EBSB Profile
Meridian Bancorp, Inc. (EBSB) is a bank holding company that operates
through its subsidiary, East Boston Savings Bank. The bank offers a
range of financial products and services to individuals and businesses
in the greater Boston area.
East Boston Savings Bank has a
strong focus on community involvement and support, and is committed to
providing personalized services to its customers.
Meridian
Bancorp was founded in 1848 and is headquartered in Peabody,
Massachusetts. As oof September 2021, the company was performing well
financially, with strong revenue and earnings growth in recent years.
The company's total assets as of the end of fiscal year 2020 were $6.5
billion, representing an increase of 5.5% compared to the previous
year. Net income for the same period was $67.9 million, an improvement
from $54.2 million in the previous year.
Meridian Bancorp has a
market capitalization of approximately $1.5 billion as of my knowledge
cutoff of September 2021, and its stock is listed on the NASDAQ stock
exchange under the ticker symbol EBSB.
The banking industry is
subject to various risks, including changes in interest rates,
regulatory risks, and economic downturns. However, Meridian Bancorp's
strong financial performance, commitment to community involvement, and
personalized services should position it well for continued success in
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