{"id":881644,"date":"2025-09-03T14:04:19","date_gmt":"2025-09-03T18:04:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-announces-genuine-foods-as-an-asset-based-lending-customer\/"},"modified":"2025-09-03T14:04:19","modified_gmt":"2025-09-03T18:04:19","slug":"eastern-bank-announces-genuine-foods-as-an-asset-based-lending-customer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-announces-genuine-foods-as-an-asset-based-lending-customer\/","title":{"rendered":"Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer<\/b><\/p>\n<p><i>Provides Banking Solution To Support Growth of Foodservice Management Company<\/i><\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.easternbank.com%2F&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=Eastern+Bank&amp;index=1&amp;md5=1591149aa5d30183fbfaedbb0486a8a6\"><b>Eastern Bank<\/b><\/a> is pleased to announce Genuine Food Lab, LLC (Genuine Foods) as a new asset-based lending customer. Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K\u201312 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is committed to making fresh, high-quality school food and meals accessible to all and has delivered more than 16 million meals to public, independent and higher education academic institutions in the past year. Eastern Bank is providing a line of credit and full suite of treasury management services.<\/p>\n<p>\n\u201cGenuine Foods is a leading, national purpose-driven food service company focused on wellness and the highest quality hospitality,\u201d said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. \u201cWe\u2019re proud to support their mission and provide a customized banking solution that reflects our collaborative approach to lending and shared commitment to doing good in the communities we serve.\u201d<\/p>\n<p>\n\u201cEastern Bank\u2019s leadership as a force for good stands out and is something we appreciate given our focus on delivering real food with impact to our customers,\u201d said Jeff Mills, Founder and CEO of Genuine Foods. \u201cThe team was highly responsive to our needs, took the time to understand our vision, and created a financing and treasury management solution that supports our business goals. We\u2019re proud to work with a bank that shares our commitment to community and purpose-driven business.\u201d<\/p>\n<p>\nEastern 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.<\/p>\n<p>\nThe Commercial Banking team advising Genuine Foods includes: Executive Vice President, Chief Commercial Banking Officer Greg Buscone; Senior Vice President, Head of Asset-Based Lending Donald Lewis; and Senior Vice President, Asset-Based Lending Relationship Manager Justin Mills.<\/p>\n<p><b>About Eastern Bank<br \/>\n<br \/><\/b>Founded in 1818, Eastern Bank is Greater Boston\u2019s leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of June 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 division, the largest bank-owned independent investment advisor in Massachusetts with $8.7 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.easternbank.com%2F&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=www.easternbank.com&amp;index=2&amp;md5=26e6b8b40516a82f487aa0893ac91f32\">www.easternbank.com<\/a> and follow Eastern on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Feasternbank&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=96b759df76e74b22d6bd099087a52d68\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Feastern-bank&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=4&amp;md5=6b0c4bf2b81305acf92b79292bd72c2b\">LinkedIn<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Feasternbank%2F&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=Instagram&amp;index=5&amp;md5=e57fb3fd09886b43b2038c89c6419350\">Instagram<\/a>. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.easternbank.com%2Fhome%2Fdefault.aspx&amp;esheet=54318623&amp;newsitemid=20250903621138&amp;lan=en-US&amp;anchor=investor.easternbank.com&amp;index=6&amp;md5=f8bc530b0660aa4b5436b9232b16c330\">investor.easternbank.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250903621138r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250903621138\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250903621138\/en\/<\/a><\/span><\/p>\n<p><b>Media contact:<br \/>\n<\/b><br \/>Andrea Goodman<br \/>\n<br \/>Eastern Bank<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:a.goodman@easternbank.com\">a.goodman@easternbank.com<br \/>\n<\/a><br \/>781-598-7847<\/p>\n<p><b>Investor contact:<br \/>\n<\/b><br \/>Andrew Hersom<br \/>\n<br \/>Eastern Bankshares, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@easternbank.com\">InvestorRelations@easternbank.com<br \/>\n<\/a><br \/>860-707-4432<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Retail Finance Asset Management Banking Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250903621138\/en\/2569451\/3\/Eastern_Bank_Join_Us_For_Good_Logo_-_Aug_2020.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer Provides Banking Solution To Support Growth of Foodservice Management Company BOSTON&#8211;(BUSINESS WIRE)&#8211;Eastern Bank is pleased to announce Genuine Food Lab, LLC (Genuine Foods) as a new asset-based lending customer. Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K\u201312 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is committed to making fresh, high-quality school food and meals accessible to all and has delivered more than 16 million meals to public, independent and higher education academic institutions in the past year. Eastern Bank is providing a line of credit and full suite of treasury management &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-announces-genuine-foods-as-an-asset-based-lending-customer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer&#8221;<\/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-881644","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eastern Bank Announces Genuine Foods As An Asset-Based Lending 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-announces-genuine-foods-as-an-asset-based-lending-customer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Eastern Bank Announces Genuine Foods As An Asset-Based Lending Customer Provides Banking Solution To Support Growth of Foodservice Management Company BOSTON&#8211;(BUSINESS WIRE)&#8211;Eastern Bank is pleased to announce Genuine Food Lab, LLC (Genuine Foods) as a new asset-based lending customer. Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K\u201312 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is committed to making fresh, high-quality school food and meals accessible to all and has delivered more than 16 million meals to public, independent and higher education academic institutions in the past year. 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Founded in 2013, Genuine Foods is a Boston-based foodservice management company that specializes in providing quality food for K\u201312 schools, higher education institutions, senior living communities and specialty venues across 16+ states. The company is committed to making fresh, high-quality school food and meals accessible to all and has delivered more than 16 million meals to public, independent and higher education academic institutions in the past year. 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