Cambridge Bancorp (OQ:CATC)

Jan 30, 2024 06:00 am ET
Cambridge Bancorp Announces Results for 2023 and Declares Quarterly Dividend
CAMBRIDGE, Mass., Jan. 30, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $34.1 million for the year ended December 31, 2023, a decrease of $18.8 million, or 35.5%, as compared to net income of $52.9 million for the year ended December 31, 2022. Diluted earnings per share were $4.34 for the year ended December 31, 2023, representing a 40.5% decrease as compared to $7.30 for the year ended December 31, 2022.
Jan 23, 2024 01:45 pm ET
SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates INBX, SP, WAVD, CATC
NEW YORK, Jan. 23, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Jan 22, 2024 02:45 pm ET
CAMBRIDGE BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC
NEW ORLEANS, Jan. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Cambridge Bancorp (NasdaqCM: CATC) to Eastern Bankshares, Inc. (NasdaqGS: EBC).  Under the terms of the proposed transaction, shareholders of Cambridge will receive 4.956 shares of Eastern for each share of Cambridge that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Jan 08, 2024 06:00 am ET
Cambridge Bancorp Sets Fourth Quarter 2023 Earnings Release Date
CAMBRIDGE, Mass., Jan. 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2023 prior to the market open on Tuesday, January 30, 2024.
Oct 17, 2023 07:00 am ET
Cambridge Bancorp Announces Third Quarter 2023 Results and Declares Dividend
CAMBRIDGE, Mass., Oct. 17, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $6.5 million for the three months ended September 30, 2023, a decrease of $571,000, or 8.0%, as compared to net income of $7.1 million for the three months ended June 30, 2023. Diluted earnings per share were $0.83 for the three months ended September 30, 2023, representing an 8.8% decrease as compared to $0.91 for the three months ended June 30, 2023.
Oct 10, 2023 04:00 pm ET
Cambridge Bancorp Sets Third Quarter 2023 Earnings Release Date
CAMBRIDGE, Mass., Oct. 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the third quarter of 2023 prior to the market open on Tuesday, October 17, 2023.
Oct 04, 2023 10:43 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NXGN, AVTA, CATC
NEW YORK, Oct. 4, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Sep 28, 2023 12:00 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SPLK, CATC, PFSW
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Splunk Inc. (NASDAQ: SPLK)’s sale to...
Sep 27, 2023 09:46 pm ET
CAMBRIDGE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cambridge Bancorp (NasdaqCM: CATC) to Eastern Bankshares, Inc. (NasdaqGS: EBC). Under the terms of the proposed transaction, shareholders of Cambridge will receive 4.956 shares of Eastern for each share of Cambridge that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Sep 27, 2023 08:22 pm ET
ALERT: The M&A Class Action Firm Continues Investigating the Merger – CATC, AGE, NEWR, ESTE
Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the “M&A Class Action Firm”), a national securities firm rated Top 50 in the 2018-2023 ISS Securities Class Action Services Report and headquartered...
Sep 26, 2023 03:25 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ICPT, PFSW, AVTA, CATC
NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Sep 23, 2023 07:09 pm ET
Lifshitz Law PLLC Announces Investigations of IRBT, CATC, CYTH
iRobot Corporation (NASDAQ: IRBT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of IRBT to Amazon.com, Inc. for $51.75 in cash per share of IRBT common stock owned....
Sep 21, 2023 04:48 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SCU, FRGI, CATC
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Sculptor Capital Management Inc....
Sep 20, 2023 11:25 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PFSW, CATC
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Sep 20, 2023 02:39 pm ET
Shareholder Alert: Ademi LLP investigates whether Cambridge Bancorp has obtained a Fair Price in its transaction with Eastern Bankshares, Inc.
MILWAUKEE, Sept. 20, 2023 /PRNewswire/ -- Ademi LLP is investigating Cambridge (NASDAQ: CATC) for possible breaches of fiduciary duty and other violations of law in its transaction with Eastern.
Sep 19, 2023 09:04 pm ET
CATC STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Cambridge Bancorp Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cambridge Bancorp (NASDAQ: CATC) to Eastern Bankshares, Inc. for 4.956 shares of Eastern common stock for each share of Cambridge common stock is fair to Cambridge shareholders.
