Three New Members Join Cambridge Trust Board of Directors
Cambridge Bancorp appointed three new members to the Cambridge Trust board of directors: Thalia Meehan, Daniel Morrison and Jody Rose.
Cambridge Bancorp appointed three new members to the Cambridge Trust board of directors: Thalia Meehan, Daniel Morrison and Jody Rose.
On April 5, 2019, Cambridge Bancorp, the parent company of Cambridge Trust Company, announced that all regulatory approvals relating to the proposed merger between Cambridge Trust Company and Optima Bank & Trust Company have been received.
Cambridge Bancorp, the holding company for Cambridge Trust, agreed to acquire Optima Bank & Trust, with Optima merging with and into Cambridge in a stock and cash transaction valued at approximately $67 million.
Cambridge Trust Company named Chris O’Connor, senior vice president, and Peter Coates, vice president to lead its new Asset-Based Lending practice. Both come from Salus Capital Partners.