Eastern Bankshares Bolsters Board Ahead of Merger

Eastern Bankshares (EBC) has provided an update.

Eastern Bankshares, Inc. gears up for a strategic move by appointing four new directors from Cambridge Bancorp and Cambridge Trust Company in anticipation of their merger. Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke, all seasoned professionals with diverse expertise in finance, banking, law, and management, are set to join the board following the merger’s completion. The integration of these leaders is part of a broader plan to enhance governance and steer the company through its next phase of growth.

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