HoldCo Asset Management, a Florida-based investment firm managing approximately $2.6B in regulatory assets under management, issued a presentation to the Independent Board of Directors of Eastern Bankshares (EBC) entitled “Some of our shareholders would hear me say this and get very upset that I wasn’t talking about our purpose being for the shareholders.” In the presentation, HoldCo disclosed that it owns common stock of Eastern Bankshares and consequently has an economic interest in the price of these securities.
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