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Eastern Bank is top SBA lender in Mass.

Eastern Bank said it ranks as the top Small Business Administration lender in Massachusetts for the fourth straight year.

Boston-based Eastern Bank made 400 SBA loans in Massachusetts totaling more than $23 million, according to figures from the SBA’s Boston District Office. By SBA calculations, those loans collectively created nearly 500 jobs and retained about 1,700 others.

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“Eastern Bank understands that successful small businesses are vital to our local and national economy,” Richard E. Holbrook, Eastern Bank chairman and chief executive, said in a statement.

Eastern Bank has about $8 billion in assets and more than 90 branches serving communities from the Merrimack Valley to Cape Cod.

Chris Reidy can be reached at
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