Eastern excited to take over Century Banks cannabis business

By The Business Journals5 days ago


Eastern Bank plans to continue Century Banks 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.

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