I haven't done an in depth analysis on the bank's financials and banks are rly hard to analyze rn, but I would still buy them if it was me. The risk right now is deferrals -- looks like eastern has modified loans on about 14% of its CRE folder, which is what is happening to a lot of banks rn. But these IPOs are extremely rare opportunities for retail investors to participate and you should be able to benefit from the initial bump. Also, because Eastern has been around for so long, it has built up $1.6 billion in retained profits and has a strong capital position. Also, if it buys a big bank like Berkshire or Brookline, it's going to pick up market share. Everything is risky but I would still pull the trigger. I doubt Eastern would be doing this rn if they were that concerned.