Sep 19, 2023 04:19 pm ET
Cambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.
CAMBRIDGE, Mass., Sept. 19, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company ("Cambridge Trust"), and Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced they have entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million ("the merger").
Sep 19, 2023 04:15 pm ET
Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge
Eastern Bankshares, Inc. (“Eastern” or the “Company”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC (“Eastern Insurance”) today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”) for approximately $510 million (“the insurance transaction”). Also today, Eastern and Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company, announced they have entered into a definitive merger agreemen
Jul 27, 2023 07:00 am ET
Cambridge Bancorp CEO to attend the Keefe, Bruyette & Woods 2023 Community Bank Investor Conference
CAMBRIDGE, Mass., July 27, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan will attend the Keefe, Bruyette & Woods 2023 Community Bank Investor Conference on August 8, 2023. The conference will be held in New York.
Jul 19, 2023 08:31 am ET
Lightwave Logic Appoints Respected Industry Executive Laila Partridge to Board of Directors
Laila Partridge Brings 30+ Years Track Record of Executing Transactions in the Technology Space
Jul 18, 2023 07:00 am ET
Cambridge Bancorp Announces Second Quarter 2023 Results and Declares Dividend
CAMBRIDGE, Mass., July 18, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $7.1 million for the three months ended June 30, 2023, a decrease of $5.3 million, or 42.7%, as compared to net income of $12.4 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the three months ended June 30, 2023, representing a decrease of $0.67, or 42.4%, as compared to diluted earnings per share of $1.58 for the three months ended March 31, 2023.
Jul 06, 2023 07:00 am ET
Cambridge Bancorp Sets Second Quarter 2023 Earnings Conference Call
CAMBRIDGE, Mass., July 6, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the second quarter of 2023 prior to the market open on Tuesday, July 18, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, July 18, 2023, at 11:00 am EST.
Jul 03, 2023 07:00 am ET
Cambridge Trust expands Relationship Banking Team to support growth in business banking
Bank welcomes four seasoned banking relationship managers
Jun 05, 2023 04:47 pm ET
Cambridge Trust Company Announces Jeffrey Smith as Head of Wealth Management
CAMBRIDGE, Mass., June 5, 2023 /PRNewswire/ -- Cambridge Trust Company, subsidiary of Cambridge Bancorp (NASDAQ: CATC), announces the hiring of Jeffrey Smith as the head of its wealth management group. Mr. Smith takes on the role from Jennifer Pline, who will retire at the end of June.
Apr 25, 2023 07:00 am ET
Cambridge Bancorp Announces First Quarter 2023 Results
CAMBRIDGE, Mass., April 25, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $12.4 million for the quarter ended March 31, 2023, an increase of $1.1 million, or 9.7%, as compared to net income of $11.3 million for the quarter ended December 31, 2022. Diluted earnings per share were $1.58 for the quarter ended March 31, 2023, representing an increase of $0.14, or 9.7%, as compared to diluted earnings per share of $1.44 for the quarter ended December 31, 2022.
Apr 10, 2023 07:00 am ET
Cambridge Bancorp Sets First Quarter 2023 Earnings Conference Call
CAMBRIDGE, Mass., April 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the first quarter of 2023 prior to the market open on Tuesday, April 25, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, April 25, 2023, at 11:00 am EST.
Mar 14, 2023 07:00 am ET
CAMBRIDGE BANCORP ANNOUNCES 2023 ANNUAL MEETING DATE AND RENEWAL OF SHARE REPURCHASE PLAN
CAMBRIDGE, Mass., March 14, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company, today announced that the Company's 2023 annual meeting of shareholders will be held on May 15, 2023 at 8:30 A.M. The annual meeting will be held at the Harvard Faculty Club which is located at 20 Quincy Street, Cambridge, MA 02138. The meeting will be preceded by breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 13, 2023, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof.
