Eastern Bankshares and Cambridge Bancorp Receive Regulatory Approvals to Merge

Eastern Bankshares, the stock holding company for Eastern Bank, and Cambridge Bancorp, the parent company of Cambridge Trust, have received all necessary regulatory approvals to complete their proposed merger, which is expected to close on or about July 12, 2024.

May 29, 2024 Bob Ribers | Cambridge Bancorp | Cambridge Trust | Denis Sheahan | Eastern Bank | Eastern Bankshares | Merger Brianna Wilson

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.

May 15, 2019 Cambridge Bancorp | Cambridge Trust | Daniel Morrison | Denis K. Sheahan | Jody Rose | Thalia Meehan Amanda Koprowski

Cambridge Trust Approved to Merge with Optima Bank & Trust

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.

April 8, 2019 Cambridge Bancorp | Cambridge Trust | Optima Bank & Trust Company ABF Journal

Cambridge Bancorp, Optima Bank & Trust to Merge

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.

December 6, 2018 Cambridge Bancorp | Cambridge Trust | Denis Sheahan | Optima Bank & Trust Amanda Koprowski

Former Salus Execs to Lead New Cambridge ABL Unit

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.

September 14, 2016 Cambridge Trust | Chris O’Conner | Peter Coates ABF Journal