Eastern Bank is pleased to welcome David Ciolfi as a Senior Vice President, Team Lead for Business Development with Cambridge Trust Private Banking, a Division of Eastern Bank. Mr. Ciolfi has over two decades of experience in financial and investment advisory services across private banking and wealth offerings.

“David Ciolfi brings an entrepreneurial mindset and deep understanding of the private banking and wealth management needs in the Northeast region, and we are thrilled to welcome him to the team,” said Kerri Mooney, Executive Vice President of Private Banking for Eastern Bank.

Mr. Ciolfi most recently served as Senior Advisor at Citizens Private Wealth where he led private wealth efforts across Greater Boston, Connecticut, New York and Rhode Island, consistently bringing a client-centric and innovative approach. He spearheaded the growth of Citizens Private Wealth in Connecticut and New York, successfully grew the Private Wealth division in Providence, and led a market launch in the boroughs of New York and Long Island. His understanding of value-add solutions for clients led to new ways to deliver what clients seek, including specialist teams of investment managers, wealth strategists, and trust, estate and tax planning experts to deliver comprehensive, client-focused financial planning, thought leadership and community engagements. He previously served as Senior Vice President, Wealth Advisor at Wells Fargo Private Bank. Earlier in his career, he held senior roles at Citizens Private Wealth, including Senior Vice President of Consumer Bank Strategy, and spearheaded Private Wealth’s business development efforts in the Northeast. Mr. Ciolfi earned a Bachelor of Arts degree from the College of the Holy Cross and a Master of Business Administration degree from Babson College. He is a Certified Wealth Strategist (CWS®), and holds FINRA Series 7 and 66 licenses.

“Cambridge Trust Private Banking understands the importance of delivering exceptional client service and personalized, comprehensive solutions to help individuals throughout their financial journeys, and I am excited to come on board and help with the offering,” said David Ciolfi, Senior Vice President, Team Lead for Business Development of Cambridge Trust Private Banking, a Division of Eastern Bank.

Cambridge Trust Private Banking, a Division of Eastern Bank, offers more than just financial services—it provides a personalized banking experience that understands an individual’s unique needs, priorities and values. Whether in the early stage of a career, the mainstream of building wealth, or the preparation of transferring wealth, private bankers help individuals reach their goals. Recognizing personal and professional financial needs are often interconnected, the team also works with a range of companies and organizations, including multi-generational businesses, to address their private banking goals.

About Eastern Bank Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of March 31, 2025, Eastern had approximately $25.0 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment advisor in Massachusetts with approximately $8.4 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of 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, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

Media contact: Andrea Goodman Eastern Bank a.goodman@easternbank.com 781-598-7847

Investor contact: Andrew Hersom Eastern Bankshares, Inc. InvestorRelations@easternbank.com 860-707-4432

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