Cambridge Trust Deposits Drop 3.3 Percent
Cambridge Trust Co. saw deposits drop by 3.3 percent in the first quarter, with most of the outflows occurring before the bank failures in March.
Fontaine, Millane to Leave Cambridge Trust
The coming weeks will bring several changes to Cambridge Trust Co.’s senior management team, including the departure of its chief lending officer.
Personnel File – No. 307
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Cambridge Trust to Close on Latest Acquisition Saturday
Greater Boston will now see two bank mergers in October after Cambridge Trust Co. received regulatory approval to acquire North Andover-based Northmark Bank.
Cambridge Trust’s Wealth Assets Decline Amid Volatility
Recent market volatility has affected Cambridge Trust Co.’s wealth management business, with the bank’s assets under management dropping by more than $640 million in the second quarter.
Northmark Bank Had Considered Merging Last Year
Months before agreeing to merge with Cambridge Trust Co., Northmark Bank had considered merging into a different bank, and the two institutions had agreed to work exclusively on a potential deal.
Cambridge Trust Sees Wealth Opportunities in Northmark Deal
Cambridge Trust Co. plans to look for more wealth management opportunities north of Boston with its third bank acquisition in four years.
Cambridge Trust to Acquire Northmark Bank
The parent company of Cambridge Trust Co. plans to acquire North Andover-based Northmark Bank in an all-stock deal valued at $63 million.
Cambridge Trust Sees Commercial Lending to Remain Strong in 2022
Despite changes to the economic and rate environment, Cambridge Trust expects to continue to see growth in commercial lending this year.
Marketing Campaign Helps Drive Cambridge Trust Deposit Growth
Cambridge Trust Co. saw core deposits increase 32 percent in 2021, driven in part by a marketing campaign that the bank said took advantage of the disruption caused by the region’s merger activity.
Cambridge Trust Optimistic About Loan Growth
While the deposit surge during the pandemic has left many banks dealing with more liquidity but fewer opportunities for lending, Cambridge Trust Co. remains optimistic about loan growth and continues to seek new deposits.
Cambridge Trust CEO Sees Limited Opportunity for M&A
With several of Greater Boston’s stock banks involved in mergers this year, Cambridge Trust Co. is ready to join in on the activity. But the bank’s leader sees few opportunities ahead.
Local Banks Plan Stock Repurchases
The parent company of The Provident Bank, rebranded last year as BankProv, has adopted a new stock repurchase program, one of several local banks planning to repurchase shares this year.
Cambridge Trust Sees Earnings Loss Following Merger
Cambridge Trust Co. reported $4 billion in assets but saw an earnings loss in the second quarter after its merger with Wellesley Bank affected expenses and the provision for loan losses.
Cambridge Trust, Wellesley OK’d to Merge June 1
Two community banks plan to go ahead with a merger even as the coronavirus pandemic has seen bank operations focus on customers affected by the economic crisis.
Cambridge Trust-Wellesley Bank Merger Worth $122M
Cambridge Trust Co., will pay $122 million when it acquires Wellesley Bank in an all-stock transaction. It will be Cambridge Trust’s second merger of the year.
Cambridge Trust Co. to Merge with Wellesley Bank
The holding companies for Cambridge Trust Company and Wellesley Bank have entered into an agreement in which Wellesley Bancorp Inc. will merge with and into Cambridge Bancorp in an all-stock transaction, according to a joint statement from the banks.
Cambridge: 3Q Earnings Snapshot
Cambridge Bancorp on Monday reported third-quarter earnings of $6.7 million.
Personnel File
Bay State Savings Bank Worcester-based Bay State...
Cambridge Bancorp Taps ABL Veterans To Head New Practice
Cambridge Bancorp recently announced two recent hires to head up its new asset-based lending practice.
