Eastern Bankshares announced that Peter K. Markell will be the new Lead Independent Director starting January 1, 2027, as two board members resign.

EBC · Eastern Bankshares, Inc.

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Markell's long service and committee work offer continuity. Holbrook and Borgen are also leaving after serving on the Risk Management Committee, with Borgen as chair. The filing reports no disagreements or change to bank operations, so it gives no clear reason to change EBC's outlook.