On November 28, 2022, Greg A. Shell, a member of the Board of Directors (the Board) of Eastern Bankshares, Inc. (the Company), notified the Company that he was resigning from the Board and from the Board of Directors of the Company's wholly owned subsidiary Eastern Bank, effective December 2, 2022, in connection with commencing employment with the asset management unit of a multinational investment bank and financial services company. Mr. Shell had served on the Audit and Risk Management Committees of the Board prior to his resignation. Mr. Shell did not express disagreement with the Company on any matter relating to its operations, policies, or practices.
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