January 29, 2015 3:29 PM ET


Company Overview of East Boston Savings Bank

Company Overview

East Boston Savings Bank, a chartered stock savings bank, provides deposit and loan products to individuals and businesses in Essex, Middlesex, and Suffolk Counties. It offers consumer banking services, including Internet banking, checking, savings solutions, certificates of deposit, and individual retirement accounts; and business banking services, including business Internet banking, business deposit services, cash management, individual retirement accounts, and depository services. It also provides lending center services, including Internet lending, mortgages, reverse mortgages, consumer lending, and commercial lending; and investment services, including equities and fixed income, mutual...

67 Prospect Street

Peabody, MA 01960

United States

Founded in 1848





Key Executives for East Boston Savings Bank

Age: 66
Chief Financial Officer
Age: 59
Chief Operating Officer
Age: 47
Director and President of Mt. Washington Bank Division
Age: 54
Chief Risk Officer and Senior Vice President of Compliance
Compensation as of Fiscal Year 2014.

East Boston Savings Bank Key Developments

East Boston Savings Bank Appoints Elaine Foley as Assistant Vice President

East Boston Savings Bank appointed Elaine Foley as assistant vice president and residential loan officer for the Melrose and Wakefield markets. Foley has worked in the banking industry for 25 years, including twenty previously at EBSB. She is a recognized leader in the residential mortgage industry with fourteen years of experience and known for her personal service and exceptional knowledge of the industry.

Meridian Interstate Bancorp, Inc. and East Boston Savings Bank Announce Executive Changes

Meridian Interstate Bancorp, Inc. announced that on March 5, 2014, the company and its wholly owned subsidiary, East Boston Savings Bank, named Richard J. Gavegnano President of the company and the Bank, and John A. Carroll Chief Operating Officer of the company and the Bank. Mr. Gavegnano already serves as Chairman of the Board and Chief Executive Officer of the Company and the Bank. These appointments were made following the untimely passing of President and Chief Operating Officer Deborah Jackson. Mr. Carroll, age 47, joined the Bank in 2012, serving as Chief Information Officer. Previously, he served as Senior Vice President, Operations & Technology for nearly eight years at DanversBank, now People's United Bank.

East Boston Savings Bank Announces Management Promotions

East Boston Savings Bank has promoted Paul Cheremka to vice president/CRE lending, Alba Medina to assistant vice president/CRE lending, and Kristen Ciulla to vice president loan administrator. Mr. Cheremka joined EBSB in 2001 as a mortgage originator later transitioning to commercial real estate lending where he excelled and was promoted to assistant vice president. Mr. Cheremka is based out of the Everett Branch where he is an active member in the Everett Chamber of Commerce. Ms. Medina joined the commercial real estate lending team in 2007 as a commercial loan officer. Ms. Ciulla joined EBSB in 1995 as a teller. She later transitioned into the commercial real estate department as a commercial loan assistant and where she was promoted to assistant vice president in 2012. She oversees the compliance regulations for the commercial real estate division.

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