The first annual meeting of stockholders for Meridian Interstate Bancorp, Inc., holding company for East Boston Savings Bank, was held on August 19th at the bank's headquarters. Chairman and CEO Richard Gavegnano presided over the meeting.
Stockholders of the Meridian Interstate Bancorp approved all three proposals submitted by the board of directors for their consideration, including the re-election of four nominees to the board:Vincent Basile, James Del Rossi, James Sartori and Paul Sullivan. Each of the four nominees was elected to serve a three-year term.
The bank's capital position as a percentage of total assets was 18.42% as of June 30th.