Eastern Bank Adds Several New Members to Management Committee

Eastern Bank appointed Gregory P. Buscone executive vice president and senior commercial banking officer, Martha A. Dean executive vice president and senior operations director, Timothy J. Lodge president and CEO of Eastern Insurance Group, Matthew A. Osborne executive vice president and senior commercial banking officer and Sujata Yadav executive vice president and chief marketing officer. As part of the appointments, Buscone, Dean, Lodge, Osborne and Yadav joined the bank’s management committee.

“We are thrilled to welcome Greg, Martha, Tim, Matt and Sujata to Eastern’s management committee and look forward to their continued contributions,” Bob Rivers, CEO and chair of the board of Eastern Bankshares and Eastern Bank, said. “Their diverse range of expertise, tenure at Eastern and community and industry involvement will serve our organization and planning of strategic objectives well.”

Eastern Bank’s management committee is comprised of the company’s 14 most senior executives. Sixty-four percent of its members are women, people of color and/or younger than 50 years of age.

Buscone joined Eastern Bank in 2017 as senior vice president and regional group head in commercial banking with responsibility for Eastern Bank’s commercial and industrial lending portfolio, which includes working capital lines of credit, equipment term loans, real estate loans, acquisition financing and asset-based lending, with specialties in security alarm-, franchise- and employee stock ownership plan-related financing. He was promoted to executive vice president and senior commercial banking officer in 2019.

Prior to Eastern Bank, Buscone spent 17 years at Citizens Bank, serving as a senior vice president and market manager for middle-market and specialized lending in Massachusetts. Buscone sits on the board of directors of Bay Cove Human Services, where he is treasurer and chairs the investment committee, and the Associated Industries of MA, where he co-chairs its diversity and inclusion committee.

A native of Lowell, MA, Dean has worked in operations at various banking institutions in Massachusetts for more than 35 years. Her experience includes managing deposit operations, electronic services, loan operations, loan processing, compliance, internal audit, technology, information security and operational risk. She joined Eastern Bank in 2014 as senior vice president of operational risk management and was promoted to senior vice president of operations in 2018 and to executive vice president of operations in 2021.

Dean’s prior experience includes serving as chief operations and risk officer at Centreville Savings Bank, chief operating officer at Grafton Suburban Credit Union, chief operations officer and CIO at Wainwright Bank and chief operations officer at Commonwealth National Bank, a de novo bank. She is a board member of Operation ABLE.

Lodge has more than 23 years of experience in the insurance industry. He joined Eastern Insurance Group in 2013 and has taken on roles of increasing responsibility, including as executive vice president of commercial lines prior to his appointment as president and CEO of Eastern Insurance Group in January.

Lodge began his career as a casualty underwriter with Chubb Group of Insurance Companies, and he later spent 12 years at Aon Risk Solutions, where he held a variety of roles, including as senior vice president. He is experienced with risk identification, risk mitigation and risk transfer strategies. He is also a board member of Junior Achievement and the Insurance Industry Charitable Foundation. He holds a certified insurance counselor (CIC) designation, is a member of the Society of Certified Insurance Counselors and has been active in several other industry organizations.

Osborne is responsible for Eastern Bank’s commercial real estate and community development lending divisions, with services including investor commercial real estate, non-profit, higher education, affordable housing and tax credit sponsored financing.

Osborne joined Eastern Bank in 1998 after beginning his career with The Hibernia Savings Bank in Quincy, MA. He was promoted to executive vice president and senior commercial banking officer in 2019. He serves as a board member of both the Metro South Chamber of Commerce and the South Shore Hospital Charitable Foundation. He is a founding member of the Brockton Partnership, a group dedicated to furthering economic development in Brockton, MA.

Yadav joined Eastern Bank as senior vice president and consumer lending director in 2017. Under her leadership, Eastern Bank launched its first fully integrated online platforms for unsecured lending and home equity. She later took on additional responsibility for product marketing and analytics and has helped improve Eastern Bank’s product marketing and performance measurement capabilities. She was promoted to executive vice president and chief marketing officer in 2021.

Prior to Eastern Bank, Yadav worked at Citibank for 14 years in both national and international leadership roles across the consumer bank, consistently achieving growth and profitability through integrated omnichannel marketing, product development and portfolio optimization strategies. Yadav is a member of the board of directors for the United Way of Mass Bay and Merrimack Valley and also serves on the board of advisors for Winchester Hospital.

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