Jan 31, 2023 03:01 pm ET
Cambridge Bancorp CEO and CFO to attend the Janney West Coast CEO Forum
CAMBRIDGE, Mass., Jan. 31, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Janney West Coast CEO Forum on February 2, 2023. The conference will be held in Scottsdale, Arizona.
Jan 24, 2023 06:00 am ET
Cambridge Bancorp Announces Results for 2022 and Declares Increased Dividend
CAMBRIDGE, Mass., Jan. 24, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $52.9 million for the year ended December 31, 2022, a decrease of $1.1 million, or 2.1%, as compared to net income of $54.0 million for the year ended December 31, 2021. Diluted earnings per share were $7.30 for the year ended December 31, 2022, representing a decrease of $0.39, or 5.1%, as compared to diluted earnings per share of $7.69 for the year ended December 31, 2021.
Jan 10, 2023 03:01 pm ET
Cambridge Trust provides financing to support MasteryPrep's growth
CAMBRIDGE, Mass., Jan. 10, 2023 /PRNewswire/ -- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC), announces that it has provided financing to MasteryPrep, a technology company focused in the education sector working with hundreds of school districts around the country to level the playing field on college readiness and end-of-course exams. The financing allows MasteryPrep to continue its growth objectives, having recently been recognized as one of the country's fastest-growing K-12 education companies.
Jan 09, 2023 03:01 pm ET
Cambridge Bancorp Sets Fourth Quarter 2022 Earnings Conference Call
CAMBRIDGE, Mass., Jan. 9, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2022 prior to the market open on Tuesday, January 24, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, January 24, 2023, at 11:00 am EST.
Dec 13, 2022 03:01 pm ET
Cambridge Trust Announces Promotions and Retirement
Bank highlights new executive leadership
Nov 01, 2022 07:00 am ET
Cambridge Trust Commits up to $30 Million to Finance Affordable Housing with New Hampshire Housing
BEDFORD, N.H., Nov. 1, 2022 /PRNewswire/ -- Amid a continuing shortage of affordable housing in the state, Cambridge Trust and New Hampshire Housing announced a commitment of up to $30 million to finance affordable housing construction in the Granite State.
Oct 28, 2022 07:00 am ET
Cambridge Bancorp CEO and CFO to attend the Piper Sandler Companies 2022 East Coast Financial Services Conference
CAMBRIDGE, Mass., Oct. 28, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Piper Sandler Companies 2022 East Coast Financial Services Conference starting on Wednesday, November 9, 2022. The conference will take place in Palm Beach, Florida.
Oct 18, 2022 07:00 am ET
Cambridge Bancorp Announces Third Quarter 2022 Earnings and Declares Quarterly Dividend
CAMBRIDGE, Mass., Oct. 18, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $14.6 million for the quarter ended September 30, 2022. Net income for the third quarter represented an increase of $1.0 million, or 7.0%, as compared to net income of $13.7 million for the quarter ended June 30, 2022. Diluted earnings per share were $2.07 for the quarter ended September 30, 2022, representing a 6.7% increase as compared to diluted earnings per share of $1.94 for the quarter ended
Oct 05, 2022 07:00 am ET
Cambridge Bancorp Sets Third Quarter 2022 Earnings Conference Call
CAMBRIDGE, Mass., Oct. 5, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the third quarter of 2022 prior to the market open on Tuesday, October 18, 2022. The Company will hold a conference call and webcast to discuss results on Tuesday, October 18, 2022, at 11:00 am EST.
Oct 04, 2022 07:00 am ET
Cambridge Bancorp Announces Andy Zelleke to join its Board of Directors
CAMBRIDGE, Mass., Oct. 4, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), and its subsidiary, Cambridge Trust Company today announced a new member to its Board of Directors. Joining the board is Andy S. Zelleke. "We are delighted to welcome Dr. Zelleke to our Board.  His background in corporate governance and in leadership development at Harvard Business School, combined with his experience as a practicing attorney earlier in his career, make him an excellent addition. We look forward to Andy's contribution to the Board," noted Denis K. Sheahan, Chairman and CEO of Camb
Oct 03, 2022 07:00 am ET
Cambridge Bancorp Announces Completion of Merger with Northmark Bank
Combined company creates an estimated $5.6 billion banking franchise and expands presence in attractive markets
Sep 28, 2022 04:00 pm ET
Cambridge Bancorp Announces Receipt of Regulatory Approvals to Merge with Northmark Bank and Anticipated Closing Date
CAMBRIDGE, Mass., Sept. 28, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), the parent company for Cambridge Trust Company ("Cambridge Trust"), today announced all regulatory approvals relating to the proposed merger between Cambridge Trust and Northmark Bank have been received. The shareholders of Northmark Bank approved the merger at a special meeting held on August 31, 2022.  The anticipated closing date of the merger is October 1, 2022, subject to the satisfaction of other closing conditions.
