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Eastern Bank to Acquire Century Bank for $642M

The two companies announced the agreement in a press release late Wednesday By Greg Ryan • Boston Business Journal Eastern Bank’s parent company has agreed to acquire Century Bank’s parent in an all-cash deal valued at $642 million, a transaction that would bring together two of the region’s largest lenders just months after Eastern went public. The two companies announced the agreement in a press release late Wednesday. An investor call is scheduled to be held Thursday morning. Download our mobile app for iOS or Android to get alerts for local breaking news and weather. The acquisition, if approved, would bring Eastern to over $22 billion in assets. It is already the largest independent Massachusetts-based bank, and the deal would only expand the gap between Eastern and competitors like Rockland Trust and Berkshire Bank.

United statesBerkshire bankEastern bankDeposit insurance corpCentury bankRockland trustFederal deposit insuranceஒன்றுபட்டது மாநிலங்களில்பெர்க்ஷயர் வங்கிகிழக்கு வங்கிவைப்பு காப்பீடு கார்ப்சிஇஎன்டியுவ்ஆர்ஒய் வங்கிராக்லேண்ட் நம்பிக்கைகூட்டாட்சியின் வைப்பு காப்பீடு

Eastern Bank, Century Bank announce $642M merger agreement

Eastern Bank, Century Bank announce ï»¿$642M merger agreement Deal expected to close before end of year Share Updated: 10:23 AM EDT Apr 8, 2021 Eastern Bank, Century Bank announce ï»¿$642M merger agreement Deal expected to close before end of year Share Updated: 10:23 AM EDT Apr 8, 2021 Hide Transcript Show Transcript PERIOD EXTENDS UNTIL THE END OF APRIL. ANTOINETTE: A BLOCKBUSTER BANK ACQUISITION. BOSTON-BASED EASTERN BANK WILL ACQUIRE MEDFORD-BASED CENTURY BANK AND TRUST IN A $642 MILLION DEAL. EASTERN BANK WENT PUBLIC IN OCTOBER. THE DEAL COMBINES TWO OF THE LARGEST COMMU TRACKING THE COVID-19 VACCINE Deal expected to close before end of year Share Updated: 10:23 AM EDT Apr 8, 2021

United statesNew hampshireBarryr sloaneBob riversEastern bankCountry bankCentury bankEastern bank ourBoard of eastern bankshares incTwo massachusettsGreater bostonChief executive officerEastern banksharesCentury bank accordingஒன்றுபட்டது மாநிலங்களில்புதியது ஹாம்ப்ஷயர்

Century Bancorp Leaps on Deal to Be Bought by Eastern Bankshares

Century Bancorp Leaps on Deal to Be Bought by Eastern Bankshares Eastern Bankshares, which went public in October, agreed to pay $115.28 a share, or $642 million, for Century Bancorp. Author: Apr 8, 2021 11:29 AM EDT Eastern Bankshares EBC, the Boston bank-holding company that went public in October, agreed to pay $115.28 a share cash, or $642 million, for Century Bancorp. The accord boosted the shares of Century Bancorp, Medford, Mass. At last check they were 25% higher at $114.15. Eastern Bankshares was off 1.6% at $18.90 a share. Eastern Bankshares operates Eastern Bank. Century Bancorp is the parent of Century Bank & Trust Co. Eastern also lifted its quarterly dividend by a third to 8 cents a share, payable June 15 to holders of record June 3.

United statesNew hampshirePiper sandlerBob riversCentury bank trust coEastern bankCentury bancorpCentury bankEastern banksharesஒன்றுபட்டது மாநிலங்களில்புதியது ஹாம்ப்ஷயர்பைபர் சாண்ட்லர்பாப் ஆறுகள்சிஇஎன்டியுவ்ஆர்ஒய் வங்கி நம்பிக்கை இணைகிழக்கு வங்கிசிஇஎன்டியுவ்ஆர்ஒய் பேன்கார்ப்

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bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Building permits retract after stellar January

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