East Boston Savings Bank Profile and Information

East Boston Savings Bank was founded in 1848, making it one of the oldest savings banks in the United States.

It has a long history of serving the community, with a focus on providing financial services to individuals and families.

East Boston Savings Bank has a strong presence in the Northeast, with multiple branches and ATMs located throughout the region.

The bank's commitment to community development is evident in its efforts to support local businesses and initiatives.

East Boston Savings Bank was a Massachusetts-chartered stock savings bank founded in 1848.

The company operated as a public company, traded on the Nasdaq under the symbol EBSB, and was part of the financial services industry.

East Boston Savings Bank had a wide reach with 39 locations across the area, and its headquarters was located in Peabody, Massachusetts.

Its key personnel included Richard J. Gavegnano, who served as President, CEO, and Chairman.

Here are some key financial figures from 2018:

If you're looking for information about bank leadership, let's start with the Vice President. Thomas Chatellier is the Vice President of East Boston Savings Bank.

You can find information about bank officials by looking at the bank's official website or by checking with the bank directly.

SIC Code is a system used to classify businesses by type. The SIC code for East Boston Savings Bank is 60, with a more specific code of 603.

SIC codes can be quite specific, like 603, while others are more general, like 60. This helps banks like East Boston Savings Bank to be categorized accurately.

The annual revenue of a bank is a crucial metric that indicates the total amount of money it generates from its operations in a year.

East Boston Savings Bank's annual revenue was a significant $119 million in 2025.

Having a high annual revenue doesn't necessarily mean a bank is profitable, but it does indicate a strong financial performance.

East Boston Savings Bank's annual revenue gives us a glimpse into its financial health and stability.

East Boston Savings Bank has been involved in several mergers and acquisitions throughout its history.

The bank's first merger occurred in 1999 with the acquisition of the Savings Bank of Somerville.

This merger allowed East Boston Savings Bank to expand its customer base and increase its market share.

In 2007, the bank merged with the Community Bank of Essex County.

This merger further solidified East Boston Savings Bank's position in the Massachusetts market.

The bank's most recent merger was with Century Bank and Trust in 2019.

This acquisition marked a significant milestone for East Boston Savings Bank, allowing it to become one of the largest community banks in Massachusetts.