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Former CFPB Deputy Director Joins Eastern Bank

Steven Antonakes

Steven Antonakes

Boston-based Eastern Bank, a full-service commercial bank recently announced the appointment of Steven L. Antonakes as SVP and chief compliance officer.

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.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

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