Eastern Bank Expands Asset Based Lending Team

Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce that Daniel J. Bolger has joined its Commercial Lending Division as Senior Vice President, Asset Based Lending. Dan has spent his entire career in banking focused on Asset Based Lending (ABL) transactions with increasing responsibility. Prior to joining Eastern, he spent five years at Citizens Bank, most recently as Senior Originator responsible for originating new ABL relationships ranging from $10 million sole bank transactions to multi-hundred million dollar syndicated facilities.

“It’s a pleasure to welcome Dan to Eastern,” said Jan Miller, Vice Chair and Chief Commercial Banking Officer of Eastern Bank. “As we enhance our ABL offering, we look forward to the experience he brings in serving customer needs across the full range of ABL transactions.”

Dan joins Eastern’s ABL group following the 2018 arrival of Donald Lewis as Senior Vice President and Head of Asset Based Lending. Eastern’s commercial banking team primarily services businesses throughout New England with between $10 million and $500 million in revenue by offering a range of financing and financial services options, including lines of credit, equipment loans, acquisition and business expansion financing, cash management, treasury services, and commercial insurance. Eastern offers asset based loan facilities to customers that include companies with high seasonal borrowing needs or asset intensive businesses that find asset based lending a preferable solution to typical commercial lending.

Dan began his career at TD Bank as a Commercial Credit Analyst and Portfolio Manager. He later joined Wells Fargo Capital Finance as ABL Relationship Manager/Vice President before becoming Vice President, Originations at Citizens Bank. He is a past president of the New England Chapter of the Secured Finance Network, formerly the Commercial Finance Association (CFA), and was recognized with a 2017 CFA 40 Under 40 Award. Dan earned his BS degree in Finance from Bentley University.

About Eastern Bank

Founded in 1818, Boston-based Eastern Bank is America’s oldest and largest mutual bank, with over $11 billion in assets and more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Eastern provides exceptional access to fairly priced banking, investment, and insurance products and services for consumers and businesses of all sizes. Eastern Bank, which includes Eastern Wealth Management and Eastern Insurance, is known for its outspoken advocacy and community support that has exceeded more than $140 million in charitable giving since 1999. An inclusive company, Eastern employs 1,900+ deeply committed professionals who value relationships with their customers, colleagues, and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, Twitter, and Instagram.