Eastern Bank has been named Business of the Year by the Cape Cod Canal Region Chamber of Commerce.

Each year, the Eastern Bank Charitable Foundation provides more than $1,000,000 of support in grants to community based organizations working for progress on a specific issue or set of issues facing communities in Massachusetts and New Hampshire, within the Eastern Bank footprint.

The bank, which has received several other awards for both workplace excellence and customer satisfaction, will receive the award at the Cape Cod Canal Region Chamber of Commerce’s annual Breakfast Meeting & Award Ceremony held at Marriott’s TownePlace Suites on Wednesday, Jan. 27.

Rana Murphy, Senior Vice President, Regional Manager for Eastern Bank, will be the guest speaker for this year’s breakfast. Murphy has worked in the financial services industry for over 25 years and currently manages fifteen branches in Southeastern, Massachusetts with more than 90 employees in sales, operations and community relations. Murphy is involved in her community and serves on a variety of boards including the Arts Foundation of Cape Cod, Cape & Islands United Way and on the Advisory Board of the Cape Symphony & Conservatory. She attended the RBS Leadership programs I & II in St. Andrews, Scotland taught by Harvard Business School, has completed the Babson Advanced Leadership Development Program and most recently graduated from a three year program in Retail Banking sponsored by the Consumer Banking Association at Furman University.

The Chamber will also present its Mentor of the Year Award to Cynthia Outhouse. Outhouse is Vice President of Philanthropy at Beth Israel Deaconess Hospital-Plymouth, a position she has held for 14 years. She has more than 30 years’ experience in health care fund development, management, strategic planning and public relations, and holds a Master’s Degree in Communications Management from Simmons College. Previously, Outhouse served as Executive Director for the Cape Cod Hospital Foundation and before that, spent 22 years at Tobey Hospital in Wareham where she held a number of positions, including Vice President for Philanthropy. She is a member of the New England Association for Healthcare Philanthropy and the national Association for Healthcare Philanthropy, and serves on the Board of Directors of the Cape Cod Canal Region Chamber of Commerce.

The ceremony will begin at 7:30 a.m. at Marriott’s TownePlace Suites. Hot breakfast will be served, and advance reservations are required. The cost is $30 per person or $210 for a table of eight. Interested participants are asked to make reservations early as event has sold out the past eight years. RSVP at www.capecodcanalchamber.org by Jan. 15 or, contact Adele at 508-759-6000, ext. 10.