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Eastern Bankshares Raises $1.8 Billion in Subscription Offering

TheMotleyFool

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Eastern Bankshares Raises $1.8 Billion in Subscription Offering

Eastern Bankshares raised $1.8 billion in its subscription offering and plans to start trading on the NASDAQ under the ticker EBC in mid-October, the bank said in a regulatory filing.

Because Eastern operates under the unique corporate structure of a mutual savings bank, it's depositors technically own the bank.

Source Fool.com

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