He will report directly to Barbara Heinemann, EVP of Eastern Bank’s Enterprise Risk Management division.
Antonakes is the former deputy director and the associate director for Supervision, Enforcement, and Fair Lending at the Consumer Financial Protection Bureau (CFPB). He brings 25 years of compliance, risk management, and financial services experience to Eastern Bank.
While at the CFPB, Antonakes served as its second highest ranking official and was responsible for the supervision of all banks and non-banks under the Bureau’s jurisdiction and the enforcement of federal consumer protection and fair lending laws.
Antonakes was appointed by successive governors to serve as the Massachusetts Commissioner of Banks from December 2003 to November 2010. Previously, he served in various managerial capacities at the Division of Banks and began his regulatory career as an entry-level bank examiner in 1990. In March 2007, Antonakes received NeighborWorks America’s “Government Service Award” for his work in combating foreclosures.
Antonakes, a graduate of Lynn Public Schools, earned a Bachelor of Arts degree from Pennsylvania State University, an MBA from Salem State University, and a Doctorate of Philosophy in Law and Public Policy from Northeastern University.