Meridian Bancorp, Inc. Announces 25% Increase in Quarterly Dividend and New Stock Repurchase Program

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BOSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) — Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.10 per common share, an increase of $0.02 per common share, or 25%, payable on April 1, 2021 to stockholders of record at the close of business on March 18, 2021. The Company also announced that it has adopted a new stock repurchase program for up to 1,000,000 shares, or…

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