eastern bancshares inc

Allegheny Bancshares, Inc. Appalachian Financial Corporation Big Coal River Bancorp, Inc. Calhoun Bankshares, Inc. Citizens Bancshares, Inc. Citizens Financial Corp. Search our database of Eastern Bankshares, Inc… Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. “Both organizations are highly respected as leaders in the community, and we believe Eastern’s focus on innovation and technology will help to further ensure Century customers have greater access to banking products and services that meet their needs where and when they need them.”. This represents a dividend yield of 1.78%. These web addresses are included as inactive textual references only. Pinterest. Eastern expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of Eastern’s Board of Directors. WhatsApp. Piper Sandler & Co. served as financial advisor and Goodwin Procter LLP provided legal counsel to Century.Dividend Announcement, Eastern’s Board of Directors declared a quarterly cash dividend of $0.08 per common share, payable on June 15, 2021, to shareholders of record as of the close of business on June 3, 2021. 781-598-7847 This press release contains forward-looking statements. Century’s directors and executive officers and certain of their affiliates have agreed to vote in favor of the merger. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Eastern Bankshares, Inc. (1810546) SEC Filing 8-K Material Event for the period ending Friday, August 21, 2020 Eastern Bankshares, Inc. and Century Bancorp, Inc. Eastern Bankshares, Inc. 265 Franklin Street. InvestorRelations@easternbank.com Eastern Bankshares, Inc. may not declare or pay a cash dividend on, or repurchase any of, its capital stock if the effect thereof would cause its net worth to be reduced below (i) the amount required for the Liquidation Account or (ii) the regulatory capital requirements of Eastern Bankshares, Inc. … Email Enter Into Definitive Agreement To Merge April 7, 2021. You May Also Be Interested In UPDATE: Truist Securities Starts Veracyte, Inc (VCYT) at Buy, "Long runway to further penetrate the market' Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Bob Rivers commented, “Our pro forma capital levels remain robust post-merger and we remain ready to continue to strategically deploy our capital and deliver shareholder value. Detailed company description & address for Eastern Bankshares Inc.. Century shareholders may obtain a free copy of the merger proxy statement (when available) at Century’s website at centurybank.com or by directing a request to Century Bancorp, Inc., 400 Mystic Avenue, Medford, MA 02155, attention: Secretary.Participants in Solicitation. Eastern also announced a 33% increase to its quarterly dividend to $0.08 per share as part of its overall capital management strategy. View Eastern Bankshares, Inc. EBC investment & stock information. These forward-looking statements are also subject to the risks and uncertainties applicable to our businesses generally that are disclosed in Eastern’s and Century’s 2020 Annual Reports on Form 10-K. Eastern’s and Century’s SEC filings are accessible on the SEC's website at www.sec.gov and on their respective corporate websites at investor.easternbank.com and investors.centurybank.com. You can unlock it all now. For any forward-looking statements made in this press release, Eastern and Century claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. East West Bancorp, Inc. is a bank holding company. Eastern Virginia Bankshares, Inc. price history. Except as required by law, each company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on those statements as representing either company’s views as of any date subsequent to the date hereof. In addition, a company’s management’s methodology for calculating a non-GAAP financial measure may differ from the methodologies employed by other banking companies to calculate the same or similar performance measures, and accordingly, a company’s reported non-GAAP financial measure may not be comparable to the same or similar performance measures reported by other banking companies. Eastern expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of Eastern’s Board of Directors. Key Highlights: Merger creates $22 billion combined franchise and solidifies Eastern’s leading position in Boston and Eastern Massachusetts ; Financially compelling transaction with 55% EPS accretion on a fully synergized basis Eastern takes pride in its outspoken advocacy and community support that includes $240 million in charitable giving since 1994. Under terms of the merger agreement, which has been unanimously approved by both boards of directors, Century shareholders will receive $115.28 in cash for each share of Century Bancorp, Inc.’s common stock. 781-598-7920, Media contact: Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction and a description of their direct and indirect interests, by security holdings or otherwise, may be obtained, with respect to Eastern, by reading Eastern’s April 1, 2021 proxy statement for its 2021 annual meeting of shareholders filed by Eastern with the Securities and Exchange Commission on April 1, 2021 and other relevant documents regarding the proposed merger to be filed with the Securities and Exchange Commission, and, with respect to Century, by reading the Annual Report on Form 10-K filed by Century with the Securities and Exchange Commission on March 10, 2021 and other relevant documents regarding the proposed merger to be filed with the Securities and Exchange Commission. An item which a company’s management considers to be non-core and excludes when computing this non-GAAP financial measure can be of substantial importance to such company’s results for any particular period. The company’s wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in southern California. