# Eastern Bankshares, Inc. (EBC) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_36cd1b707c0aa1ad6511 · retrieved 2026-08-11T16:15:06.273Z

## Overview
Eastern Bankshares, Inc. is the holding company for Eastern Bank, a Massachusetts-based bank with approximately $31.1 billion in assets serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island, offering banking and wealth management solutions.

Eastern Bankshares' Board of Directors approved a share repurchase program authorizing the company to purchase up to 11.35 million shares, representing 5% of outstanding common stock, with purchases to occur in open market or privately negotiated transactions through December 31, 2027. The Federal Reserve Board of Governors issued non-objection notice on July 16, 2026.

## Terms
- Stake: 5%

## Key dates
- Announced 2026-07-23 · Expiry 2027-12-31

## Timeline
- 2026-07-23 · 8-K (0001628280-26-049409): 8-K - Eastern Bankshares, Inc. — *Eastern Bankshares, Inc. is the holding company for Eastern Bank, a Massachusetts-based bank with approximately $31.1 billion in assets serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island, offering banking and wealth management solutions.* Eastern Bankshares' Board of Directors approved a share repurchase program authorizing the company to purchase up to 11.35 million shares, representing 5% of outstanding common stock, with purchases to occur in open market or privately negotiated transactions through December 31, 2027. The Federal Reserve Board of Governors issued non-objection notice on July 16, 2026.
  https://www.sec.gov/Archives/edgar/data/1810546/0001628280-26-049409.txt

## Citations
- 0001628280-26-049409 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026049409