Q. What is the history of East Boston Savings Bank?
A. East Boston Savings Bank has operated under the same name since holding its first meeting of incorporation on October 4, 1848. On January 17, 1849, the first official business day of the Bank, 57 people deposited $2,999.00 at the Bank's Maverick Square Office, since then the bank has grown to nearly $1 billion in assets. Most of that growth has been achieved under the bank's current senior management team.

On September 1, 1991 East Boston Savings Bank became a stock savings bank and a wholly owned subsidiary of Meridian Mutual Holding Company, now known as Meridian Financial Services.

To read more about EBSB, click on the following link: www.ebsb.com/about_ebsb.cfm

Q.What is a Mutual Holding Company and why is it important to me?
A. While East Boston Saving Bank is organized as a stock bank, all stock is held by Meridian Financial Services, Inc., our parent mutual holding company. We operate like a mutual bank. Unlike stock banks, which are owned by share holders, East Boston Savings Bank is essentially owned by its depositors. The benefits of being a mutual organization include increased stability by preventing hostile takeovers and allowing the company to have a longer term focus on strategic planning and financial performance. Being a mutual bank is a key to East Boston Savings Bank maintaining its independence and controlling its future.

Q.Where are the branches located?
A. Boston and Boston North:
East Boston (3 branches)
Everett
Lynn
Melrose
Peabody
Saugus (2 branches)
Revere
Winthrop

Q.How many employees work for East Boston Savings Bank?
A. 218 and growing

Q.What are the benefits that East Boston Savings Bank offers to employees?
A. We are dedicated to offering a high quality and comprehensive benefits package which includes an 75/25 split on premiums, flexible spending accounts, wellness benefits, domestic partner coverage, vision care and up-front education assistance.

To read more about EBSB's employee benefits, click on the following link: www.ebsb.com/benefits.cfm

Q.What is the work environment at East Boston Savings Bank?
A. East Boston Savings Bank enjoys a collaborative work environment. While the bank has grown, it has continued to maintain a family like atmosphere. Our organizational structure is relatively flat and our division heads and President are always involved and accessible. We work hard to achieve goals and ensure corporate success, but maintaining a balance between work and home life is also essential to staying professionally fit.