Eastern Bank CEO to retire

February 2, 2016


Eastern Bank Corporation today announced that Richard E. Holbrook, Chairman and Chief Executive Officer of Eastern Bank and Eastern Bank Corporation since 2007, will retire on December 31, 2016, the bank announced in a statement released Tuesday morning.

Holbrook’s retirement concludes more than two decades of leadership during which the company grew more than five times in total assets, more than tripled its number of locations, successfully entered insurance brokerage and several other businesses, and significantly expanded its geographic footprint beyond the North Shore of Boston to one that reaches southern New Hampshire and Cape Cod.