Applications / Mortgage Analytics / Lenders / Massachusetts / Eastern Bank
Boston, MA · State non-member bank · FDIC · $30.6 billion assets · 3,969 loans in 2025
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3,969
loans originated, 2025
6,794
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Eastern Bank is a Boston bank with more jumbo lending than similar banks; its originations rose 27% in 2025, the year it merged with HarborOne Bank.
Similar lenders are state non-member banks making between half and twice as many loans. Its originations rose 27% to 3,969, against 11% for similar lenders and 10% for the whole market, faster than about five in six of them. Its mergers with Cambridge Trust Company in 2024 and HarborOne Bank in 2025 count toward its figures and may explain part of the rise.
It lent $1.62 billion against $850.8 million for similar lenders, though its typical loan of $205,000 was near the middle. Jumbo loans (larger than the conforming limit) were 7.6% against 2.5%, higher than about nine in ten, and FHA loans (insured by the Federal Housing Administration) only 0.3% against 4.3%.
LMI (low- and moderate-income) areas had 21.7% of its loans against 16.3%, higher than about six in seven similar lenders. Its share of LMI borrowers, 28.8% against 28.3%, was near the middle; lending concentrated in Greater Boston is one possible reason for the area figures.
It ranks 7 of 664 in Boston-Cambridge-Newton and 9 of 369 in Barnstable Town, where its share rose to 2.4% from 2.1%. Its share fell in Manchester-Nashua, to 0.9% from 1.5%, and in Providence-Warwick, to 0.7% from 0.9%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Eastern Bank took 6,794 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 35.2% · Home improvement 29.8% · Purchase 18.6% · Other 16.4%
Conventional 99.6% · FHA 0.3% · VA 0.1% · of 3,969 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 3,620 | 91.2% |
| New Hampshire | 294 | 7.4% |
| Rhode Island | 47 | 1.2% |
| Connecticut | 7 | 0.2% |
| Maine | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 1,745 |
| Boston | 1,406 |
| Barnstable Town | 248 |
| Providence-Warwick | 164 |
| Rockingham County-Strafford County | 149 |
| Manchester-Nashua | 81 |
| Worcester | 80 |
| Springfield | 6 |
| Bridgeport-Stamford-Danbury | 5 |
| Amherst Town-Northampton | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | X8V2II80XTQHRH7NCB19 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 128904 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 332773 | 1992–2017 |
Established 19 October 1989. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Eastern Bank's data.
Eastern Bank's data
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