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June 29th, 2010


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09:23 am
Wainwright Bank is being bought by Eastern Bank.
http://www.prnewswire.com/news-releases/eastern-bank-corporation-announces-agreement-to-acquire-wainwright-bank--trust-company-97379979.html
The article linked says Eastern plans to continue their commitment to social justice, yadda yadda. Eastern Bank also has received awards for highest customer satisfaction in New England, so that's a point in their favor as well.

I'm definitely taking a wait and see on this one, maybe we'll get a better web-banking portal out of the deal! Wainwright's is pretty miserable.
mood: calmcalm

(9 bits of drivel | babble incoherently)

Comments:


From:veek
Date:June 29th, 2010 01:31 pm (UTC)
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For what it's worth, I have my car loan through Eastern, and when the MA RMV was giving me sh*t about not having the title as I was registering my car (the BANK has the title, morons), Eastern bent over backwards to make things go more smoothly for me.

I hate Wainwright with a bright burning passion, so my initial reaction to this news is YAY.
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From:inahandbasket
Date:June 29th, 2010 02:03 pm (UTC)
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Yeah, I remember that rant of yours.

This part in particular is so very true: "You’re socially responsible and local and all kinds of nifty, but you don’t do the banking part well"
They irritate me on a regular basis as a bank, but luckily we've been in a place to take the long view of these things since we started banking with them.
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From:moominmolly
Date:June 29th, 2010 02:01 pm (UTC)
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Oh! I sure do hope that goes well, because all of my eggs are in that thar basket. I also loathe Wainwright's web banking with a burning and inappropriate passion.
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From:spike
Date:June 29th, 2010 02:03 pm (UTC)
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If you bail on Wainwright, let me know, because I can suggest some great alternate uses for a burning and inappropriate passion.

As for me, it's time to go USAA I think. Depositing checks with my iPhone? Yes, please.
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From:inahandbasket
Date:June 29th, 2010 02:04 pm (UTC)
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I love the concept! It's terrifyingly awesome...
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From:moominmolly
Date:June 29th, 2010 02:18 pm (UTC)
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Oh, USAA. Hey. I may have to finally give that a good long look for something other than car insurance.
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From:inahandbasket
Date:June 29th, 2010 02:04 pm (UTC)
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meeee toooo...
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From:mizarchivist
Date:June 29th, 2010 03:20 pm (UTC)
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I dislike non-voluntary banking changes. I hope it ends up being net win. Hey- a few more available ATMs? That'd really be OK.
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From:totient
Date:June 29th, 2010 04:07 pm (UTC)
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I was frustrated when Wainwright started pulling ATMs out of the SUM network. Eastern seems to be better about that -- I wonder if they'll put any of them back in. I know, a lot to hope for.
Wainwright Bank is being bought by Eastern Bank.… - another LJ. or: how i learned to stop worrying and love this life-thingy

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