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Eastern-Century deal could put Boston back on the banking map
Finally, a locally based retail bank with considerable heft is emerging, following Eastern’s 2020 IPO
By Jon Chesto Globe Staff,Updated April 8, 2021, 1 hour ago
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Eastern chief executive Bob Rivers has made no secret of his desire to buy up smaller banks.Blake Nissen/The Boston Globe
For nearly two decades, the musical chairs of deal-making in the financial industry left Boston without a major independent bank to call its own.
That may soon change, starting potentially with Eastern Bank’s $642 million acquisition of rival Century Bank announced late Wednesday. The deal would be Eastern’s first bank acquisition since it converted from a mutually owned bank to a public company in October, and its largest by far. ....

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