-
The nation's largest mutual has been an early adopter, using the Internet to market and originate small-business loans.
June 3 -
Some lawmakers are seething at the huge pay package handed out to a former CEO of Liberty Mutual Insurance. Their response has been to introduce new proposals on pay for mutual insurers, which could eventually apply to other financial institutions.
May 25
Eastern Bank in Boston has acquired an insurance agency in Lynnfield, Mass.
Customers of Westover Insurance Agency will be transferred to Eastern Insurance, the $8.6 billion-asset mutual's insurance subsidiary. The acquisition expands Eastern's customer base north of Boston. Eastern did not disclose the purchase price.
It is Eastern's 16th insurance acquisition since 2004. Eastern Bank is the largest mutually owned bank in the United States.
