The story of Eastern Savings Bank is a story of success. The Bank, then named Eastern Building and Loan Society of Baltimore City, was established in 1905 as a Maryland state chartered mutual building and loan association. By the mid-1900s, Eastern Building and Loan was only one of over 200 small savings and loan associations in the Baltimore area and was open just a few hours every Monday night to cater to its customers’ limited financial needs. Throughout the years, Eastern Building and Loan maintained its neighborhood savings and loan image by catering to a customer base consisting primarily of local residents.
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