Brief: Eastern Bankshares Inc And Needham Bank Enter Into Asset Purchase Agreement For Transfer Of Eastern's Cannabis Banking Business

Eastern Bankshares

14/01/2022 13:16

Jan 14 (Reuters) - Eastern Bankshares Inc  EBC.O :
    * EASTERN BANKSHARES, INC. (“EASTERN”) AND NEEDHAM BANK
ENTER INTO
ASSET PURCHASE AGREEMENT FOR THE TRANSFER OF EASTERN’S CANNABIS
BANKING BUSINESS
    * EASTERN BANKSHARES INC - TERMS OF TRANSACTION, WHICH ARE
NOT
MATERIAL TO EASTERN, WERE NOT DISCLOSED
    * EASTERN BANKSHARES INC -  EVANGELISTA AND HIS TEAM PLAN TO
JOIN
AND REMAIN WITH NEEDHAM BANK UPON CLOSING OF TRANSACTION

Source text for Eikon:  ID:nBw4lXz57a 
Further company coverage:  EBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))