{"id":401234,"date":"2020-12-16T14:33:05","date_gmt":"2020-12-16T19:33:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401234"},"modified":"2020-12-16T14:33:05","modified_gmt":"2020-12-16T19:33:05","slug":"eastern-bank-welcomes-alarm-detection-systems-inc-as-a-commercial-customer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-welcomes-alarm-detection-systems-inc-as-a-commercial-customer\/","title":{"rendered":"Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer"},"content":{"rendered":"

<\/p>\n

Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer<\/b><\/p>\n

Security Alarm Lending Group Selected By Family-Owned Business For Full Banking Solution Including $10 Million Loan Facility For Working Capital<\/i><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–Eastern Bank<\/a> is pleased to announce Alarm Detection Systems, Inc. as a new commercial banking customer. Family owned and operated since it was founded in 1968, Illinois-based Alarm Detection Systems (ADS) is one of the largest security companies in the United States according to rankings by SDM Magazine and offers both business and home security systems. Eastern is providing a full banking solution to ADS, which includes a revolving line of credit for working capital and expansion plans as well as comprehensive cash management services and solutions.\n<\/p>\n

\n\u201cThe team at Eastern brings decades of experience serving security alarm businesses, and we look forward to working with them for our treasury, working capital and financing needs,\u201d said Robert Bonifas, Founder, President and CEO of Alarm Detection Systems.\n<\/p>\n

\n\u201cAlarm Detection Systems has been supplying alarm systems and services for more than 50 years, and we are pleased to welcome them as a customer,\u201d said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank.\n<\/p>\n

\nEastern provides a range of commercial financing offerings to help companies across many industries to 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 and asset based lending.\n<\/p>\n

\nThe Commercial Banking team advising Alarm Detection Systems includes Executive Vice President, Senior Commercial Banking Officer Greg Buscone, Senior Vice President and Commercial Team Leader Brendan O\u2019Neill, and Senior Vice President and Commercial Relationship Manager Matthew Hunt.\n<\/p>\n

\nMark Sandler of SPP Advisors represented Alarm Detection Systems.\n<\/p>\n

About Eastern Bank
\n
<\/strong>Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of September 30, 2020, Eastern Bank had approximately $15.5 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 subsidiary. Eastern takes pride in its outspoken advocacy and community support that has exceeded $140 million in charitable giving since 1999. An inclusive company, Eastern employs 1,800+ deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com<\/a> and follow Eastern on Facebook<\/a>, LinkedIn<\/a>, Twitter<\/a> and Instagram<\/a>. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the stock holding company for Eastern Bank. For investor information, visit investor.easternbank.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201216005907\/en\/<\/a><\/span><\/p>\n

Media contact:
\n<\/b>
Andrea Goodman
\n
Eastern Bank
\n
a.goodman@easternbank.com
\n<\/a>
781-598-7847<\/p>\n

Investor contact:
\n<\/strong>
Jill Belliveau
\n
Eastern Bankshares, Inc.
\n
InvestorRelations@easternbank.com
\n<\/a>
781-598-7920\n<\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer Security Alarm Lending Group Selected By Family-Owned Business For Full Banking Solution Including $10 Million Loan Facility For Working Capital BOSTON–(BUSINESS WIRE)–Eastern Bank is pleased to announce Alarm Detection Systems, Inc. as a new commercial banking customer. Family owned and operated since it was founded in 1968, Illinois-based Alarm Detection Systems (ADS) is one of the largest security companies in the United States according to rankings by SDM Magazine and offers both business and home security systems. Eastern is providing a full banking solution to ADS, which includes a revolving line of credit for working capital and expansion plans as well as comprehensive cash management services and solutions. \u201cThe … <\/p>\n

Continue reading “Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401234","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-welcomes-alarm-detection-systems-inc-as-a-commercial-customer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Bank Welcomes Alarm Detection Systems, Inc. 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