Eastern Bank Adds Asian Atlantic Industries as New ABL Customer

Eastern Bank added Asian Atlantic Industries, a global supplier of electronic components and semiconductors, as a new asset-based lending customer.

Headquartered in Portsmouth, NH, Asian Atlantic Industries uses its proprietary software to track the universe of supply and demand, providing its customers with real-time product availability from its database of manufacturers and resellers.

“Asian Atlantic Industries is pleased to begin a new banking relationship with Eastern Bank,” Tom Mahoney, founder and CEO of Asian Atlantic Industries, said. “The experience and relationship focus of the Eastern team were evident from our initial meetings. The flexibility of the financing solution will allow our company to take advantage of current opportunities in the market and support our recent and projected growth.”

“For over 20 years, Asian Atlantic Industries has served the growing electronic component marketplace with a commitment to deliver outstanding client support,” Greg Buscone, executive vice president and senior commercial banking officer at Eastern Bank, said. “We are proud to assist with their financing needs.”

The commercial banking team from Eastern Bank advising Asian Atlantic Industries includes Buscone; Don Lewis, head of asset-based lending; and Dan Bolger, senior vice president and relationship manager.