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Joseph Rodolfy Joins Eastern Bank As Senior Vice President, Commercial Real Estate Relationship Manager

1. Joseph Rodolfy joins Eastern Bank as SVP, focusing on commercial real estate. 2. Rodolfy has over 13 years of experience in banking and credit analysis. 3. Eastern Bank aims for personalized commercial banking services. 4. The bank offers various commercial financing solutions for businesses. 5. Eastern Bank has $25 billion in assets, emphasizing community support.

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Why Bullish?

Rodolfy's extensive experience in commercial real estate enhances Eastern Bank's service capabilities. Similar past hires have positively impacted bank valuations, exemplifying customer relationship growth.

How important is it?

The hiring of a senior VP in commercial lending can position EBC for growth in a competitive market. Strong leadership attracts clients and may lead to increased market share.

Why Short Term?

Immediate focus on commercial lending may lead to quick revenue boosts. Market reactions can occur swiftly with management changes in financial services.

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BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to welcome Joseph Rodolfy as a Senior Vice President, Commercial Real Estate Relationship Manager. Mr. Rodolfy brings over 13 years of banking experience with a focus on commercial real estate and credit analysis. “Joseph Rodolfy’s lending background and formal training in credit analysis align strongly to our focus on delivering comprehensive commercial banking services rooted in personalized relationships, and we are excited to welcome him to Eastern Bank’s Commercial Banking team,” said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. Mr. Rodolfy joins Eastern Bank from Cambridge Savings Bank, where he spent the past decade in roles of increasing responsibility, most recently serving as Vice President and Loan Officer in the Commercial Real Estate group. In this role, he led client relationships and structured loans across all asset classes. His prior experience includes commercial credit and lending positions at TD Bank, where he also completed the bank’s formal credit training program in risk analysis, systems operations and financial accounting. He is formally credit trained having started his career as a credit officer and credit analyst in commercial lending, and is a member of the Real Estate Finance Association’s Emerging Leaders group. Mr. Rodolfy earned a Bachelor of Science degree from the University of Vermont and a Master of Business Administration degree from Southern New Hampshire University. “Eastern Bank is much admired for its leadership in community banking, and I’m excited to join the team and contribute to its success across Massachusetts, New Hampshire and beyond,” said Joseph Rodolfy, Senior Vice President, Commercial Real Estate Relationship Manager of Eastern Bank. 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 March 31, 2025, Eastern had approximately $25.0 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 division, the largest bank-owned independent investment advisor in Massachusetts with approximately $8.4 billion in assets under management, and 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: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

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