Eastern’s Commercial Banking Team Provides Financing and Cash Management Solutions To Support Growth
Eastern Bank and Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, are pleased to announce The Forsyth Institute (Forsyth) as a new commercial banking and insurance customer. Founded in 1910 as a pediatric dental hospital serving disadvantaged children in the Boston area, Cambridge-based Forsyth is the nation’s only independent research institute focused on the connection between oral health and overall well-being, with a focus on biological research, clinical service and public health outreach, and technological innovation. Eastern Bank is providing a revolving line of credit to support the organization’s ongoing working capital, growth and general corporate needs. In addition, Eastern Insurance Group has consulted with Forsyth to develop a customized risk management program for Forsyth’s commercial, personal and employee benefits needs.
“The Forsyth Institute is thrilled to begin new relationships with Eastern Bank and Eastern Insurance Group,” said Dr. Wenyuan Shi, Chief Executive Officer and Chief Scientific Officer of The Forsyth Institute. “As a mission-driven organization, Eastern understands how we, as a community organization, seek to make our mission a reality in addressing the public health demands in the communities we serve. Eastern’s knowledge and guidance on our evolving financial growth and insurance solutions will support our organization well.”
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“For more than 100 years, Forsyth has earned a reputation as a leader and innovator in the fields of dental research and public oral health,” said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank. “As they continue to evolve in their approaches and work, we are proud to assist with their financing needs.”
“We are honored to partner with The Forsyth Institute in their ongoing commitment to improvements in oral health through biological research, public health outreach and technological innovation,” said Tim Lodge, President and CEO of Eastern Insurance Group LLC. “Being able to provide nonprofit organizations such as Forsyth with the protection they need for their business and their employees, gives them peace of mind to focus on their mission of helping people live healthier lives.”
Eastern provides a range of commercial financing offerings to help companies across many industries to improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending and employee stock ownership plan-related financing.
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Eastern Insurance Group provides a full range of personal and commercial insurance products, as well as employee benefits services. Representing more than 50 national and regional insurance carriers, Eastern Insurance is recognized as one of the largest insurance agencies headquartered in Massachusetts.
The team advising the Forsyth Institute includes:
Commercial Banking
Greg Buscone, Executive Vice President, Senior Commercial Banking Officer
David Nussbaum, Senior Vice President, Commercial Team Leader
Eastern Insurance Group
Todd Drager, Vice President, Commercial Insurance Sales
Kelly Havey, Assistant Vice President, Personal Insurance Sales
Tony Murphy, Senior Vice President, Employee Benefits Sales
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