Eastern Bank Provides Financing To Support BostonbeaN Coffee Company’s Transition To Employee Ownership
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Business Wire
BOSTON--(BUSINESS WIRE)--Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company’s ongoing working capital needs.Founded more than 60 years ago, BostonbeaN delivers and restocks a range of workplace products from coffee and tea to healthy snacks and breakroom essentials serving companies across the region. “Employees have always been central to BostonbeaN’s growth and success,” said Peter Johnson, Owner of BostonbeaN. “Transitioning to 100% employee ownership is a meaningful way to recognize their contributions and support our company’s success and culture well into the future. Eastern Bank’s team demonstrated exceptional expertise in ESOP financing an
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EBC
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- 1/22/26 - Beat
EBC
Sec Filings
- 2/5/26 - Form 4
- 2/5/26 - Form SCHEDULE
- 2/4/26 - Form 144
- EBC's page on the SEC website