Eastern Bank welcomes Alarm New England as a business client
BOSTON–(BUSINESS WIRE)–Eastern Bank is pleased to announce that Alarm New England is a new commercial banking customer. Founded in 1972, Alarm New England is a family-owned provider of innovative security solutions and technology. Eastern provides banking solutions to meet Alarm New England’s financing needs. This includes a revolving line of credit for working capital and expansion as well as comprehensive cash management services and solutions. Based in Rocky Hill, Connecticut, Alarm New England operates in Connecticut, Massachusetts and Rhode Island.
“Alarm New England has been serving individuals, families and businesses with security products and services for nearly 50 years, and we have grown to become one of the region’s leading alarm companies locally,” said Doug Curtiss. , CEO and Founder of Alarm New England. “We are delighted to work with Eastern Bank for our capital and financing needs to support our growth plans.
“For generations, families and businesses in our local communities have relied on Alarm New England for security solutions, and we look forward to serving as their banking partner,” said Greg Buscone, Executive Vice President, Senior Director of Banking Services. commercial of Eastern Bank.
Eastern offers a range of trade finance offerings to help local businesses across many industries improve cash flow, increase efficiency and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing and asset-based loans.
The Commercial Banking team advising Alarm New England includes Executive Vice President, Senior Director of Commercial Banking Greg Buscone, Senior Vice President and Commercial Team Leader Brendan O’Neill, Senior Vice President and Director of Commercial Relations Matthew Hunt, and Vice President and Commercial Portfolio Manager Stephen Only Us.
Mark Sandler of SPP Advisors represented Alarm New England.
About Eastern Bank
Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire and Rhode Island. As of June 30, 2020, Eastern Bank had approximately $14.0 billion in total assets. Eastern provides banking, investment and insurance products and services to individuals and businesses of all sizes, including through its Eastern Wealth Management division and its subsidiary Eastern Insurance Group. Eastern prides itself on its outspokenness and community support which has exceeded $140 million in charitable donations since 1999. An inclusive company, Eastern employs more than 1,800 deeply engaged professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, Twitter and instagram. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the holding company of Eastern Bank. For more information on investors, visit investor.easternbank.com.