Sep 01, 2022 04:30 pm ET
Cambridge Bancorp CEO and CFO to attend the Raymond James U.S. Bank Conference
CAMBRIDGE, Mass., Sept. 1, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Raymond James U.S. Bank Conference on September 7, 2022. The conference will be held in Chicago.
Aug 02, 2022 07:00 am ET
Cambridge Bancorp CEO and CFO to attend the Keefe, Bruyette & Woods 2022 Community Bank Investor Conference
CAMBRIDGE, Mass., Aug. 2, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Keefe, Bruyette & Woods 2022 Community Bank Investor Conference on August 3, 2022. The conference will be held in New York.
Jul 26, 2022 07:00 am ET
Cambridge Trust provides $12 million debt facility to support Freight Farms' growth
CAMBRIDGE, Mass., July 26, 2022 /PRNewswire/ -- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC), has provided $12 million in debt financing to Freight Farms to expand its product offering and pursue its growth objectives. Founded in 2012, Freight Farms has a network of connected hydroponic container farms serving customers around the world ranging from small business farmers to those within the corporate, hospitality, retail, education, and nonprofit sectors.
Jul 19, 2022 07:00 am ET
Cambridge Bancorp Announces Second Quarter 2022 Earnings and Declares Quarterly Dividend
CAMBRIDGE, Mass., July 19, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.7 million for the quarter ended June 30, 2022. Net income for the second quarter represented an increase of $342,000, or 2.6%, as compared to net income of $13.3 million for the quarter ended March 31, 2022. Diluted earnings per share were $1.94 for the quarter ended June 30, 2022, representing a 2.6% increase as compared to diluted earnings per share of $1.89 for the quarter ended March 31, 2
Jul 13, 2022 04:30 pm ET
Cambridge Trust Welcomes John Traynor to Wealth Management Team
35-year investment veteran to lead Cambridge Trust's expansion in Connecticut
May 23, 2022 04:30 pm ET
CAMBRIDGE BANCORP AND NORTHMARK BANK SIGN DEFINITIVE AGREEMENT
Cambridge Bancorp to expand in attractive markets
May 03, 2022 07:00 am ET
Denis K. Sheahan Elected to Massachusetts Bankers Association Board of Directors
CAMBRIDGE, Mass., May 3, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced that its Chairman, President and CEO, Denis K. Sheahan, has been elected to the 20-member Board of Directors of the Massachusetts Bankers Association (MBA) at its Annual Meeting. Founded in 1905, the MBA is the only Association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.
Apr 20, 2022 07:00 am ET
Cambridge Bancorp Announces First Quarter 2022 Earnings and Declares Quarterly Dividend
CAMBRIDGE, Mass., April 20, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.3 million for the quarter ended March 31, 2022. Net income for the first quarter was relatively unchanged as compared to net income of $13.3 million for the quarter ended December 31, 2021. Diluted earnings per share were $1.89 for the quarter ended March 31, 2022, representing a 0.5% increase as compared to diluted earnings per share of $1.88 for the quarter ended December 31, 2021.
Apr 07, 2022 07:00 am ET
Cambridge Bancorp Sets First Quarter 2022 Earnings Conference Call
 , April 7, 2022 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), expects to report results for the first quarter of 2022 prior to the market open on Wednesday, April 20, 2022. The Company will hold a conference call and webcast to discuss results on Wednesday, April 20, 2022, at 11:00 am EST.
