With Eastern deal, a banking family calls it quits after a half-century

With Eastern Bank set to acquire Century for $642 million later this year, New England will soon lose its largest family-run bank. CEO Barry Sloane named the bank the way you would name a child. His father, Marshall, worked as chairman until he died at age 92. “It’s in my bones, my whole life,” Barry said, “but while it was a very difficult, emotional decision, it was a very clear business decision.”