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Stock impact report

Eastern Bank Announces NEI General Contracting As A Commercial Banking Customer

Eastern Bankshares, Inc. (EBC) 
Company Research Source: Business Wire
Provides Full-Service Banking Relationship To Support Affordable Housing Development And National Expansion BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce NEI General Contracting (NEI) as a new commercial banking customer. Founded in 1998, NEI General Contracting is a leading general contractor specializing in affordable and market-rate housing, with extensive experience in ground-up construction, moderate rehabilitation, historic restorations and residential conversions. Headquartered in Boston, NEI also operates regional offices in Florida and Texas, serving clients across the Northeast, Southeast and Southwest. Eastern Bank is providing NEI with a $30 million working capital line of credit to support its day-to-day operations, three real estate loans to refinance existing facilities, as well as a full suite of treasury management services.“NEI General Contracting has built a reputation for excellence in affordable housing and community development, and we’re thrill Show less Read more
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