Eastern Savings Bank is a Maryland-based bank established in 1905. This century old bank still retains its fame as a locally operated bank offering strong service and competitive rates to the community; it's consumer base consists of mostly local citizens. Today, Eastern Savings bank offers deposit accounts including CDs and Savings accounts, as well as mortgage loans. The bank has four branches in Maryland, along with two lending offices, one loacted in Hunt Valley, Maryland and the other in Pittsburgh, Pennsylvania.
The bank began its life as Eastern Building and Loan Society of Baltimore City. In 1975, Eastern Building merged with Square Permanent Building and Loan and soon became known as Eastern Savings and Loan Association. In 1986, the bank officially became known as Eastern Savings Bank. While there have been many difficult times over the years – the Great Depression, the Savings and Loan Crisis of the 80's, the financial meltdown of 2008 – Eastern Savings Bank has remained strong and continues to serve its community.
Eastern Savings offers a variety of commercial and personal services. Some of the loans offered by the bank include fixed and adjustable rate mortgage loans, consumer loans, and home equity loans. To help consumers and serve them in a better way, the bank offers online customer service and telephone banking options. Consumers can learn more about their mortgage financing options just by dropping in or calling the office.
One of the nice features about community lenders like Eastern Savings Bank is that these institutions are usually very committed to the communities that they serve. In Eastern's case, the company has supported countless charities over the years, including Literacy Works and the Maryland Food Bank. Eastern Savings will also donate $5 to charity for every deposit account that a customer opens.
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