{"id":970761,"date":"2026-06-04T13:33:01","date_gmt":"2026-06-04T17:33:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-provides-financing-to-support-surety-bond-professionals-transition-to-employee-ownership\/"},"modified":"2026-06-04T13:33:01","modified_gmt":"2026-06-04T17:33:01","slug":"eastern-bank-provides-financing-to-support-surety-bond-professionals-transition-to-employee-ownership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eastern-bank-provides-financing-to-support-surety-bond-professionals-transition-to-employee-ownership\/","title":{"rendered":"Eastern Bank Provides Financing To Support Surety Bond Professionals\u2019 Transition To Employee Ownership"},"content":{"rendered":"

<\/p>\n

Eastern Bank Provides Financing To Support Surety Bond Professionals\u2019 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 Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to support the company\u2019s ongoing working capital needs, cash management solutions, as well as the availability of a comprehensive range of wealth management and retirement planning services.<\/p>\n

\nSurety Bond Professionals delivers comprehensive contract bonding solutions to construction contractors nationwide, including bid, performance, payment, subdivision, supply and maintenance bonds. It works across a range of contractor types, including general contractors, HVAC, plumbing, solar\/EPC, demolition, roofing and masonry. SBP also works with a network of CPAs and construction attorneys that provide contractors with additional resources for growing their business.<\/p>\n

\n\u201cSurety Bond Professionals was built with a deep commitment to integrity, personal service, long-term relationships and exceeding the expectation of what a bonding experience should be,\u201d said Mark Leskanic, Founder and President of Surety Bond Professionals. \u201cTransitioning to employee ownership is a natural extension of our philosophy and recognizes the critical role of our team in serving our clients\u2019 needs. We wanted a bank that understands ESOPs and works as an extension of our team, and Eastern Bank\u2019s experience, collaboration and daily communications made them an ideal choice.\u201d<\/p>\n

\n\u201cSurety Bond Professionals has built a strong, client-focused platform centered around its deep surety expertise and commitment to excellent service,\u201d said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. \u201cWe are proud to support their commitment to employee ownership with a tailored, relationship-driven financing solution.\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 Surety Bond Professionals 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; Relationship Manager Tom Barcikowski; and Vice President and Portfolio Manager Sarah McCabe.<\/p>\n

About Eastern Bank
\n
<\/b>Founded 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 March 31, 2026, 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 $9.8 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: 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\/20260604319885\/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
a.hersom@easternbank.com
\n<\/a>
617-897-1177<\/p>\n

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

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

MEDIA:<\/b><\/p>\n\n\n\n\n
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Eastern Bank Provides Financing To Support Surety Bond Professionals\u2019 Transition To Employee Ownership BOSTON–(BUSINESS WIRE)–Eastern Bank today announced it has provided financing to support the conversion of Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to support the company\u2019s ongoing working capital needs, cash management solutions, as well as the availability of a comprehensive range of wealth management and retirement planning services. Surety Bond Professionals delivers comprehensive contract bonding solutions to construction contractors nationwide, including bid, performance, payment, subdivision, supply and maintenance bonds. It works across a range of contractor types, including … <\/p>\n

Continue reading “Eastern Bank Provides Financing To Support Surety Bond Professionals\u2019 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-970761","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEastern Bank Provides Financing To Support Surety Bond Professionals\u2019 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-surety-bond-professionals-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 Surety Bond Professionals\u2019 Transition To Employee Ownership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Eastern Bank Provides Financing To Support Surety Bond Professionals\u2019 Transition To Employee Ownership BOSTON–(BUSINESS WIRE)–Eastern Bank today announced it has provided financing to support the conversion of Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to support the company\u2019s ongoing working capital needs, cash management solutions, as well as the availability of a comprehensive range of wealth management and retirement planning services. Surety Bond Professionals delivers comprehensive contract bonding solutions to construction contractors nationwide, including bid, performance, payment, subdivision, supply and maintenance bonds. 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