Eastern Bank announced on 2025-10-10 that it has secured NEI General Contracting as a new commercial banking customer. The agreement provides NEI with a $30 million working‑capital line of credit, three real‑estate loans to refinance existing facilities, and a full suite of treasury management services.
NEI General Contracting, founded in 1998, is a leading general contractor specializing in affordable and market‑rate housing. With operations in Boston, Florida, and Texas, the partnership expands Eastern Bank’s commercial lending footprint into the Southeast and Southwest, aligning with the bank’s strategy to grow in high‑growth construction markets.
Greg Buscone, Eastern Bank’s Executive Vice President and Chief Commercial Banking Officer, said, “NEI General Contracting has built a reputation for excellence in affordable housing and community development, and we’re thrilled to welcome them to Eastern Bank. Their work is transforming neighborhoods and creating opportunities for individuals and families across the region.”
Josef Rettman, President of NEI General Contracting, added, “We’re excited to begin our relationship with Eastern Bank. Their team understands the unique demands of the construction industry and the importance of local market expertise. Eastern’s responsiveness and commitment to building strong relationships made them the right choice for our growing business.”
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