Eastern Bankshares, Inc. and Eastern Bank Announce Retirement of James Fitzgerald as Chief Administrative Officer and Treasurer of the Company and as Chief Administrative Officer and Vice Chair of Bank

Eastern Bankshares, Inc. announced that James Fitzgerald intends to retire from his role as Chief Administrative Officer and Treasurer of the Company and as Chief Administrative Officer and Vice Chair of Eastern Bank after 12 years of dedicated service. Fitzgerald will continue to serve in his roles until a successor is appointed, and will then serve in a senior advisory role throughout the planned merger and integration with Cambridge and Cambridge Trust Company and previously announced leadership transitions related to the merger. As part of the search process to help identify the next CFO, Eastern has retained executive search firm Korn Ferry.