Mar 15, 2022 07:00 am ET
CAMBRIDGE BANCORP ANNOUNCES 2022 ANNUAL MEETING DATE AND RENEWAL OF SHARE REPURCHASE PLAN
CAMBRIDGE, Mass., March 15, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company, today announced that the Company's 2022 annual meeting of shareholders will be held on May 16, 2022 at 8:30 A.M. The annual meeting will be held virtually. At the meeting, only shareholders as of the close of business on March 14, 2022, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof. Additionally, on March 14, 2022, the Company's board of directors authorized the renewal of its stock repurchase program to acquir
Jan 10, 2022 03:00 pm ET
Cambridge Bancorp Sets Fourth Quarter 2021 Earnings Conference Call
CAMBRIDGE, Mass., Jan. 10, 2022 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), expects to report results for the fourth quarter and full year of 2021 prior to the market open on Tuesday, January 25, 2022. The Company will hold a conference call and webcast to discuss results on Tuesday, January 25, 2022, at 11:00 am EST.
Dec 22, 2021 06:00 am ET
Cambridge Trust Company Appoints Danielle Remis Hackel as Chief Marketing Officer
CAMBRIDGE, Mass., Dec. 22, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), parent of Cambridge Trust Company, today announced the appointment of Danielle Remis Hackel as Chief Marketing Officer. Remis Hackel joins as the bank seeks to leverage recent growth and momentum in its private banking, lending and wealth management practices in New England.
Dec 21, 2021 06:00 am ET
Cambridge Trust Welcomes New Commercial Bankers
CAMBRIDGE, Mass., Dec. 21, 2021 /PRNewswire/ -- Cambridge Bancorp, (NASDAQ: CATC), parent of Cambridge Trust Company, announced the expansion of the bank's lending team in support of the growing needs for commercial and non-profit lending in Massachusetts and New Hampshire.
Nov 09, 2021 05:56 pm ET
Cambridge Bancorp Announces Expansion of Wealth Management Team
CAMBRIDGE, Mass., Nov. 9, 2021 /PRNewswire/ -- Cambridge Bancorp, (NASDAQ: CATC) parent of Cambridge Trust Company, today announced the expansion of its wealth management team with the appointment of five new wealth management professionals. These new team members bring significant experience in wealth management business development, retirement planning, multi-generational wealth management and portfolio management.
Nov 05, 2021 04:00 pm ET
Cambridge Bancorp CEO and CFO to attend the Piper Sandler Companies 2021 East Coast Financial Services Conference
CAMBRIDGE, Mass., Nov. 5, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Piper Sandler Companies 2021 East Coast Financial Services Conference starting on Wednesday, November 10, 2021. The conference will take place in Naples, Florida.
Oct 19, 2021 07:00 am ET
Cambridge Bancorp Announces Operating Results for the Third Quarter and Declares Dividend
CAMBRIDGE, Mass., Oct. 19, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.3 million for the quarter ended September 30, 2021, a decrease of $625,000, or 4.5%, as compared to net income of $13.9 million for the quarter ended June 30, 2021. Diluted earnings per share were $1.89 for the quarter ended September 30, 2021, representing a 4.5% decrease as compared to diluted earnings per share of $1.98 for the quarter ended June 30, 2021, primarily as result of non-operati
Oct 06, 2021 07:00 am ET
Cambridge Bancorp Third Quarter 2021 Earnings Release Date & Conference Call
CAMBRIDGE, Mass., Oct. 6, 2021 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), expects to report results for the third quarter of 2021 prior to the market open on Tuesday, October 19, 2021.  The Company will hold a conference call and webcast to discuss results on Tuesday, October 19, 2021 at 11:00 am EST.
Sep 09, 2021 08:48 am ET
Cambridge Trust Commits $110 Million to Finance Affordable Housing Through the Massachusetts Housing Partnership
CAMBRIDGE, Mass., Sept. 9, 2021 /PRNewswire/ -- At a time when affordable apartments in Greater Boston are scarce and many households are spending more than half their income in rent, Cambridge Trust is committing $110 million to support affordable housing in the Commonwealth in partnership with the Massachusetts Housing Partnership (MHP).
