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Working At Eastern Bank

Zippia Score 4.6

Eastern Bank overview

Eastern Bank is the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts.
The staff at Eastern Bank come from unusually diverse demographic backgrounds. The company is 55.6% female and 37.3% ethnic minorities. Eastern Bank employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 62.5% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Eastern Bank seem to be happy. The company has great employee retention with staff members usually staying for 3.2 years. The average employee at Eastern Bank makes $63,226 per year. In comparison, some of its highest paying competitors, like Citizens Financial Group, Webster Bank, and Provident Bank, pay $68,229, $67,386, and $65,650, respectively.
Based in Boston, Massachusetts, Eastern Bank is a key player in the finance industry with 1,635 employees and an annual revenue of $693.2M.

The Organization’s Mission

To provide banking to prudent and industrious people of modest means.

Industry

Banks

Revenue

$693.2M

Employees

1,635

Founded in

1818

Headquarters

Boston, MA

Website

easternbank.com

Website

easternbank.com

Organization Type

Private

Is This Your Company?

The team at Eastern Bank

Key People
  • Robert Rivers (ceo)

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Eastern Bank Rankings

Eastern Bank is ranked #9 on the Best Finance Companies to Work For in Massachusetts list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Eastern Bank Salaries

How much does Eastern Bank pay?
The national average salary for an Eastern Bank employee in the United States is $63,226 per year. Employees in the top 10 percent can make over $125,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year.
9.1
Salary Score
Average Employee Earnings

Eastern Bank Salaries By Job Title

While the average employee salary at Eastern Bank is $63,226, there is a big variation in pay depending on the role. Some of the positions that earn high wages at Eastern Bank include Bank Specialist, Fraud Investigator, Hris Manager, and Operations Associate. A worker with the title Bank Specialist salary at Eastern Bank can earn an average yearly salary of $112,829. Other roles at Eastern Bank include Teller and Senior Customer Service Representative. A Teller at Eastern Bank earns an average yearly salary of $33,690.

Eastern Bank careers

On average, employees at Eastern Bank stay with the company for 3.2 years. Employees most commonly join Eastern Bank after leaving Citizens Financial Group. When they leave Eastern Bank, they most frequently get their next job at Bank of America.

Average Length of Employment

Eastern Bank

3.2 years
Top Employers Before Eastern Bank
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Eastern Bank Employee Political Affiliation

0

Employee Political Donations

NameDonation
Julianne LindsayBanker
$5,951Republican Party
Terence McGinnisAttorney
$2,250Republican Party
Richard HolbrookBanker
$2,000Democratic Party
Joseph ReillyBanker
$2,000Republican Party
Bob RiversBanker
$2,000Democratic Party
Robert RiversBanker
$1,750Democratic Party
JOE ReillyBanker
$1,500Republican Party
Paul AlexanderChief Marketing Officer
$1,375Democratic Party
Gary LeachBanker
$1,000Democratic Party
Lloyd HammExecutive
$1,000Republican Party
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Eastern Bank Financial Performance

8.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1818

Organization type

Private

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Eastern Bank Competitors

Some of the competitors of Eastern Bank are Citizens Financial Group, Webster Bank, and Provident Bank. Employees at Citizens Financial Group earn more than most of the competition, with an average yearly salary of $68,229. The salaries at Webster Bank average $67,386 per year, and the salaries at Provident Bank come in at $65,650 per year.

Frequently Asked Questions about Eastern Bank

When was Eastern Bank founded?

Eastern Bank was founded in 1818.

How many Employees does Eastern Bank have?

Eastern Bank has 1,635 employees.

How much money does Eastern Bank make?

Eastern Bank generates $693.2M in revenue.

What industry is Eastern Bank in?

Eastern Bank is in the banks industry.

What is Eastern Bank's mission?

Eastern Bank's mission statement is "To provide banking to prudent and industrious people of modest means."

What type of company is Eastern Bank?

Eastern Bank is a private company.

Who are Eastern Bank's competitors?

Eastern Bank competitors include Independent Bank Corp, Middlesex Savings Bank, Prosperity Bancshares Inc., BancorpSouth, IBERIABANK, Associated Banc-Corp, Citizens Financial Group, American Savings Bank, Arvest Bank, America First Credit Union, Lafayette Bank & Trust Company, Pinnacle Bank, TD Bank NA, Century Bank, Webster Bank, MERCHANTS BANK JACKSON AL, Provident Bank, Apple Bank for Savings, Desert Schools Federal Credit Union, Bank of Hawaii.

Who works at Eastern Bank?

Robert Rivers (ceo)

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You can find out what it is like to work at Eastern Bank, also known as EASTERN BANK, Eastern Bank and Eastern Bank Corporation.

Zippia gives an in-depth look into the details of Eastern Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Eastern Bank. The employee data is based on information from people who have self-reported their past or current employments at Eastern Bank. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Eastern Bank and its employees or that of Zippia.