• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • SCIENCE
  • LIFESTYLE
  • TECH
Eastern Insurance Group LLC Acquires Operating Assets of John T. Burns Insurance Agency, Inc.

Eastern Insurance Group LLC Acquires Operating Assets of John T. Burns Insurance Agency, Inc.

August 8, 2022
QVC’s Gift-a-Thon Sale Has the Lowest Prices on Dyson, Tarte & More

QVC’s Gift-a-Thon Sale Has the Lowest Prices on Dyson, Tarte & More

December 8, 2023
Do You Have the Flu, RSV, COVID, or the Common Cold?

Do You Have the Flu, RSV, COVID, or the Common Cold?

December 8, 2023
The Boy and the Heron review: a beautiful relic and the end of an era

The Boy and the Heron review: a beautiful relic and the end of an era

December 8, 2023
History of Macy’s Thanksgiving Day Parade balloon accidents

History of Macy’s Thanksgiving Day Parade balloon accidents

December 8, 2023
Xiaomi announces Redmi 13R 5G with a familiar set of specs

Xiaomi announces Redmi 13R 5G with a familiar set of specs

December 8, 2023
Links 12/8/2023 | naked capitalism

Links 12/8/2023 | naked capitalism

December 8, 2023
Macau requires “completely new perspective” with art and culture as focus, says MGM China’s Pansy Ho

Macau requires “completely new perspective” with art and culture as focus, says MGM China’s Pansy Ho

December 8, 2023
18 of the Cutest Plus Size Pajamas To Keep You Warm All Season!

18 of the Cutest Plus Size Pajamas To Keep You Warm All Season!

December 7, 2023
Can nonprofits or government policies shrink local ‘news deserts’ across America? — GetReligion

Can nonprofits or government policies shrink local ‘news deserts’ across America? — GetReligion

December 7, 2023
POSTPONED: HFAC Hearing on U.S. Support for Israel After Hamas … – House GOP Foreign Affairs Committee

ICYMI: Rubio Joins The Business Briefing | Senator Rubio – Senator Marco Rubio

December 7, 2023
The Fed Will Cut Rates Six Times in 2024 Says Top Firm—What Will This Mean For Housing?

The Fed Will Cut Rates Six Times in 2024 Says Top Firm—What Will This Mean For Housing?

December 7, 2023
Working From Home? 10 Ways to Boost Your Productivity

Working From Home? 10 Ways to Boost Your Productivity

December 7, 2023
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
No Result
View All Result
Home PRESS RELEASE

Eastern Insurance Group LLC Acquires Operating Assets of John T. Burns Insurance Agency, Inc.

by Minnesota Digital News
August 8, 2022
in PRESS RELEASE
0
Eastern Insurance Group LLC Acquires Operating Assets of John T. Burns Insurance Agency, Inc.
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


NATICK, Mass.–(BUSINESS WIRE)–Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of the John T. Burns Insurance Agency, Inc, a full-service insurance agency located in Newtonville, MA. The transaction is effective August 1, 2022 and marks the 36th acquisition of an independent insurance agency by Eastern Insurance since 2002 and its second this year.

Family owned and operated since 1892, Burns Insurance has been a staple in its community with a reputation for providing customers with quality, personalized service. Steven Oakes, President of Burns Insurance, commented, “We are proud of what we have built in our community offering our customers the best service and welcoming them as part of our family. Now, with more choices to extend to our personal and commercial customers, and with the breadth and historic strength of Eastern Insurance, we will be better equipped to serve those customers in the future.”

“Burns Insurance has been known for their strong customer relationships for over a hundred years. Steve Oakes and Ed Timmerman have worked closely with many long-standing customers who we look forward to welcoming to Eastern Insurance Group,” said Tim Lodge, President and CEO of Eastern Insurance Group LLC.

About Eastern Insurance Group LLC

Eastern Insurance Group LLC, headquartered in Natick, Massachusetts, is a wholly-owned subsidiary of Eastern Bank. Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and 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. For more information, visit www.easterninsurance.com.

About Eastern Bank

Founded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2022, Eastern Bank had approximately $22 billion in total assets. Eastern provides banking, investment and insurance products and services for consumers and businesses of all sizes, including through its Eastern Wealth Management division and its Eastern Insurance Group LLC subsidiary. Eastern takes pride in its outspoken advocacy and community support that includes $240 million in charitable giving since 1994. An inclusive company, Eastern employs approximately 2,100 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, Twitter and Instagram. Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC) is the stock holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

Forward-Looking Statements

Statements in this press release regarding Eastern Insurance’s future operating results, growth, business plans and prospects, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on the historical performance of Eastern Insurance and the John T. Burns Insurance Agency, Inc. (“Burns Insurance”), and their respective plans, estimates and expectations as of the date of this release. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include difficulties and delays in integrating the customers or business of Burns Insurance, or onboarding its sales producers; Eastern Insurance’s inability to sustain revenue and earnings growth or to fully realize revenue or expense synergies or the other expected benefits of the asset acquisition; the inability to implement integration plans and other consequences associated with the asset acquisition; the choice by customers of Burns Insurance or its sales producers not to keep their respective business relationships with Eastern Insurance; and effects of competition in the financial services industry, including competitors’ success in recruiting away Burns Insurance’s sales producers, developments in the Company’s market relating to the COVID-19 pandemic, including the severity and duration of the associated economic slowdown, adverse developments in the level and direction of loan delinquencies and charge-offs and changes in estimates of the adequacy of the allowance for loan losses, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company, Eastern Bank and Eastern Insurance are engaged.





