Eastern Bank Reopens Renovated Downtown Lowell Branch
The renovated branch at 50 Central St. held a ribbon cutting and open house with city and state officials in attendance.
Updated on Nov. 6, 2026 in Openings & Closings
Eastern Bank held a ribbon cutting and open house on Oct. 28 for its renovated downtown Lowell branch at 50 Central St. Lowell Mayor Erik Gitschier, Greater Lowell Chamber of Commerce President and CEO Linsey Former, and Eastern executives attended the celebration.
Why it matters
The renovation reflects Eastern Bank's stated commitment to continued investment in Lowell after roughly 20 years of serving local residents and businesses. The branch sits at one of the main gateways into downtown, making its upgraded facility visible to a wide range of passersby.
Eastern Bank has served Lowell for approximately 20 years, and the downtown branch operates Monday through Friday from 9 a.m. to 4 p.m. and Saturdays from 9 a.m. to noon. The renovation's cost and scope were not disclosed at the event.
The players
Eastern Bank
Eastern Bank is a Massachusetts-based bank with a long presence in the Lowell area.
Erik Gitschier
Erik Gitschier is the mayor of Lowell, Massachusetts.
Linsey Former
Linsey Former is the president and CEO of the Greater Lowell Chamber of Commerce.
The details
Eastern Bank held a ribbon cutting and open house for the renovated branch, which is led by Branch Manager Sixto DeJesus. Every member of the branch team lives in Lowell, and State Sen. Vanna Howard presented an official Massachusetts Senate citation to the bank during the celebration.
Timeline
Approximately 20 years ago: Eastern Bank began serving Lowell residents and businesses.
Oct. 28: Ribbon cutting and open house held for the renovated downtown branch.
Market Landscape
Eastern Bank's investment in a downtown Lowell branch reflects a broader pattern of community banks maintaining physical storefronts in older urban centers. The recognition by a Massachusetts state senator through an official Senate citation highlights how local financial institutions are formally acknowledged for their presence in mid-sized cities.
Lowell residents who bank with Eastern Bank can visit the downtown branch at 50 Central St. on weekdays from 9 a.m. to 4 p.m. or on Saturdays from 9 a.m. to noon. The renovated facility is now open for customer transactions.
The takeaway
Community banks that invest in physical branches in older downtown areas signal ongoing commitment to local residents and businesses. Lowell readers interested in banking options can compare branch hours and services directly on the bank's website.
Further reading
For more local business updates, browse Openings & Closings in Lowell.
More information
Visit the Eastern Bank official website for branch information and services.
Source note: This article includes information reported by Lowell Sun.
