Cambridge Bancorp, the parent company of Cambridge Trust, has received all regulatory approvals relating to the proposed merger between Cambridge Trust and Optima Bank & Trust Company have been received.

The shareholders of Optima Bank & Trust Company approved the transaction at a special meeting held on March 14, 2019. The anticipated closing date of the merger is on April 17, 2019, effective at 11:59 p.m. Eastern Standard Time, subject to closing conditions.