East Boston Savings Bank

Our records indicate that this bank has been acquired by Rockland Trust Company.

For information concerning EBSB Direct online bank, please click here.

East Boston Savings Bank is an FDIC insured institution headquartered at 10 Meridian St, Boston, MA 02128.
It was founded in 1991 and has approximately $6 billion in assets. Customers can open an account at one of its 34 branches.

Deposit Rates - March 29, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33510
Date Established 1991
Assets $ 6.29 billion
Loans $ 4.85 billion
Deposits $ 4.73 billion
Capital $ 762.78 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,052.55 million
Interest-bearing balances $ 1,017.08 million
Total securities $ 9.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.85 billion
Loan loss allowance $ 60.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 21.75 million
All other assets $ 128.26 million
     Total Assets $ 5.36 billion

LIABILITIES
Total deposits $ 4.73 billion
      Interest-bearing deposits $ 3.91 billion
      Deposits held in domestic offices $ 4.73 billion
      % insured (estimated) 76.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 560.63 million
Subordinated debt N.A.
All other liabilities $ 73.68 millionn
      Total Liabilities $ 5.36 billion
      Shareholders’ Equity $ 921.60 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 167.70 million
Total Interest Expense $ 24.00 million
Net interest income $ 143.70 million
Provision for loan and lease losses N.A.
Total non interest income $ 8.97 million
Total non interest expense $ 77.75 million
Pre-tax Net Operating Income $ 79.19 million

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