Andrew Hersom Joins Eastern Bank As Senior Vice President, Head Of Investor Relations

Rhea-AI Summary

Eastern Bank has appointed Andrew Hersom as Senior Vice President, Head of Investor Relations. Hersom brings 19 years of investor relations experience, previously serving as head of investor relations at Argo Group International Holdings and Senior Vice President of Investor Relations at People's United Financial until its M&T Bank acquisition. His prior roles include Director of Investor Relations at The Travelers Companies and financial analyst at Citigroup Life Insurance & Annuities.

Hersom holds a Bachelor of Arts degree from Providence College and an MBA from the University of Connecticut. CEO Denis Sheahan highlighted Hersom's experience and previous work with Eastern's CFO David Rosato at People's United Financial. Jillian Belliveau, who previously led investor relations, will now focus on her role as Senior Vice President and Treasurer while maintaining involvement in strategic initiatives.

Positive

• Strengthened leadership team with experienced IR professional
• New IR head has synergies with current CFO from previous work experience
• Previous IR lead remains with company focusing on Treasury operations

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to welcome Andrew Hersom as Senior Vice President, Head of Investor Relations. Mr. Hersom brings over 19 years of investor relations experience. He joins Eastern Bank from Argo Group International Holdings where he was head of investor relations responsible for interfacing with the investment community. Prior to that, Mr. Hersom was Senior Vice President of Investor Relations with People’s United Financial, Inc. until the company’s acquisition by M&T Bank. Previously, he was Director, Investor Relations with The Travelers Companies, Inc. and a financial analyst with Citigroup Life Insurance & Annuities. Mr. Hersom earned a Bachelor of Arts degree, magna cum laude, from Providence College and an MBA degree from the University of Connecticut.

“It’s a pleasure to welcome Andrew Hersom to Eastern,” said Denis Sheahan, Chief Executive Officer of Eastern Bank. “He has extensive investor relations experience in addition to natural synergies with our team, having worked with Eastern Chief Financial Officer David Rosato at People’s United Financial during a period of high growth and through its acquisition.”

Jillian Belliveau, Senior Vice President and Treasurer, who previously led investor relations, will dedicate most of her focus on Treasury while continuing to play a leadership role in strategic initiatives.

“We also want to recognize Jillian Belliveau for her tremendous leadership as our Treasurer while building and heading the investor relations function since Eastern’s IPO. We thank her for her extensive and highly valued contributions and look forward to her continued success as our Treasurer.”

About Eastern Bank
Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of September 30, 2024, Eastern Bank had approximately $25.5 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment advisor in Massachusetts with approximately $8.4 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $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. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, X and Instagram. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250114327724/en/

Media contact:

Andrea Goodman

Eastern Bank

a.goodman@easternbank.com

781-598-7847

Investor contact:

Andrew Hersom

Eastern Bankshares, Inc.

InvestorRelations@easternbank.com

860-707-4432

Source: Eastern Bank

FAQ

Who is the new Head of Investor Relations at Eastern Bank (EBC)?

Andrew Hersom has been appointed as Senior Vice President, Head of Investor Relations at Eastern Bank, bringing 19 years of investor relations experience.

What is Andrew Hersom's previous experience before joining Eastern Bank (EBC)?

Hersom was previously head of investor relations at Argo Group International Holdings and Senior Vice President of Investor Relations at People's United Financial, as well as Director of Investor Relations at The Travelers Companies.

What happened to Eastern Bank's (EBC) previous head of investor relations?

Jillian Belliveau, who previously led investor relations, will now focus on her role as Senior Vice President and Treasurer while continuing to participate in strategic initiatives.

What is the connection between Eastern Bank's (EBC) new IR head and current CFO?

Andrew Hersom previously worked with Eastern Bank's CFO David Rosato at People's United Financial during a period of high growth and through its acquisition.