At East Boston Savings Bank our strong banking heritage dates back to 1848, during which time EBSB has taken great pride in its traditions, namely the Bank’s sound fiscal policy, outstanding management and staff and the institution’s trustworthiness. EBSB manages risk and creates guidelines that are smart, fair, and flexible and has set the standard for outstanding customer service and quality financial products and services.
In 2014, Meridian Bancorp, Inc., a Maryland corporation was established to be the fully public stock holding company for East Boston Savings Bank. Meridian Interstate Bancorp, Inc., the former bank holding company, merged into Meridian Bancorp, Inc. and now ceases to exist following the completion of a "second-step" conversion from a two-tier mutual holding company structure effective July 28, 2014. Meridian Bancorp, Inc.'s business activity is the ownership of the outstanding capital stock of East Boston Savings Bank.
The common stock of Meridian Bancorp is listed on the Nasdaq Global Select Market and trades under the ticker symbol “EBSB.”
As a member of both the Federal Deposit Insurance Corporation (FDIC) and the Deposit Insurance Fund of Massachusetts (DIF), all of your deposits are insured in full. That means that every dollar you have on deposit with East Boston Savings Bank is fully insured without limit.