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/

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