{"id":936670,"date":"2026-02-12T13:33:07","date_gmt":"2026-02-12T18:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-provides-financing-to-support-bostonbean-coffee-companys-transition-to-employee-ownership\/"},"modified":"2026-02-12T13:33:07","modified_gmt":"2026-02-12T18:33:07","slug":"eastern-bank-provides-financing-to-support-bostonbean-coffee-companys-transition-to-employee-ownership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-provides-financing-to-support-bostonbean-coffee-companys-transition-to-employee-ownership\/","title":{"rendered":"Eastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership"},"content":{"rendered":"

<\/p>\n

Eastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–Eastern Bank<\/b><\/a> today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company\u2019s ongoing working capital needs.<\/p>\n

\nFounded more than 60 years ago, BostonbeaN delivers and restocks a range of workplace products from coffee and tea to healthy snacks and breakroom essentials serving companies across the region. \u201cEmployees have always been central to BostonbeaN\u2019s growth and success,\u201d said Peter Johnson, Owner of BostonbeaN. \u201cTransitioning to 100% employee ownership is a meaningful way to recognize their contributions and support our company\u2019s success and culture well into the future. Eastern Bank\u2019s team demonstrated exceptional expertise in ESOP financing and a strong knowledge of our business, and their collaborative approach allowed this transition to come together smoothly and efficiently.\u201d<\/p>\n

\n\u201cBostonbeaN\u2019s decision to become employee-owned reflects a commitment to its business and rewarding the people who drive its success,\u201d said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. \u201cWe are pleased to support their ESOP transition and look forward to providing comprehensive banking services for their ongoing operations.\u201d<\/p>\n

\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

\nThe Commercial Banking team advising BostonbeaN includes: Executive Vice President, Chief Commercial Banking Officer Greg Buscone; Senior Vice President and Commercial Group Director Dan Field; Senior Vice President and Commercial Team Leader David Nussbaum; Senior Vice President and Commercial Team Leader Manager Frank Coccoluto; and Vice President and Portfolio Manager Sarah McCabe.<\/p>\n

About Eastern Bank<\/b><\/p>\n

\nFounded in 1818, Eastern Bank is Greater Boston\u2019s leading local bank with more than 125 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of December 31, 2025, Eastern had approximately $30.6 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 and Private Banking Divisions, which include the largest bank-owned independent investment adviser in Massachusetts with $9.6 billion in assets under management. Eastern takes pride in its 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<\/a> and follow Eastern on Facebook<\/a>, LinkedIn<\/a> and Instagram<\/a>. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260212363189\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Andrea Goodman
\n
Eastern Bank
\n
a.goodman@easternbank.com<\/a>\u00a0
\n
781-598-7847
\n<\/p>\n

Investor Contact:
\n<\/b>
Andrew Hersom
\n
Eastern Bankshares, Inc.
\n
InvestorRelations@easternbank.com
\n<\/a>
617-897-1177<\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Consulting 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 Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership BOSTON–(BUSINESS WIRE)–Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company\u2019s ongoing working capital needs. Founded more than 60 years ago, BostonbeaN delivers and restocks a range of workplace products from coffee and tea to healthy snacks and breakroom essentials serving companies across the region. \u201cEmployees have always been central to BostonbeaN\u2019s growth and success,\u201d said Peter … <\/p>\n

Continue reading “Eastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership”<\/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-936670","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership - 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-provides-financing-to-support-bostonbean-coffee-companys-transition-to-employee-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Eastern Bank Provides Financing To Support BostonbeaN Coffee Company\u2019s Transition To Employee Ownership BOSTON–(BUSINESS WIRE)–Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as a revolving line of credit to support the company\u2019s ongoing working capital needs. 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