Eastern Bank
Eastern Bank is a bank based in Boston, Massachusetts. Before Demutualization, de-mutualizing in 2020, it was the oldest and largest Mutual savings bank, mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, Massachusetts, Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Financial District, Boston, Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation. History Eastern Bank was established on April 15, 1818, as Salem Savings Bank and became insured by the Federal Deposit Insurance Corporation on October 1, 1983. On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a Holdi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Mutual Organization
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pa ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Quincy, Massachusetts
Quincy ( ) is a coastal U.S. city in Norfolk County, Massachusetts, United States. It is the largest city in the county and a part of Greater Boston, Metropolitan Boston as one of Boston's immediate southern suburbs. Its population in 2020 was 101,636, making it the seventh-largest city in the U.S. state, state. Known as the "City of Presidents", Quincy is the birthplace of two President of the United States, U.S. presidents—John Adams and his son John Quincy Adams—as well as John Hancock (a President of the Continental Congress and the first signer of the United States Declaration of Independence, Declaration of Independence) and the first and third Governor of Massachusetts. First settled in 1625, Quincy was briefly part of Dorchester, Boston, Dorchester before becoming the north precinct of Braintree, Massachusetts, Braintree in 1640. In 1792, Quincy was split off from Braintree; the new town was named after Colonel John Quincy, maternal grandfather of Abigail Adams and af ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Banks Established In 1818
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Banks Based In Massachusetts
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Coronavirus Disease 2019
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, loss of smell, and loss of taste. Symptoms may begin one to fourteen days after exposure to the virus. At least a third of people who are infected do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure, shock, or multiorgan dysfunction). Older people are at a higher risk of developing seve ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Century Bank
Century Bank was a bank based in Massachusetts. It was founded in Somerville, Massachusetts Somerville ( ) is a city located directly to the northwest of Boston, and north of Cambridge, in Middlesex County, Massachusetts, United States. As of the 2020 United States Census, the city had a total population of 81,045 people. With an area o ... in 1969 by Marshall M. Sloane and at one point became the state's largest family-run bank. Century Bank had over $6 billion in assets with 27 offices in 19 cities and towns in Massachusetts. Marshall’s son, Barry Sloane, sat as Chairman, President & CEO while Marshall’s daughter, Linda Sloane Kay, was the Bank’s Vice Chair. Century Bank was a lender to local businesses, municipalities, not-for-profit organizations and families. Headquartered in Medford, MA, Century Bank employed more than four hundred staff. History On May 1, 1969, Century Bank and Trust Company officially opened its doors in a temporary trailer parked on the M.D.C ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Medford, Massachusetts
Medford is a city northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. Census, Medford's population was 59,659. It is home to Tufts University, which has its campus along the Medford and Somerville border. History Indigenous history Native Americans inhabited the area that would become Medford for thousands of years prior to European colonization of the Americas. At the time of European contact and exploration, Medford was the winter home of the Naumkeag people, who farmed corn and created fishing weirs at multiple sites along the Mystic River. Naumkeag sachem Nanepashemet was killed and buried at his fortification in present-day Medford during a war with the Tarrantines in 1619. The contact period introduced a number of European infectious diseases which would decimate native populations in virgin soil epidemics, including a smallpox epidemic which in 1633 which killed Nanepashemet's sons, sachems ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Wainwright Bank
Wainwright Bank was a nationally recognized socially progressive bank in Boston, lauded as a "rebel with a cause making its reputation as a champion of social-justice causes, throwing its support behind everything from the gay-rights movement and affordable housing initiatives to immigration reform and the anti-Iraq war movement." There are 12 branch offices in Boston, Cambridge, Brookline, Newton, Watertown and Somerville. The current president is Jan A. Miller. Wainwright has made community development, affordable housing, civil and human rights, and other social issues a prominent focus of its activities and has a documented history of leadership in supporting social justice efforts. Wainwright was featured in three recent books on this topic: in 2005, Megatrends 2010: The Rise of Conscious Capitalism by Patrician Aburdene; in 2006, named as a “truly responsible and highly profitable firm that is changing business now” in The High Purpose Company by Christine Arena; and in ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Middlesex County, Massachusetts
Middlesex County is located in the Commonwealth (U.S. state), Commonwealth of Massachusetts, in the United States. As of the 2020 census, the population was 1,632,002, making it the most populous county in both Massachusetts and New England and the List of the most populous counties in the United States, 22nd most populous county in the United States. Middlesex County is one of two U.S. counties (along with Santa Clara County, California) to be amongst the top 25 counties with the highest household income and the 25 most populated counties. It is included in the Census Bureau's Boston–Cambridge, Massachusetts, Cambridge–Newton, Massachusetts, Newton, MA–New Hampshire, NH Greater Boston, Metropolitan Statistical Area. As part of the 2020 United States census, the Commonwealth's mean center of population for that year was Geographic coordinate system, geo-centered in Middlesex County, in the town of Natick, Massachusetts, Natick (this is not to be confused with the geographic ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Reading, Massachusetts
Reading ( ) is a town in Middlesex County, Massachusetts, United States, north of central Boston. The population was 25,518 at the 2020 census. History Settlement and American independence Many of the Massachusetts Bay Colony's original settlers arrived from England in the 1630s through the ports of Lynn and Salem. In 1639 some citizens of Lynn petitioned the government of the colony for a "place for an inland plantation". They were initially granted six square miles, followed by an additional four. The first settlement in this grant was at first called "Lynn Village" and was located on the south shore of the "Great Pond", now known as Lake Quannapowitt. On June 10, 1644 the settlement was incorporated as the town of Reading, taking its name from the town of Reading in England. The first church was organized soon after the settlement, and the first parish separated and became the town of "South Reading" in 1812, renaming itself as Wakefield in 1868. Thomas Parker was one of t ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Wareham, Massachusetts
Wareham ( ) is a town in Plymouth County, Massachusetts, United States. As of the 2020 census, the town had a population of 23,303. History Wareham was first settled in 1678 by Europeans as part of the towns of Plymouth, Massachusetts, Plymouth and Rochester, Massachusetts, Rochester. It was officially incorporated in 1739 and named after the town of Wareham, Dorset, Wareham in England. Because of its geography, Wareham's early industry revolved around shipbuilding and the related industries. It also served as a resort town, with many smaller resorts scattered around the town, especially in Onset. Like Sandwich, Massachusetts, Sandwich, its waterways, especially Buttermilk Bay, were considered as possible pathways for the Cape Cod Canal. Although the canal proper goes through Bourne, Massachusetts, Bourne and Sandwich, the southern approach to Buzzards Bay, Massachusetts, Buzzards Bay passes just south of the peninsulas that make up the topography of the town. Wareham is home ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |