Business
Eastern Bank Provides Financing To Support BostonbeaN Coffee Company’s Transition To Employee Ownership
BOSTON, February 12, 2026--Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company’s ongoing working capital needs.
About this update from Eastern Bankshares, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1129,"height":261,"url":"https://media.zenfs.com/en/business-wire.com/cf91547d7e2106571abac73f23fd889e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nK1OSYHKk639EJJYCcAXlQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIyMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/cf91547d7e2106571abac73f23fd889e","width":960,"height":222},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/rYn6QN7xIYRpHlpQsNF_fw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIyNTg7aD01MjI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/cf91547d7e2106571abac73f23fd889e","width":1129,"height":261}},"lazy":false},{"type":"text","content":"BOSTON, February 12, 2026--(BUSINESS WIRE)--Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company’s ongoing working capital needs.","length":467,"tagName":"p"},{"type":"text","content":"Founded more than 60 years ago, BostonbeaN delivers and restocks a range of workplace products from coffee and tea to healthy snacks and breakroom essentials serving companies across the region. "Employees have always been central to BostonbeaN’s growth and success," said Peter Johnson, Owner of BostonbeaN. "Transitioning to 100% employee ownership is a meaningful way to recognize their contributions and support our company’s success and culture well into the future. Eastern Bank’s team demonstrated exceptional expertise in ESOP financing and a strong knowledge of our business, and their collaborative approach allowed this transition to come together smoothly and efficiently."","length":705,"tagName":"p"},{"type":"text","content":""BostonbeaN’s decision to become employee-owned reflects a commitment to its business and rewarding the people who drive its success," said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. "We are pleased to support their ESOP transition and look forward to providing comprehensive bank...