Eastern Bank is a Boston-based financial institution. It was the oldest and biggest mutual bank in the United States and the largest community bank in Massachusetts before demutualizing in 2020. Eastern had a 3.2 percent market share in Massachusetts in 2016 with 95 branches. It began in Salem in 1818 and later relocated to Lynn, Massachusetts. Near the end of the 1990s, the firm launched an ambitious growth effort and relocated its headquarters to Boston’s Financial District. Eastern Bank stated in 2020 that it would demutualize and become a publicly listed company.
Eastern Bank
Eastern Bank began as Salem Savings Bank on April 15, 1818, and on October 1, 1983, it became insured by the Federal Deposit Insurance Corporation. Parent of Eastern Savings Bank, Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank and reformed it as a mutual holding company on October 19, 1989, making it Massachusetts’ first of its type.
It acquired other local banks in the years following its reformation. Shore Bank And Trust Company, Malden Trust Company (Malden, May 1992), First Colonial Bank For Savings, and Saugus Bank And Trust Company were among them. Eastern Bank announced a merger with The Community Bank, a $300 million cooperative mutual bank with five branches in southeastern Massachusetts, in July 2012. The two banks’ mutual merger, which included the conversion to Eastern, was completed on November 30, 2012, and it was Eastern’s fifth mutual merger.
Online Eastern Bank
Online banking allows you to access your accounts from anywhere with an Internet connection. You may bank with confidence since the information sent between your computer and Eastern Bank is encrypted.
Eastern Bank Login
Step1: Visit the Official Website of the Eastern Bank.
Step2: Click on the “Login” button at the right-top corner of the website.
Step3: As you click on the “Login” button, a popup will open where you have to enter your Online Banking Username and then click on the “Login” button.
Step4: Here you have to enter your Password and then click on the “Sign In” button.
How to Recover Forgotten Username or Password
In case you forget your password or log in, the Eastern Bank website makes it easy to recover them.
For forgotten username
Step1: Visit the Official Website of the Eastern Bank.
Step2: Click on the “Login” button at the right-top corner of the website.
Step3: As you click on the “Login” button, a popup will open, here you just have to enter any random username and click on the “Login” button.
Step4: Here you have to click on the “Forgot Username?” link.
Step5: You’ll need to enter your Account Number, Email address, Last four digits of SSN and then click on the “Submit” button.
For forgotten passwords
You can reset your password if you forgot it by following these steps:
Step1: Visit the Official Website of the Eastern Bank.
Step2: Click on the “Login” button at the right-top corner of the website.
Step3: As you click on the “Login” button, a popup will open where you have to enter your Online Banking Username and then click on the “Login” button.
Step4: Click on the “Forgot Password?” link next to the password field.
Step5: Now, again enter your Username and click on the “Continue” button.
Features of Online Eastern Bank
The following functions are available online banking and bill paying.
- Account balances and banking activities can be viewed.
- Pay your bills online.
- Transfer money between Eastern Bank accounts and other financial institutions’ accounts.
- View photos of the front and back of checks you’ve written.
- Account statements are sent to you electronically.
- Use email or text notifications to be aware of key happenings.
- As long as you have an internet connection, you may access online banking at any time. Some online banks, such as Ally Bank, go even farther by providing you with 24/7 phone access to a live customer support representative. If you don’t have access to the internet or believe you need the support of a human brain rather than a computer algorithm, this can be quite useful.
- You’ll have to wait in line at a brick-and-mortar bank if you need to transfer money, apply for a new loan, or complete practically any other financial operation. There’s no need to wait with an online bank. By logging into your account, you can check your accounts, apply for a new credit card, and do practically any financial activity you desire without driving down to the bank or waiting in line.
Eastern Mobile Banking.
The goal at Eastern Bank is to make our clients’ financial life easier. That’s why, when you create an account with us, you’ll have access to our mobile app and internet banking, both of which are jam-packed with useful features that allow you to access your accounts from anywhere.
Features:
- With Zellesuper script, you can now transfer money to friends and relatives quickly and easily.
- You can now ask Alexa to check your balance, locate the nearest ATM, and more.
- Eastern Give For Good: Make a one-time or recurring donation to your chosen charity.
- Examine Account Information: You can simply view account balances and banking activities thanks to the improved navigation.
- Secure, Simple Login: Use your finger or face recognition to log into the mobile app.
- Account Statement Views: Simplified for quick skimming or detailed for all the information.
- Controls for Debit Cards: Activate new cards, alter your PIN, and update your limitations.
- Manage your funds on the move with Bill Pay & Transfers.
- Mobile Deposit allows you to deposit checks from anywhere at any time.
Advantages of Eastern Bank
- Harvard Pilgrim Health Care offers medical insurance.
- Delta Dental EyeMed Vision Care insurance provides dental coverage.
- Benefits for domestic partners
- Medical, dependent care, and adoption of flexible spending accounts
- Weight Watchers Program Subsidies
- Smoking cessation programs
- Discounts at other sites and use of the on-site fitness center in Lynn
- Health, financial well-being, and mindfulness are all part of a comprehensive wellness program.
Eastern Bank Contact Details
Eastern Bank Customer Support Number
1-800-333-8000
Eastern Bank Mailing Address
Eastern Bank
Customer Service Center
P.O. Box 391
Lynn, Massachusetts 01903-0491
Eastern Bank Information
Bank’s Website: www.easternbank.com
Routing Number: 011301798
Swift Code: See Details
Phone Number: 1-800-333-8000
Similar Bank Login
- Wells Fargo Bank
- Huntington Bank
- Citizens Bank
- Fifth Third Bank
- Truist Bank
- Commerce Bank
- Flagstar Bank
- Associated Bank
- SouthState Bank
- Banner Bank
- Chase Bank
- HSA Bank
- Ameris Bank
- Frost Bank
Frequently Asked Questions (FAQs)
Question: Is Eastern Bank a legitimate financial institution?
Answer: They have evolved from a modest savings bank to a full-service commercial bank to meet your financial needs, having been founded in 1818 and headquartered in Boston. Prudent management and well-timed acquisitions allowed them to evolve from modest savings banks into full-service commercial banks that serve your financial needs.
Question: Is Eastern Bank merging with another bank?
Answer: Eastern and Century announced on April 7, 2021, that they have reached a comprehensive merger agreement. Century’s shareholders accepted the agreement and merger proposal on July 7, 2021. The merger is intended to strengthen Eastern’s position as the Boston and Eastern Massachusetts market leader.
Question: Who is the owner of Eastern Bank?
Answer: Eastern Bank Corporation
Question: How can I check the amount of my Eastern Bank account?
Answer: You can reach our Account Information Line by dialing 1-800-EASTERN (327-8376). From there, you can: Find out how much money is in your account and how much interest has been paid. Examine the last ten deposits and cheques you’ve received (within a 90-day period).
Leave a Reply