Source link

Share196Tweet123Share49
Minnesota Digital News

Minnesota Digital News

Saint Paul
◉
43°
Cloudy
7:37 am4:31 pm CST
Feels like: 39°F
Wind: 5mph S
Humidity: 80%
Pressure: 29.49"Hg
UV index: 0
SatSunMonTue
34/21°F
34/18°F
39/21°F
32/19°F
Weather forecast Saint Paul, Minnesota ▸
QVC’s Gift-a-Thon Sale Has the Lowest Prices on Dyson, Tarte & More
CELEBRITY

QVC’s Gift-a-Thon Sale Has the Lowest Prices on Dyson, Tarte & More

by Minnesota Digital News
December 8, 2023
Do You Have the Flu, RSV, COVID, or the Common Cold?
HEALTH

Do You Have the Flu, RSV, COVID, or the Common Cold?

by Minnesota Digital News
December 8, 2023
The Boy and the Heron review: a beautiful relic and the end of an era
TECH

The Boy and the Heron review: a beautiful relic and the end of an era

by Minnesota Digital News
December 8, 2023
History of Macy’s Thanksgiving Day Parade balloon accidents
TRAVEL

History of Macy’s Thanksgiving Day Parade balloon accidents

by Minnesota Digital News
December 8, 2023
Xiaomi announces Redmi 13R 5G with a familiar set of specs
MOBILE

Xiaomi announces Redmi 13R 5G with a familiar set of specs

by Minnesota Digital News
December 8, 2023
Links 12/8/2023 | naked capitalism
ECONOMY

Links 12/8/2023 | naked capitalism

by Minnesota Digital News
December 8, 2023
Macau requires “completely new perspective” with art and culture as focus, says MGM China’s Pansy Ho
Gambling

Macau requires “completely new perspective” with art and culture as focus, says MGM China’s Pansy Ho

by Minnesota Digital News
December 8, 2023
18 of the Cutest Plus Size Pajamas To Keep You Warm All Season!
FASHION

18 of the Cutest Plus Size Pajamas To Keep You Warm All Season!

by Minnesota Digital News
December 7, 2023
Can nonprofits or government policies shrink local ‘news deserts’ across America? — GetReligion
Religion

Can nonprofits or government policies shrink local ‘news deserts’ across America? — GetReligion

by Minnesota Digital News
December 7, 2023
POSTPONED: HFAC Hearing on U.S. Support for Israel After Hamas … – House GOP Foreign Affairs Committee
PRESS RELEASE

ICYMI: Rubio Joins The Business Briefing | Senator Rubio – Senator Marco Rubio

by Minnesota Digital News
December 7, 2023
The Fed Will Cut Rates Six Times in 2024 Says Top Firm—What Will This Mean For Housing?
REAL ESTATE

The Fed Will Cut Rates Six Times in 2024 Says Top Firm—What Will This Mean For Housing?

by Minnesota Digital News
December 7, 2023
Working From Home? 10 Ways to Boost Your Productivity
MONEY

Working From Home? 10 Ways to Boost Your Productivity

by Minnesota Digital News
December 7, 2023
THE GOSPEL AT COLONUS at Court Theatre
ARTS & THEATER

THE GOSPEL AT COLONUS at Court Theatre

by Minnesota Digital News
December 7, 2023
WEIRD THINGS THAT ONLY EXIST IN THE USA | AMERICAN REACTS | AMANDA RAE
SHOWS

WEIRD THINGS THAT ONLY EXIST IN THE USA | AMERICAN REACTS | AMANDA RAE

by Minnesota Digital News
December 7, 2023
olive oil brownies – smitten kitchen
FOOD

olive oil brownies – smitten kitchen

by Minnesota Digital News
December 3, 2023
Bombs Burst in Air Over This Famed War of 1812 Fort
HISTORY

Bombs Burst in Air Over This Famed War of 1812 Fort

by Minnesota Digital News
December 3, 2023
Largest Shopping Mall in Chicago – Woodfield Mall – Schaumburg IL – Walking Tour
Shopping

Largest Shopping Mall in Chicago – Woodfield Mall – Schaumburg IL – Walking Tour

by Minnesota Digital News
December 3, 2023
AI chip export controls on China underfunded: Raimondo
BUSINESS

AI chip export controls on China underfunded: Raimondo

by Minnesota Digital News
December 3, 2023
Tori Spelling and Her Kids Have a Family Night Out at Jingle Ball
ENTERTAINMENT

Tori Spelling and Her Kids Have a Family Night Out at Jingle Ball

by Minnesota Digital News
December 3, 2023
Minnesota Digital News

Copyright © 2023 Minnesota Digital News

Navigate Site

  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

Follow Us

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

Copyright © 2023 Minnesota Digital News