East Boston Savings Bank

10 Meridian Street
Boston, MA 02128

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33510
Date Established 1991
Assets $4.70 billion
Loans $4.26 billion
Deposits $3.68 billion
Capital $0.49 billion

East Boston Savings Bank is an FDIC insured institution located in Boston, MA. It was founded in 1991 and has approximately $4.7 billion in assets. Customers can open an account at one of its 31 branches.

For a more detailed analysis of East Boston Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in East Boston Savings Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Massachusetts, East Boston Savings Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.94
Multifamily
Mortgages
16.33
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.35
Construction and Development Loans 13.31
Commercial Real Estate 46.95
Commercial and Industrial Loans 3.20
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.30% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.45% $500 - Learn MoreShow Less
Special: 13 Mo FIRA
1.26% $500 - Learn MoreShow Less
Special: 16 Mo FIRA
1.56% $500 - Learn MoreShow Less
Special: 19 Mo FIRA
1.61% $500 - Learn MoreShow Less
Special: 20 Mo FIRA
1.78% $500 - Learn MoreShow Less
Special: 30 Mo FIRA
2.21% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.25% $25 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.15% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.20% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $10 - Learn MoreShow Less
Checking Rates APY MIN FEE
Simply Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.88% 5.88% $759.13 Learn MoreShow Less
4 Year 6.13% 6.13% $588.56 Learn MoreShow Less
5 Year 6.38% 6.38% $487.69 Learn MoreShow Less
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

East Boston Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


East Boston Savings Bank Locations

Financial Details

East Boston Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of East Boston Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
East Boston Savings Bank U.S. Bank Average
2.15% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, East Boston Savings Bank had $11,481,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $490,784,000 in equity and $43,229,000 in loans loss reserves. That gives it a Texas Ratio of 2.15%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
East Boston Savings Bank U.S. Bank Average
8.51% 8.58

East Boston Savings Bank has a Return on Equity of 8.51% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
East Boston Savings Bank U.S. Bank Average
10.45% 12.11

East Boston Savings Bank has a Capitalization of 10.45% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

East Boston Savings Bank Balance Sheet Analysis

As of June 30, 2017, East Boston Savings Bank had assets of $4,696,978,000, loans of $4,258,388,000, and deposits of $3,680,298,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About East Boston Savings Bank

Branches and Savings

Is East Boston Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33510.

Why does East Boston Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are East Boston Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is East Boston Savings Bank a commercial bank?

Yes

Where are East Boston Savings Bank locations?

See branch locations nearby.

Is East Boston Savings Bank open on Saturdays?

Is East Boston Savings Bank open on Sundays?

What time does East Boston Savings Bank open?

What time does East Boston Savings Bank close?

Are East Boston Savings Bank ATMs Open 24/7?

Do East Boston Savings Bank ATMs accept cash deposits?

Can East Boston Savings Bank customers use other ATMs?

Do East Boston Savings Bank branches have notaries?

Will East Boston Savings Bank notarize my document?

What address for East Boston Savings Bank should I put for incoming ACH transfers?

Will the East Boston Savings Bank branch print checks?

Do East Boston Savings Bank checks expire?

Does East Boston Savings Bank require US citizenship to open account?

Can East Boston Savings Bank close my account?

Does East Boston Savings Bank Report to credit bureaus?

Does East Boston Savings Bank Use Equifax?

What is East Boston Savings Bank's ACH Routing Number?

What is East Boston Savings Bank's SWIFT code?

Products

Does East Boston Savings Bank offer mortgages?

Compare mortgage rates here.

Does East Boston Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does East Boston Savings Bank offer personal loans?

Compare personal loan rates here.

Does East Boston Savings Bank offer student loans?

Will East Boston Savings Bank cash a check?

Will East Boston Savings Bank redeem a savings bond?

Does East Boston Savings Bank cash savings bonds?

Will East Boston Savings Bank cash money orders?

Can East Boston Savings Bank issue a money order?

Does East Boston Savings Bank do currency exchange?

Background on The Bank

Who owns East Boston Savings Bank?

How long has East Boston Savings Bank been around?

Can East Boston Savings Bank transfer to other banks?

Does East Boston Savings Bank have quick pay?

Does East Boston Savings Bank accept rolled coins?

Will East Boston Savings Bank accept loose change?

Where is East Boston Savings Bank headquarters?

Customer Reviews for East Boston Savings Bank


  • Jks

    August 26, 2016 |

    CDs 48 Month Rates

    This cd rate no longer exists !

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