Meridian Bancorp Receives Regulatory Approvals for Acquisition of Meetinghouse Bancorp

BOSTON, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (NASDAQ:EBSB), the holding company for East Boston Savings Bank, announced today that it has received the requisite regulatory approvals and waivers from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Massachusetts Division of Banks necessary to complete the acquisition of Meetinghouse Bancorp, Inc. and the related merger of Meetinghouse Bank with and into East Boston Savings Bank. Read more at CityBizList.

East Boston Savings Bank's Richard J. Gavegnano Named 2017 EV Entrepreneur of the Year® in New England

Mr. Gavegnano joins three decades of groundbreaking entrepreneurs

Boston, June 29 - East Boston Savings Bank's Chairman, CEO and President, Richard J. Gavegnano was presented the prestigious EY Entrepreneur Of The Year® 2017 Award in New England. The award recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Mr. Gavegnano was selected by an independent panel of judges, and the award was presented at a special gala event at the Marriott Copley

"I am deeply honored to be awarded this recognition by EY. I share this award with the entire EBSB community, the Board of Directors, senior management and employees," said Mr. Gavegnano. "It is through their dedication, hard work and shared the vision that has allowed the Bank to grow to $4.6 billion in assets and flourish with an 18% Compounded Annual Growth Rate since 2007. We will continue to operate with the belief that it is our responsibility to foster economic growth in our communities that help to stimulate growth by providing local jobs and banking services to help businesses and individuals thrive."

As a New England award winner, Mr. Gavegnano is now eligible for consideration for the Entrepreneur of the Year 2017 national program. Award winners in several national categories, as well as the  Entrepreneur  of the Year National Overall Award winner, will be announced at the Entrepreneur of the Year National Awards gala in Palm Springs, California, on November 18,

2017. The awards are the culminating event of the Strategic Growth Forum™, the nation's most prestigious gathering of high-growth, market-leading companies.

About EBSB

East Boston Savings Bank, a Massachusetts-chartered stock savings bank founded in 1848, operates 31 full-service locations in the greater Boston metropolitan area. East Boston Savings Bank offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Essex, Middlesex, Norfolk and Suffolk Counties, Massachusetts. For additional  information, visit www.ebsb.com.

About Entrepreneur Of The Year®

Entrepreneur Of The Year®, founded by EV, is the world's most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. Ey.com/eoy

http://tinyurl.com/yddoc3bj

East Boston Savings Bank Honors Board of Director Vincent D. Basile

(EAST BOSTON) On January 12th, the Board of Directors and the management team of East Boston Savings Bank joined Chairman, CEO and President Richard J. Gavegnano for a reception to honor retiring Board of Director member, Vincent D. Basile.

The reception was held at the Rosaria Steakhouse and Function Facility in Saugus.

Mr. Basile has served as the Corporate Secretary of Meridian Bancorp, Inc. (formerly, Meridian Interstate Bancorp, Inc.) and has been a Corporator of Meridian Financial Services, Inc. since 1977. Throughout his career, he was a self-employed Management Consultant, a Clerk of Meridian Financial Services and held the position as a Regional Administrator in the Massachusetts Office of the Commissioner of Probation. In addition to his career contributions, he proudly served his country as a Lt. Colonel in the U.S. Army Reserve.

Mr. Basile has been an Independent Director of Meridian Bancorp, Inc. since 2002 and has since served as a member of the Board of Directors for East Boston Savings Bank until December 31, 2015.

“Vinny has truly been an asset to the growth and success of EBSB throughout the years, and his years of dedicated commitment and service to the bank will continue to speak volumes within the communities that we serve, said Gavegnano.

Founded in 1848, EBSB is a proven community bank that offers products and services that meet the deposit and financing needs of both consumers and businesses.  And customers can rest easy knowing that their deposits are fully insured by both the FDIC and Depositors Insurance Fund (DIF). 

East Boston Savings Bank currently operates 29 full-service branches in the greater Boston metropolitan area, and offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Essex, Middlesex and Suffolk counties.

Board Member Vinny Basile honored upon retirement from East Boston Savings Bank board (L-R) EBSB Board of Director member Edward Lynch and Domenic Gambardella ; Chairman, CEO and President Rich¬ard J. Gavegnano; Vincent D. Basile; and Jim DelRossi.

Source: East Boston Savings Bank

Nov. 10: Care Dimensions recognizes local citizens for their commitment to veterans

Care Dimensions recognizes local citizens for their commitment to veterans

October 20, 2015 — Care Dimensions is pleased to announce that their North Shore We Honor Veterans Award Recipients for 2015 are Kristine Babcock of Danvers and Jacob Burridge of Ipswich. Honorable mentions are also being given to John Crowley of Marblehead, John Doherty of Andover, Rose Mazzuchelli of Winthrop and Myron Stone of Swampscott. These individuals were nominated by members of the community for their commitment to improving the lives of veterans. All recipients will be honored at an awards breakfast on November 10, from 8:30 to 10 a.m. at Danversport Yacht Club, 161 Elliott Street in Danvers. The breakfast is generously sponsored by East Boston Savings Bank and the bank’s President Richard Gavegnano will offer opening remarks.

As a Level Four Partner of the We Honor Veterans program, Care Dimensions has joined together with the U.S. Department of the Veterans’ Affairs and the National Hospice and Palliative Care Organization to empower hospice professionals to meet the unique needs of dying Veterans. The program teaches respectful inquiry, compassionate listening and grateful acknowledgement – to comfort patients with a history of military service and possibly physical or psychological trauma.

 “Care Dimensions is dedicated to promoting and providing the highest quality end-of-life care for our Veterans and to educating community organizations who also provide services for Veterans,” said Sheryl Meehan, director of volunteer services and chair of the Veterans committee at Care Dimensions. To register for the breakfast, please contact Mark Ledewitz, Care Dimensions Volunteer Coordinator by November 3 at 978-750-9338 or MLedewitz@CareDimensions.org.


Source: CareDimensions