Eastern Bank names Beata Mazen as new consumer banking strategy SVP

Published 30/09/2025, 18:36
Eastern Bank names Beata Mazen as new consumer banking strategy SVP

BOSTON - Eastern Bank announced Tuesday it has appointed Beata Mazen as Senior Vice President, Consumer Banking Strategy Manager, a newly created position at the financial institution. The appointment comes as the bank maintains a solid dividend track record, having raised its dividend for four consecutive years, according to InvestingPro data.

Mazen brings 25 years of experience in sales, customer experience and consumer banking strategies to the role. Her background includes leadership experience managing operations and customer experience processes for up to 1,000 retail locations.

Prior to joining Eastern Bank, Mazen served as Senior Vice President, Wealth & Deposit Senior Strategy Manager at Citizens Bank, where she worked as a senior retail banking strategist. Her previous experience includes roles at Bank of America as Senior Vice President, Consumer Bank Market Leader, and a decade at Citizens Bank in sales management positions.

"Over the course of her career, she has successfully led and implemented enterprise-wide initiatives leveraging the strength of the branch retail network in such areas as colleague development, productivity, operations and the customer experience," said Kimberly Dee, Executive Vice President, Consumer Banking Director at Eastern Bank, in a press release statement.

Mazen is also the founder of the non-profit Women Supporting Women, which focuses on addressing food insecurity and supporting organizations that aid women in need.

Founded in 1818, Eastern Bank operates approximately 110 branch locations across eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of June 30, 2025, the bank reported approximately $25.5 billion in assets. Eastern Bankshares, Inc. (NASDAQ:EBC) serves as the holding company for Eastern Bank. The company currently offers a dividend yield of 2.86% and has shown strong momentum with a 12.57% return over the past six months. According to InvestingPro analysis, two analysts have recently revised their earnings expectations upward, with the company expected to return to profitability this year. For deeper insights into Eastern Bankshares’ financial health and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, Eastern Bankshares Inc. reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.41, outperforming the forecasted $0.38. Additionally, Eastern Bankshares exceeded revenue projections, reporting $244.9 million against the anticipated $241.32 million. These financial results highlight the company’s strong performance during this period. In other developments, Eastern Bankshares held its 2025 annual meeting of shareholders, where five directors were elected to serve two-year terms expiring in 2027. The elected directors are Richard E. Holbrook, Deborah C. Jackson, Peter K. Markell, Linda M. Williams, and Andargachew S. Zelleke. Each nominee received significant support, with at least 161.6 million votes in favor. Shareholders also approved the executive pay package during the meeting.

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