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Eastern Bank Names Local LGBTs to Boards

Posted by Jim Lopata  March 5, 2012 06:53 PM

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Massachusetts-based Eastern Bank named three prominent local LGBTs to its Boards of Trustees and Corporators on today, March 5.

President and CEO of AIDS Action Committee Rebecca Haag is now a member of Eastern Bank's Board of Trustees.

And Founder and Executive Director of the Massachusetts Transgender Political Coalition Gunner Scott and Executive Director of MassEquality Kara Suffredini have joined the bank's Board of Corporators.

Monday's announcement follows last Wednesday's bestowal of a MassEquality Icon Award on Eastern Bank for its leadership in the LGBT community.

Founded in 1818, Eastern Bank has been making dramatic inroads with the LGBT community since its acquisition in 2010 of Wainwright Bank. Wainwright was widely recognized for its support of LGBT concerns and counted hundreds LGBT organizations as clients. The bank notably allowed the use of its conference room facilities for Boston Pride Committee meetings for many years.

Eastern Bank has continued Wainwright's LGBT outreach and furthered it with the addition of Haag, Scott, and Suffredini to its governance structure.

The Eastern Bank press release is below.

Eastern Bank names 11 individuals to its Boards of Trustees, Corporators
Diverse group includes leaders in the Greater Boston Latino and LGBT communities
            BOSTON, March 5, 2012 – Eastern Bank, a full-service commercial bank headquartered in Boston, is proud to announce the addition of five accomplished individuals to its Board of Trustees and six additional well-respected professionals to its Board of Corporators.
“Eastern Bank is very fortunate to have such a talented group of individuals added to our governance structure, and looks forward to their input and guidance in helping us further achieve our mission,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.
Eastern Bank’s new Trustees are:
·        Ferdinand Alvaro, Jr., of Marblehead, Partner-In-Charge, Boston Office, Gonzalez, Saggio & Harlan, LLP;
·        Phyllis Barajas, of East Watertown, Executive Director, Conexión;
·        Rebecca Haag, of Boston, President & CEO, AIDS Action Committee;
·        Lloyd L. Hamm, Jr., of Upton, Chief Operating Officer and Founding Dean of the School of Business, Anna Maria College;
·        Antonio Lopez, of Methuen, Lopez, Chaff & Wiesman Associates.
Eastern Bank’s new Corporators are:
·        Zamawa Arenas, of Boston, Principal, ARGUS;
·        Josefina Bonilla, of Brookline, Managing Director of Color Media Group, LLC;
·        Eva Millona, of Worcester, Executive Director of Massachusetts Immigrant and Refugee Advocacy Coalition (MIRA);
·        Juan Carlos Morales, of Scituate, Senior Managing Director and Chief Financial Officer, State Street Global Advisors;
·        Gunner Scott, of Jamaica Plain, founding member and Executive Director of the MassachusettsTransgender Political Coalition (MTPC);
·        Kara Suffredini, of Somerville, Executive Director, MassEquality.
The corporate powers of Eastern Bank Corporation are vested in individuals who are known as Corporators.  As Corporators, these individuals do not have a financial interest in, and receive no financial benefit from Eastern Bank.  Corporators represent the interests of the local community and, for governance purposes, are similar to stockholders. 
The Corporators elect Trustees who are responsible for determining how Eastern Bank Corporation conducts business.  Corporators also have the authority to approve significant corporate activities, such as a change in corporate structure. The Bank’s Board of Directors is elected by the Board of Trustees. 
About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent bank headquartered in Boston, and the oldest and largest mutual bank in the United States, with $7.6 billion in assets and 95 banking and 20 insurance offices serving communities from the Merrimack Valley to Cape Cod.  Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way.  Eastern Bank includes Eastern Wealth Management and Eastern Insurance. For more information, visit

This blog is not written or edited by or the Boston Globe.
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About the author: Boston Spirit Magazine’s daily blog brings you all of the information you need on New England’s LGBT community. In addition to highlighting local and national LGBT news, we will also highlight local leaders from the worlds of business, politics, fashion and entertainment and keep you up-to-date on all the latest events and parties, hot spots for travel, shopping, dining, and more!

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