastern completed its purchase of Cambridge Trust ― an unusually quick turnaround. Rivers concedes he would have preferred to wait a little longer. But opportunities don't come up often in this region, even amid the flurry of M&A the local banking sector is experiencing. Rivers believed he needed to strike when he could. 'When you get that opportunity, you've got to do everything you can to make it happen,' Rivers said. 'Once they're gone, they're gone.' Seeing green at UMass As the federal government cuts back funds for university research and addressing climate change, Marty Meehan hopes the UMass system can pick up some of the slack. In his annual 'State of the University' address, University of Massachusetts president focused on what UMass can do to help accelerate the Healey administration goals of ensuring this state flourishes as a hub for climate-tech innovation and economic development. During the roughly eight-minute speech, Meehan explained that he's asked chancellors at the five UMass campuses to develop economic development strategies that align with the state's climate-tech goals, including those subsidized in the Legislature's latest economic development bill. Advertisement 'UMass ... will be the engine that drives the state's economic ambitions, as we've been for 160 years,' Meehan said in the address. Meehan talked about some specific efforts that are already underway: climate resiliency research at UMass Boston 's Stone Living Lab, UMass Dartmouth's work on sustainable fisheries, and water treatment and purification research at UMass Amherst . He also mentioned the importance of global partnerships, singling out the Clean Energy & Environment Legacy Transition Initiative that UMass Lowell and Boston University are working on with university partners in Ireland, as well as UMass Boston chancellor Marcelo Suárez-Orozco 's efforts with the Vatican Climate Summit last year. 'There's no question that the federal government is trying to take us back with regard to climate change,' Meehan said. '[But] I would argue that climate change is the existential threat of our time. ... Our goal is to position UMass to be the partner of choice for state government, the private sector in Massachusetts, and also globally.' Learning leadership starts early Jean Hynes, CEO of Wellington Management, pictured in 2020 David L. Ryan/Globe Staff While Jean Hynes is now one of the most prominent women in the mutual fund industry, she credits at least some of her success to where she went to high school. She rose up the ranks of Wellington Management over three decades at the Boston fund giant, to become the first woman to be named its CEO, in 2020. Along the way, she never forgot the lessons she learned at Fontbonne Academy , the all-girl Catholic school in Milton. And at a March 29 fundraiser at the Four Points by Sheraton hotel in Norwood, she helped headline an event that raised more than $400,000 for Fontbonne scholarships. Advertisement 'Whether it was the math team, or whether it was community service organizations, those kinds of things, they're just opportunities to have those small leadership moments,' Hynes said. 'It just gave me the confidence that you could be a leader, very early in my journey in life.' Hynes was one of three Fontbonne alums to be honored at the gala, along with Melissa Nelson , chief midwife at Mass. General Hospital , and Arielle Gaines , a teacher at the Match Community Day school in Hyde Park. The fund-raising gala drew some 400 people. Fontbonne previously held this event every 10 years but this one, recognizing the school's 70th anniversary, was such a success that the school will now make it an annual event. (In other years, the school would hold smaller fund-raising dinners.) 'When you're engaging with people and you care about what they're investing in, … that to me is the perfect role model for our 'servant leadership' that we teach here at Fontbonne,' said Maura Spignesi , Fontbonne's head of school. 'You're achieving things in your own life but how do you now turn around and do good in the world? I think Jean does good in the world, both in how she leads and how she gives back to the community.' Jon Chesto can be reached at
