Business
Eastern Bankshares, Inc. Added To The Russell 2000® and Russell 3000® Indexes
BOSTON--(BUSINESS WIRE)-- Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the holding company
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\nEastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the holding company for Eastern Bank, today announced that the Company has been added to the U.S. small-cap Russell 2000® Index and the U.S. broad-market Russell 3000® Index, as well as the appropriate growth and value style indexes. The Russell index changes were effective upon the opening of the U.S. stock market today, December 21, 2020. \n\n“Following our recent IPO just two months ago, we are very pleased to be added to these Russell indexes,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. “This inclusion is an important milestone, and we believe it will increase awareness of Eastern Bankshares within the investment community and help to broaden our shareholder base.”\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to Russell, approximately $9 trillion in assets are benchmarked against their U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 2000® and 3000® Indexes, please visit the FTSE Russell website.\n\nAbout Eastern Bankshares, Inc. and Eastern Bank\n\nEastern Bankshares, Inc. is the stock holding company for Eastern Bank. Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of September 30, 2020, Eastern Bank had approximately $15.5 billion in total assets. Eastern provides banking, investment and insurance products and services for consumers and businesses of all sizes, including through its Eastern Wealth Management division and its Eastern Insurance Group subsidiary. Eastern takes pride in its outspoken advocacy and community support that has exceeded $140 million in charitable giving since 1999. An inclusive company, Eastern employs 1,800+ deeply committed professionals who value relationships with their customers, colleagues, and communities. For investor information, visit investor.easternbank.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements. Forward-looking statements include statemen...