Eastern Bank working with Alarm New England Deal includes a revolving line of credit for working capital
By SSN Staff
Updated 9:06 AM CST, Fri December 4, 2020
BOSTON, Mass.—Eastern Bank recently announced Alarm New England as a new commercial banking customer, providing a revolving line of credit for working capital and expansion as well as comprehensive cash management services and solutions.
“Alarm New England has been serving individuals, families and businesses with security products and services for nearly 50 years, and we have grown locally into a leading alarm company in the region,” said Doug Curtiss, CEO and Founder of Alarm New England. “We’re pleased to work with Eastern Bank for our capital and financing needs to support our plans for growth.”
Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2020, Eastern Bank had approximately $14.0 billion in total assets. Eastern provides a range of commercial financing offerings to help local companies across many industries to improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing and asset based lending.
“For generations, families and businesses across our local communities have relied upon Alarm New England for security solutions, and we look forward to serving as its banking partner,” said Greg Buscone, executive vice president, senior commercial banking officer of Eastern Bank.
The Commercial Banking team advising Alarm New England includes Executive Vice President, Senior Commercial Banking Officer Greg Buscone, Senior Vice President and Commercial Team Leader Brendan O’Neill, Senior Vice President and Commercial Relationship Manager Matthew Hunt and Vice President and Commercial Portfolio Manager Stephen Justus.
Founded in 1972, Alarm New England is a family owned and operated provider of security solutions and technology. Based in Rocky Hill, Conn., Alarm New England also operates in Massachusetts and Rhode Island.
Mark Sandler of SPP Advisors represented Alarm New England.
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