Aug 31, 2021 08:00 am ET
Cambridge Bancorp CEO and CFO to attend the Raymond James U.S. Bank Conference
CAMBRIDGE, Mass., Aug. 31, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Raymond James U.S. Bank Conference on September 8th, 2021. The conference will be held virtually.
Jul 27, 2021 08:00 am ET
Cambridge Bancorp CEO and CFO to attend the Keefe, Bruyette & Woods 2021 Virtual Community Bank Investor Conference
CAMBRIDGE, Mass., July 27, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the Keefe, Bruyette & Woods 2021 Virtual Community Bank Investor Conference on August 4, 2021.
Jul 20, 2021 07:00 am ET
Cambridge Bancorp Announces Operating Results for the Second Quarter and Declares Dividend
CAMBRIDGE, Mass., July 20, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13,944,000 for the quarter ended June 30, 2021, an increase of $445,000, or 3.3%, as compared to net income of $13,499,000 for the quarter ended March 31, 2021. Diluted earnings per share were $1.98 for the quarter ended June 30, 2021, representing a 3.1% increase over diluted earnings per share of $1.92 for the quarter ended March 31, 2021.
Jul 06, 2021 07:00 am ET
Cambridge Bancorp Second Quarter 2021 Earnings Release Date & Conference Call
CAMBRIDGE, Mass., July 6, 2021 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), expects to report results for the second quarter of 2021 prior to the market open on Tuesday, July 20, 2021. The Company will hold a conference call and webcast to discuss results on Tuesday, July 20, 2021 at 10:00 am EDT.
Jan 26, 2021 07:00 am ET
Cambridge Bancorp Declares Increased Dividend and Announces Full Year Operating Earnings For 2020
CAMBRIDGE, Mass., Jan. 26, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company ("Cambridge Trust"), today announced net income of $31,959,000 for the year ended December 31, 2020, representing an increase of $6,702,000, or 26.5%, as compared to net income of $25,257,000 for the year ended December 31, 2019. Diluted earnings per share were $5.03 for 2020, representing a 6.3% decrease over diluted earnings per share of $5.37 for 2019.
Jan 11, 2021 07:00 am ET
Cambridge Bancorp Fourth Quarter 2020 Earnings Release Date
CAMBRIDGE, Mass., Jan. 11, 2021 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), announces that it expects to report fourth quarter 2020 earnings results prior to the market open on Tuesday, January 26, 2021.
Oct 20, 2020 08:00 am ET
Cambridge Bancorp Announces Results for the Third Quarter and Declares Dividend
CAMBRIDGE, Mass., Oct. 20, 2020 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13,429,000 for the quarter ended September 30, 2020, an increase of $5,753,000, or 74.9%, as compared to net income of $7,676,000 for the quarter ended September 30, 2019.  Diluted earnings per share were $1.93 for the third quarter of 2020, representing a 22.9% increase over diluted earnings per share of $1.57 for the third quarter of 2019.
Jul 28, 2020 08:00 am ET
Cambridge Bancorp Announces Operating Results for Q2 and Declares Dividend
CAMBRIDGE, Mass., July 28, 2020 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced an unaudited net loss of $1,716,000 for the quarter ended June 30, 2020, a decrease of $5,988,000, or 140.2%, compared to net income of $4,272,000 for the quarter ended June 30, 2019. The diluted loss per share was $0.29 for the second quarter of 2020, representing a 132.2% decrease over diluted earnings per share of $0.90 for the second quarter of 2019.
Jul 24, 2020 09:48 am ET
Cambridge Bancorp CEO Denis Sheahan and CFO Michael F. Carotenuto to Attend the Keefe, Bruyette & Woods 2020 Virtual Community Bank Investor Conference
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the 2020 Keefe, Bruyette & Woods 2020 Virtual Community Bank Investor Conference on Tuesday, July 28, 2020.
Jun 01, 2020 08:00 am ET
Cambridge Bancorp Announces Completion of Merger with Wellesley Bancorp, Inc.
