Business
Eastern Bank and Eastern Insurance Group LLC Welcome The Forsyth Institute As A New Customer
Eastern’s Commercial Banking Team Provides Financing and Cash Management Solutions To Support Growth Eastern Insurance Group Provides Full-Suite Of Insurance
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nEastern’s Commercial Banking Team Provides Financing and Cash Management Solutions To Support Growth\n\nEastern Insurance Group Provides Full-Suite Of Insurance Services\n\n BOSTON--(BUSINESS WIRE)--\nEastern Bank and Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, are pleased to announce The Forsyth Institute (Forsyth) as a new commercial banking and insurance customer. Founded in 1910 as a pediatric dental hospital serving disadvantaged children in the Boston area, Cambridge-based Forsyth is the nation’s only independent research institute focused on the connection between oral health and overall well-being, with a focus on biological research, clinical service and public health outreach, and technological innovation. Eastern Bank is providing a revolving line of credit to support the organization’s ongoing working capital, growth and general corporate needs. In addition, Eastern Insurance Group has consulted with Forsyth to develop a customized risk management program for Forsyth’s commercial, personal and employee benefits needs.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221102005665/en/\n“The Forsyth Institute is thrilled to begin new relationships with Eastern Bank and Eastern Insurance Group,” said Dr. Wenyuan Shi, Chief Executive Officer and Chief Scientific Officer of The Forsyth Institute. “As a mission-driven organization, Eastern understands how we, as a community organization, seek to make our mission a reality in addressing the public health demands in the communities we serve. Eastern’s knowledge and guidance on our evolving financial growth and insurance solutions will support our organization well.”\n\n“For more than 100 years, Forsyth has earned a reputation as a leader and innovator in the fields of dental research and public oral health,” said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank. “As they continue to evolve in their approaches and work, we are proud to assist with their financing needs.”\n\n“We are honored to partner with The Forsyth Institute in their ongoing commitment to improvements in oral health through biological research, public health outreach and technological innovation,” said Tim Lodge, President and CEO of Eastern Insurance Group LLC. “Being able to p...