Eastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset Sale

BOSTON, October 31, 2023--Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank’s insurance operations, which conduct business under the name Eastern Insurance Group LLC ("Eastern Insurance"), to Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher").

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