Company
Meridian Bancorp, Inc.
Headquarters: Peabody, MA, United States
Founded: 1848
Employees: 550
Market Cap
$1.20 Billion
USD as of Nov. 1, 2021
Meridian Bancorp, Inc. Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
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| HDFC Bank | $167.72 B |
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| BNP Paribas SA | $80.01 B |
Sector:
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| Berkshire Hathaway | $797.77 B |
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| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts. Its loan portfolio includes commercial real estate loans, which are secured by properties, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, such as mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. In addition, the company offers non-deposit financial products, such as mutual funds, annuities, stocks, and bonds through third-party broker-dealer; and long-term care insurance products. It is also involved in the securities transactions business. The company operates 42 full-service locations, one mobile branch, and three loan centers. Meridian Bancorp, Inc. was founded in 1848 and is based in Peabody, Massachusetts.
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Stocks & Indices
Meridian Bancorp, Inc. has the following listings and related stock indices.
Stock: NASDAQ: EBSB wb_incandescent
Stock: FSX: 3MR wb_incandescent
Key People
Richard J. Gavegnano (President, CEO & Chairman)
Financials
Operating income: US$ 236.675 million (2018)
Net income: US$ 55.771 million (2018)
Total assets: US$ 6.178 billion (2018)