EBC - Mergers and acquisitions

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of the John T. Burns Insurance Agency, Inc, a full-service insurance agency located in Newtonville, MA. The transaction is effective August 1, 2022 and marks the 36th acquisition of an independent insurance agency by Eastern Insurance since 2002 and its second this year. Family owned and operated since 1892, Burns Insurance has been a staple in its community with a reputation for providing customers with quality, personalized service. Steven Oakes, President of Burns Insurance, commented, "We are proud of what we have built in our community offering our customer

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of Michals Insurance Agency, Inc, a full-service insurance agency located in Watertown, MA. The transaction is effective March 1, 2022 and marks the 35th acquisition of an independent insurance agency by Eastern Insurance since 2002. Michals Insurance has served the insurance needs of individuals and businesses locally, nationally and internationally. "Since its inception in 1993, Michals Insurance has been committed to providing its clients with exemplary customer service and has been a highly respected member of the community and insurance industry," said Tim

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of the Barr Insurance Agency, Inc., a full-service, family-operated insurance agency headquartered in Watertown, MA. The transaction is effective May 1, 2021 and marks the 34th acquisition of an independent insurance agency for Eastern Insurance since 2002. Barr Insurance has assisted individuals and businesses with personal and business insurance coverages for more than 50 years. "Barr Insurance has been known for providing both individuals and businesses with a large assortment of coverages, from automobiles to homes and commercial lines. It has had excellent