Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of Directors
30 Ottobre 2023 - 9:05PM
Business Wire
New Directors Bring Extensive Banking, Risk Management and Audit
Experience
Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select
Market: EBC), the stock holding company for Eastern Bank, announced
today the appointment of Marisa J. Harney and Linda M. Williams to
its Board of Directors effective immediately. They have also each
been appointed to the Audit and Risk Management Committees of the
Board effective January 1, 2024. They will also serve on the Board
of Directors of the Company’s banking subsidiary, Eastern Bank.
“We are extremely pleased to welcome Marisa Harney and Linda
Williams to our Board,” said Bob Rivers, Chief Executive Officer
and Chair of the Board of Eastern Bankshares, Inc. and Eastern
Bank. “They are highly respected risk management and audit leaders,
and offer a variety and depth of experience that we believe will
serve the Board, our shareholders and the customers and communities
we serve well. Marisa brings extensive banking and risk management
experience and Linda brings extensive risk management and audit
experience.”
Marisa Harney most recently served as Executive Vice President,
Chief Credit Officer of First Citizens BancShares, Inc. and its
bank subsidiary First-Citizens Bank & Trust Company (“First
Citizens”) with responsibility for credit risk management. She has
extensive experience in credit policy, credit standards, risk
appetite and limits, and other areas involved in preparing First
Citizens for the transition to regulatory large bank supervision.
She was previously Chief Credit Officer of CIT Group and CIT Bank,
N.A., prior to their merger with First Citizens in January 2022,
responsible for all aspects of credit risk management for the $50
billion lender. Throughout her 42-year career, she has served in
senior credit risk roles with various financial institutions,
including Credit Suisse First Boston and JPMorgan Chase. She
received an MBA from New York University Stern School of Business
and a BS degree from Fordham University’s Gabelli School of
Business.
Linda Williams is Chief Risk and Audit Officer for Blue Cross
Blue Shield of Massachusetts, the largest private health plan in
Massachusetts serving nearly 3 million members and one of the
largest independent, not-for-profit Blue Cross Blue Shield plans in
the country. Ms. Williams is responsible for strategic enterprise
risk management, internal audit and information security, including
regulatory compliance for both federal and state regulations. A
health insurance executive with more than 25 years of experience,
her background also spans areas that include underwriting, account
reporting and contracts. She also serves on the boards of directors
of SmileDirectClub and Morgan Memorial Goodwill Industries and as a
trustee for the Robert F. Kennedy Children’s Action Corps, where
she also serves as treasurer. She received a BS degree from Johns
Hopkins University.
Ms. Harney and Ms. Williams were each appointed by the Board as
part of the Company’s director succession process and planning for
future director retirements expected at year end 2024 in accordance
with the Company’s Corporate Governance Guidelines. In addition, as
previously announced, Denis K. Sheahan, the Chairman, President,
and Chief Executive Officer of Cambridge Bancorp (“Cambridge”), as
well as three non-executive directors from Cambridge, are also
expected to join the Company’s Board of Directors in 2024 subject
to and in connection with the Company’s planned merger with
Cambridge.
About Eastern Bankshares, Inc. and Eastern Bank
Eastern Bankshares, Inc. is the stock holding company for
Eastern Bank. Founded in 1818, Boston-based Eastern Bank has more
than 120 locations serving communities in eastern Massachusetts,
southern and coastal New Hampshire, and Rhode Island. As of
September 30, 2023, Eastern Bank had approximately $21 billion in
total assets. Eastern provides a full range of banking and wealth
management solutions for consumers and businesses of all sizes, and
takes pride in its outspoken advocacy and community support that
includes $240 million in charitable giving since 1994. An inclusive
company, Eastern is comprised of deeply committed professionals who
value relationships with their customers, colleagues, and
communities. For investor information, visit
investor.easternbank.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of section 27A of the Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include statements regarding
anticipated future events and can be identified by the fact that
they do not relate strictly to historical or current facts. You can
identify these statements from the use of the words “may,” “will,”
“plan,” “believe,” “intend,” “anticipate,” “expect,” and similar
expressions. Forward-looking statements, by their nature, are
subject to risks and uncertainties. There are many factors that
could cause actual results to differ materially from expected
results described in the forward-looking statements. Such factors
include, but are not limited to, that required regulatory,
shareholder or other approvals related to the merger of the Company
and Cambridge Bancorp are not obtained or other closing conditions
are not satisfied in a timely manner or at all; that the merger may
not be timely completed, if at all; and that director elections and
succession planning strategies are not implemented within the
expected time frames or at all. These forward-looking statements
are also subject to the risks and uncertainties applicable to the
Company’s business generally that are disclosed in the Company’s
Annual Report on Form 10-K and subsequent filings with the U.S.
Securities and Exchange Commission (the “SEC”), which are available
on the SEC’s website at www.sec.gov. The Company claims the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995
and, except as required by law, the Company specifically disclaims
any obligation to update any forward-looking statements as a result
of developments occurring after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231030540793/en/
Media: Andrea Goodman Eastern Bank
a.goodman@easternbank.com 781-598-7847
Investors: Jill Belliveau Eastern Bankshares, Inc.
InvestorRelations@easternbank.com 781-598-7920
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