Information
Mr. Herzog Brings Experience In A Range of Financing Solutions For Middle-Market Companies Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr.
Original sourceAI Summary
Eastern Bank appointed Jarrad Herzog as Senior VP of Asset-Based Lending. Herzog brings over a decade of middle-market financing experience. Eastern Bank focuses on various commercial financing solutions for businesses. The bank has $25.5 billion in assets as of September 2025. Eastern Bank emphasizes community support and relationship banking.
Sentiment Rationale
The addition of an experienced executive like Herzog is positive, likely improving operational efficiency and client acquisition. Historical precedents show that leadership changes can lead to expanded market share and revenue growth.
Trading Thesis
Immediate improvements in lending strategies and a potential increase in asset-based lending are expected due to Herzog's expertise. Short-term growth can be seen within the next few quarters as Herzog implements his strategies.
Market-Moving
- Eastern Bank appointed Jarrad Herzog as Senior VP of Asset-Based Lending.
- Herzog brings over a decade of middle-market financing experience.
- Eastern Bank focuses on various commercial financing solutions for businesses.
Key Facts
- Eastern Bank appointed Jarrad Herzog as Senior VP of Asset-Based Lending.
- Herzog brings over a decade of middle-market financing experience.
- Eastern Bank focuses on various commercial financing solutions for businesses.
- The bank has $25.5 billion in assets as of September 2025.
- Eastern Bank emphasizes community support and relationship banking.
Companies Mentioned
- BAC (BAC)
- JPM (JPM)
- WFC (WFC)
Corporate Developments
The hiring of a seasoned professional like Herzog is likely to enhance Eastern Bank’s lending capabilities, which are critical for increasing profitability and market presence. This change is strategically relevant for EBC as it focuses on growth in the commercial lending sector.
Mr. Herzog Brings Experience In A Range of Financing Solutions For Middle-Market Companies
Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including Commercial & Industrial and Asset-Based Lending.
"Jarrad is experienced in structuring a range of commercial lending options and excels in identifying the preferable solution to meet a company's needs, and we are excited to welcome him to Eastern Bank," said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank.
Most recently, Mr. Herzog served as Senior Vice President, Relationship Manager at Beacon Bank & Trust (formerly Berkshire Bank), where he originated and structured credit facilities and managed complex borrowing needs for clients across Greater Boston. Prior to that, he spent over 10 years at BDC Capital Corporation where he served as a Senior Vice President and specialized in Asset-Based and Commercial & Industrial Lending. Mr. Herzog is an active member in the community, serving as President of the Secured Finance Network's New England Chapter and previously on the Risk Management Association's Rising Professionals Committee. He is an active member of the Association for Corporate Growth and Turnaround Management Association, among others. Mr. Herzog earned a Bachelor of Science degree from Endicott College.
"I look forward to contributing to Eastern Bank's long-standing commitment to supporting businesses throughout the region," said Jarrad Herzog, Senior Vice President, Asset-Based Lending Relationship Manager of Eastern Bank. "Eastern's collaborative culture and focus on helping clients achieve their goals strongly align to my approach in providing personalized, relationship banking."
Eastern Bank provides a range of commercial financing offerings to help companies across many industries improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending and employee stock ownership plan-related financing.
About Eastern Bank
Founded in 1818, Eastern Bank is Greater Boston's leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of September 30, 2025, Eastern 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 and Private Banking divisions, which include the largest bank-owned independent investment adviser in Massachusetts with $9.2 billion in assets under management. Eastern 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 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/20260115613756/en/
Media contact:
Andrea Goodman
Eastern Bank
a.goodman@easternbank.com
781-598-7847
Investor contact:
Andrew Hersom
Eastern Bankshares, Inc.
InvestorRelations@easternbank.com
617-897-1177