Eastern Bank ‘excited’ to take over Century’s cannabis business – Boston Business Journal

Eastern Bank plans to continue Century Bank’s marijuana-banking business once it acquires its competitor later this year, Eastern’s chief executive told the Boston Business Journal. Century Bank was the first Massachusetts bank to accept deposits from marijuana-linked businesses and remains one of only a handful willing to do so today. With Eastern set to acquire Century for $642 million, that business will live on, Eastern CEO Bob Rivers said.
— Read on www.bizjournals.com/

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: