Eastern Bank Appoints Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking.

Eastern Bank has appointed Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales in its Commercial Banking division. LeMay brings over 25 years of experience in advising on interest rate risk management and derivative products. Her role will help Eastern Bank strengthen its commercial banking services and offer tailored solutions for managing currency fluctuations and interest rates.

Eastern Bank has appointed Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales in its Commercial Banking division. LeMay brings over 25 years of experience in advising on interest rate risk management and derivative products. Her role will help Eastern Bank strengthen its commercial banking services and offer tailored solutions for managing currency fluctuations and interest rates.

Ms. LeMay joins Eastern Bank from M&T Bank, where she served as Senior Vice President, Treasury Capital Markets Trading Manager. She advised commercial clients on the use of derivative products to manage interest rate risk and played a key role in the transition from LIBOR to SOFR. Before M&T Bank, she built and led the Interest Rate Derivatives program at People’s United Bank, growing it into a key revenue driver.

“I’m thrilled to join Eastern Bank’s Commercial Banking team, which is known for putting clients first and a focus on personalized relationship banking,” said Denise LeMay. “I look forward to offering practical solutions to help customers meet their business goals.”

Eastern Bank provides a range of commercial financing offerings, including working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending, and employee stock ownership plan-related financing. The bank also offers foreign exchange solutions, which will be strengthened by LeMay’s expertise.

Eastern Bank, founded in 1818, is Greater Boston’s leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island, and Connecticut. As of June 30, 2025, Eastern had approximately $25.5 billion in assets.

References:
[1] https://www.morningstar.com/news/business-wire/20250731548799/denise-lemay-joins-eastern-bank-as-senior-vice-president-head-of-foreign-exchange-and-derivative-sales-commercial-banking