On June 1, 2020, Cambridge Bancorp (NASDAQ: CATC), parent of Cambridge Trust Company, completed its merger with Wellesley Bancorp, Inc. (“Wellesley”), Wellesley Bank (“Wellesley Bank”), Wellesley’s subsidiary bank, and Cambridge Trust Company, the Company’s subsidiary bank. Although the legal closing was effective as of 12:01 a.m. on June 1, 2020, the systems conversion is scheduled to occur over the weekend of October 2, 2020.
May 18, 2020 08:00 am ET
Cambridge Bancorp Announces Receipt of Regulatory Approvals to Merge with Wellesley Bancorp, Inc. and Anticipated Closing Date
On May 15, 2020, Cambridge Bancorp (NASDAQ: CATC) announced that all regulatory approvals relating to the proposed merger between Cambridge Bancorp and Wellesley Bancorp, Inc. have been received. The shareholders of Cambridge Bancorp and Wellesley Bancorp, Inc. approved the transaction at special meetings held on March 16, 2020 and March 12, 2020, respectively. The anticipated closing date of the merger is on June 1st, effective at 12:01 a.m. Eastern Daylight Time, subject to closing conditions.
Apr 23, 2020 08:00 am ET
Cambridge Bancorp Condenses Annual Meeting of Shareholders
To protect the health and safety of employees and shareholders through the duration of the COVID-19 pandemic, Cambridge Bancorp (“Cambridge”) has decided to substantially condense its annual meeting of shareholders to be held at 8:30 a.m., Eastern Time, on Monday, May 18, 2020 and to move the meeting to the Cambridge Trust Wealth Management office at 75 State Street, 18th Floor, Boston, MA 02109. We ask that shareholders utilize the proxy voting procedures as outlined in the proxy statement for the meeting and promptly submit their proxy by telephone, Internet or by signing and returning the p
Apr 22, 2020 08:00 am ET
Cambridge Bancorp Announces First Quarter 2020 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent company of Cambridge Trust Company (the “Bank”), today announced unaudited net income of $7,232,000 for the quarter ended March 31, 2020, an increase of $1,034,000, or 16.7%, compared to net income of $6,198,000 for the quarter ended March 31, 2019. Diluted earnings per share were $1.33 for the first quarter of 2020, representing a 10.7% decrease over diluted earnings per share of $1.49 for the same quarter last year.
Jan 27, 2020 04:30 pm ET
Cambridge Bancorp Announces 2020 Annual Meeting Date
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced that the Company’s 2020 annual meeting of shareholders will be held on May 18, 2020 at 8:30 A.M., at The Charles Hotel in Cambridge, Massachusetts. The meeting will be preceded by a breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 17, 2020, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof.
Jan 22, 2020 08:00 am ET
Cambridge Bancorp Announces Record Operating Earnings in 2019 and Declares Increased Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company (“Cambridge Trust”), today announced net income of $25,257,000 for the year ended December 31, 2019, representing an increase of $1,376,000, or 5.8%, compared to net income of $23,881,000 for the year ended December 31, 2018. Diluted earnings per share were $5.37 for 2019, representing a 6.9% decrease over diluted earnings per share of $5.77 for 2018. Net income for 2019 included non-operating expenses of $4.7 million related to costs associated with the Company’s December common stock offering and merger r
Dec 06, 2019 09:20 am ET
Cambridge Bancorp Announces Pricing of Common Stock Offering
Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), announced today the pricing of an underwritten public offering of 479,000 shares of the Company’s common stock at a public offering price of $73.00 per share for gross proceeds of approximately $35.0 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $33.2 million. The Company intends to use the net proceeds from this offering for general corporate purpo
Dec 05, 2019 04:15 pm ET
Cambridge Bancorp and Wellesley Bancorp, Inc. to Merge
Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), and Wellesley Massachusetts-based Wellesley Bancorp, Inc. (“Wellesley”), the holding company for Wellesley Bank, are pleased to jointly announce entry into a definitive agreement pursuant to which Wellesley will merge with and into Cambridge in an all-stock transaction. Under the terms of the agreement, each share of Wellesley common stock will be exchanged for 0.580 shares of Cambridge common stock. The transaction is presently valued at $45.54 per Wellesley co
Dec 05, 2019 04:01 pm ET
Cambridge Bancorp Announces Proposed Public Offering of $35 Million of Its Common Stock
Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), announced today that it has commenced an underwritten public offering of its common stock. In addition, the Corporation expects to grant the underwriters a 30-day option to purchase up to an aggregate of an additional 15% of the number of shares of common stock sold in the offering to cover over allotments. Any shares sold pursuant to such option would be purchased by the underwriters at the same price per share.
