Private Banking Business Development Officer

Eastern Bank

. Develop new deposit and treasury management relationships for small and midsize businesses, nonprofit organizations, business professionals, and high-net-worth individuals .

Posted 10/24/2026full-timeBoston • Massachusetts • United StatesMid-LevelSenior💰 $108,896 - $178,901 per yearWebsite

About the role

Key responsibilities & impact

Develop new deposit and treasury management relationships for small and midsize businesses, nonprofit organizations, business professionals, and high-net-worth individuals
Achieve prescribed goals in deposit and revenue growth and refer wealth management opportunities
Support the bank's CRA efforts and target verticals
Participate in new business development activities with prospective and existing clients to increase market share and achieve growth targets in deposits, wealth, and revenue
Collaborate with business partners to enhance relationships and deliver a private bank experience
Refer clients and prospects to Commercial Lending, Wealth Management, Treasury Services, and Residential Lending for cross-selling
Maintain extensive knowledge of deposit, lending, and treasury management solutions
Provide a high level of client service through continuous improvement in knowledge, productivity, and job efficiency
Contribute to new product development to increase the Bank's penetration of target clients and markets
Participate in industry, community, and civic organizations/programs to market and promote the Bank's products and services
Prepare monthly sales tracking/call reports documenting client contacts, discussions, and additional deposit and loan activity
Monitor the business climate and report observations and recommendations affecting business decisions
Seek opportunities to improve the Bank's competitive position
Perform other duties as assigned

Requirements

What you’ll need

High school diploma or GED
Bachelor's degree in business, finance, or related field preferred
Minimum 5+ years of private banking, commercial banking, or business development/sales experience in a client-facing sales role with successful business development outcomes
Regular in-market site visits to prospect/client businesses required
Strong knowledge of financial institution policies and procedures
Ability to clearly communicate information and ideas so others will understand
Strong community ties
Proven track record of sales/business development success
Industry expertise in key verticals preferred

Benefits

Comp & perks

Medical insurance
Dental insurance
Vision insurance
Life insurance
Disability insurance
Retirement plan
Vacation
Tuition reimbursement
Comprehensive compensation plans
Opportunities for individual growth