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From our CEO

170 Years and Counting

Richard GavegnanoThe end of 2017 marked the 169 year milestone for East Boston Savings Bank. When we opened our doors in 1848 our mission was much the same as it is today, to deliver valued banking services to satisfy lifetime needs by building long term relationships based on trust, safety and friendly service.

Through the years, having seen it all from economic depressions to banking crises to the real estate bubble, EBSB remains a pillar of strength due to the honesty, integrity and banking values of our board of directors, senior management team and our employees. It is with great resolve that EBSB embraces its responsibility to be a trustworthy resource for banking services and a good neighbor in communities throughout greater Boston.

East Boston Savings Bank will always have your best interests at heart. We are committed to all of our customers, big and small, individuals and businesses in providing you with the quality product, excellent service and sound advice. We also believe that it is our responsibility to foster economic growth in our communities when possible. We will continue to research new branch opportunities stimulating economic growth by providing local jobs and banking services to help businesses and individuals thrive.

Our values lie beyond banking interests. Being a good neighbor and giving back to the community is important to us. Each year the bank makes contributions and/or donates a variety of items supporting community and civic groups and our employees volunteer their time for meaningful causes. In addition, since its inception in 1998, the East Boston Savings Bank Charitable Foundation has distributed over $6 million in grants to well-deserving not-for-profit organizations serving our market area.

As president, chairman and chief executive officer of East Boston Savings Bank it is my responsibility to see that the bank continues to be a trusted provider of personal and commercial banking services, provide exceptional customer experiences, solid banking performances, workforce development and community leadership. We will never take for granted our customers’ trust or shirk our civic obligations.

I very much appreciate the continued confidence and support you have shown. Our future looks brighter every day and we are truly thankful to you for being an integral part of our success. If you have any questions or concerns regarding EBSB or our mission, please do not hesitate to contact me directly at rgavegnano@ebsb.com or 978-977-2211.


Richard J. Gavegnano


Chairman, President & CEO