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support CENTURY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CENTURY BANCORP, INC.IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CNBKA April 8, 2021. It was founded in 1973 in Los Angeles to serve the Chinese American community in Southern California. An inclusive company, Eastern employs approximately 1,900 deeply committed professionals who value relationships with their customers, colleagues, and communities. Eastern Bankshares, Inc. is a bank holding company of Eastern Bank. Bob Rivers commented, “Our pro forma capital levels remain robust post-merger and we remain ready to continue to strategically deploy our capital and deliver shareholder value. New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Century Bancorp, Inc. (NASDAQ: CNBKA) to Eastern Bankshares, Inc… The Rating Outlook … Century shareholders may obtain a free copy of the merger proxy statement (when available) at Century’s website at centurybank.com or by directing a request to Century Bancorp, Inc., 400 Mystic Avenue, Medford, MA 02155, attention: Secretary. As of December 31, 2020, Eastern Bank had approximately $16 billion in total assets. Eastern Bancshares, Inc 105 N High St Romney WV 26757. 781-598-7847, Investor and Media Contact:Barry R. Sloane, Chairman, President & CEOBSloane@CenturyBank.com781-393-4150, Mobile-friendly financial assistant built for (and by) business leaders like you, Update for Business Customers - Paycheck Protection Program and Loan Forgiveness, Protect the things you have and the people you love, Eastern Bankshares, Inc. and Century Bancorp, Inc. This non-GAAP financial measure should not be considered an alternative or substitute for financial results or measures determined in accordance with GAAP. “We are excited for the opportunities this agreement creates and believe our combination will deepen our reach in providing banking services and other support to communities across Greater Boston and southern New Hampshire.”, “Our complementary business models and shared values make this partnership a natural fit,” said Barry R. Sloane, Chairman, President & CEO of Century Bank. Edit Profile. Additional Information and Where to Find It. This press release is not a solicitation of any vote or approval of Century shareholders and is not a substitute for the proxy statement or any other documents which Century may send to its shareholders in connection with the proposed merger. The latest dividend was paid out to all shareholders who bought their shares by 1 March 2021 (the "ex-dividend date"). A replay of the webcast will be made available on demand on this site. Robert Rivers, CEO and Chair of the Board, and James Fitzgerald, Chief Administrative Officer, Chief Financial Officer and Treasurer, will hold a conference call for investors on April 8, 2021 at 10:00 a.m. Eastern Time to discuss the transaction. a.goodman@easternbank.com East West Bancorp, Inc. (NASDAQ:EWBC) declared a dividend on Friday, April 23rd. Branches are located in Allston, Andover, Beverly, Boston, Braintree, Brookline, Burlington, Cambridge, Everett, Lynn, Malden, Medford, Newton, Peabody, Quincy, Salem, Somerville, Wellesley, Winchester and Woburn. Andrea Goodman It operates through the Banking and Insurance Agency segments. How have the shares performed? An investor presentation with an overview of the proposed transaction will be available on Eastern’s Investor Relations website at investor.easternbank.com. Eastern Bankshares Inc. company facts, information and financial ratios from MarketWatch. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Eastern and Century and their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies of Century shareholders in connection with the proposed transaction. For a reconciliation of Century’s tangible book value to its total stockholders’ equity, please see the table at the end of this press release. Fitch Ratings - Chicago - 18 May 2021: Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings (IDR) of East West Bancorp, Inc. (EWBC) and its operating subsidiary, East West Bank, at 'BBB' and 'F2', respectively. Participants should reference conference ID: 2198784 and join 10 minutes before the scheduled start of the call. This press release is not a solicitation of any vote or approval of Century shareholders and is not a substitute for the proxy statement or any other documents which Century may send to its shareholders in connection with the proposed merger. Information on these websites is not part of this document. BSloane@CenturyBank.com Piper Sandler & Co. served as financial advisor and Goodwin Procter LLP provided legal counsel to Century. Northwest Bank, a subsidiary of Northwest Bancshares, Inc., has operating units that use the Northwest Bank owned trade, logo and/or services marks “Northwest Investment Services” to provide investment, wealth management and insurance service. View real-time stock prices and stock quotes for a full financial overview. About This Place Find Related Places. This in-market transaction comes less than six months after Eastern’s initial public offering that raised approximately $1.7 billion in equity capital. For any forward-looking statements made in this press release, Eastern and Century claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. It operates in two segments namely, banking and insurance agency operations. Reviews (870) 633-3112 Website. Eastern Bankshares, Inc. is the stock holding company for Eastern Bank. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.Additional Information and Where to Find It, This press release is not a solicitation of any vote or approval of Century shareholders and is not a substitute for the proxy statement or any other documents which Century may send to its shareholders in connection with the proposed merger.

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