Company Overview of East Boston Savings Bank
East Boston Savings Bank, a chartered stock savings bank, provides deposit and loan products to individuals and businesses in Essex, Middlesex, and Suffolk Counties. It offers consumer banking services, including Internet banking, checking, savings solutions, certificates of deposit, and individual retirement accounts; and business banking services, including business Internet banking, business deposit services, cash management, individual retirement accounts, and depository services. It also provides lending center services, including Internet lending, mortgages, reverse mortgages, consumer lending, and commercial lending; and investment services, including equities and fixed income, mutual...
67 Prospect Street
Peabody, MA 01960-1604
Founded in 1848
Key Executives for East Boston Savings Bank
President and Chief Operating Officer
Chief Information Officer and Senior Vice President
Vice President of Compliance and Community Reinvestment Act Officer
Compensation as of Fiscal Year 2013.
East Boston Savings Bank Key Developments
East Boston Savings Bank Announces Management Promotions
Feb 5 13
East Boston Savings Bank has promoted Paul Cheremka to vice president/CRE lending, Alba Medina to assistant vice president/CRE lending, and Kristen Ciulla to vice president loan administrator. Mr. Cheremka joined EBSB in 2001 as a mortgage originator later transitioning to commercial real estate lending where he excelled and was promoted to assistant vice president. Mr. Cheremka is based out of the Everett Branch where he is an active member in the Everett Chamber of Commerce. Ms. Medina joined the commercial real estate lending team in 2007 as a commercial loan officer. Ms. Ciulla joined EBSB in 1995 as a teller. She later transitioned into the commercial real estate department as a commercial loan assistant and where she was promoted to assistant vice president in 2012. She oversees the compliance regulations for the commercial real estate division.
East Boston Savings Bank Appoints John Carroll as New Chief Information Officer
Feb 10 12
East Boston Savings Bank has appointed John Carroll as chief information officer. As the CIO, John will direct and manage computing and information technology strategic plans, policies, programs and schedules for business and finance data processing, computer services, network communications, and management information services to accomplish corporate goals and objectives. He will also participate in positioning the bank strategically to comply with all regulatory requirements both existing and emerging while closely following Bank policies and procedures as well as banking laws and regulations. Mr. Carroll joins with over 12 years in banking experience recently working at Danversbank as the SVP, Operations Technology where he was responsible for the bank's Information Technology, Data Processing and Electronic Banking.
Federal Deposit Insurance Corporation Issues Order to Pay Civil Money Penalty to East Boston Savings Bank
Jan 27 12
East Boston Savings Bank and a representative of the Legal Division of Federal Deposit Insurance Corporation (FDIC) executed a Stipulation and Consent to the Issuance of an Order to Pay Civil Money Penalty dated October 25, 2011, whereby the Bank, solely for the purpose of this proceeding and without admitting or denying any violations of law, rule, or regulation, consented and agreed to pay a civil money penalty in the amount specified below to the Treasury of the United States. The FDIC considered the matter and determined that the Bank violated the prohibition against unfair and deceptive acts or practices found in Section 5 of the Federal Trade Commission Act (15 U.S.C. § 45(a)(l)) and Regulation DD of the Board of Governors of the Federal Reserve System, 12 C.F.R. Part 230, in the Bank's implementation of its overdraft program. After taking into account the Stipulation, the appropriateness of the penalty with respect to the financial resources and good faith of the Bank, the gravity of the conduct of the Bank, the history of previous conduct by the Bank, the reimbursement provided to affected consumers by the Bank, and such other matters as justice may require, the FDIC accepts the Stipulation.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|