Nov 06, 2019 08:00 am ET
Cambridge Bancorp CEO Denis Sheahan and CFO Michael F. Carotenuto to Attend the Sandler O’Neill + Partners 2019 East Coast Financial Services Conference
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the 2019 Sandler O’Neill + Partners East Coast Financial Services Conference starting on Wednesday, November 13, 2019. The conference will take p
Oct 22, 2019 08:00 am ET
Cambridge Bancorp Announces Record Third Quarter 2019 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $7,676,000 for the quarter ended September 30, 2019, an increase of $1,017,000, or 15.3%, compared to net income of $6,659,000 for the quarter ended September 30, 2018. Diluted earnings per share were $1.57 for the third quarter of 2019, representing a 2.5% decrease over diluted earnings per share of $1.61 for the same quarter last year. Net income for the third quarter of 2019 included after- tax merger expenses of $265,000, which the Company considers to be non-ope
Jul 25, 2019 08:00 am ET
Cambridge Bancorp CEO Denis Sheahan and CFO Michael F. Carotenuto to Attend the 2019 Keefe Bruyette & Woods 2019 Community Bank Investor Conference
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the 2019 Keefe Bruyette & Woods 2019 Community Bank Investor Conference on Tuesday, July 30, 2019. The conference will take place in New York, NY
Jul 16, 2019 08:30 am ET
Cambridge Bancorp Announces Second Quarter 2019 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $4,272,000 for the quarter ended June 30, 2019, a decrease of $1,839,000, or 30.1%, compared to net income of $6,111,000 for the quarter ended June 30, 2018. Diluted earnings per share were $0.90 for the second quarter of 2019, representing a 39.2% decrease over diluted earnings per share of $1.48 for the same quarter last year. Net income for the first and second quarters of 2019 included merger expenses of $3.5 million, which the Company considers to be non-operati
Jul 16, 2019 08:00 am ET
Cambridge Bancorp Announces Three New Members to Board of Directors
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announce three new members to its Board of Directors. Joining the board are Christine Fuchs, Pamela Hamlin and Laila Partridge. “We are delighted to welcome these distinguished individuals to our Board. Each new member brings a unique set of skills and experiences that will support and inform our strategy for growth throughout Greater Boston and Southern New Hampshire.,” noted Denis K. Sheahan, Chairman and CEO of Cambridge Bancorp and Cambridge Trust Company.
May 14, 2019 08:00 am ET
Cambridge Bancorp Announces Three New Members to Board of Directors
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announces three new members to its Board of Directors. Joining the board are Thalia Meehan, Daniel Morrison and Jody Rose. “The strength of our company is reflected in the experience and caliber of the directors joining our board,” noted Denis K. Sheahan, CEO of Cambridge Bancorp and Cambridge Trust Company. “We look forward to benefiting from their experience and deep knowledge as we pursue our growth strategy.”
May 10, 2019 04:15 pm ET
Cambridge Bancorp CEO Denis K. Sheahan and CFO Michael F. Carotenuto to attend the 2019 Piper Jaffray Eastern Bank Symposium
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis K. Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the 2019 Piper Jaffray Eastern Bank Symposium on Tuesday, May 14, 2019. The conference will take place in Washin
Apr 18, 2019 08:00 am ET
Cambridge Bancorp Announces Completion of Merger with Optima Bank & Trust Company
On April 18, 2019, Cambridge Bancorp (NASDAQ: CATC), parent of Cambridge Trust Company, announced that it completed its merger with Optima Bank & Trust Company (“Optima”) on April 17, 2019. Although the legal closing was effective as of 11:59 p.m. on April 17, 2019, the client and brand conversion is scheduled to occur over the weekend of July 19, 2019. Cambridge Trust has amassed over $1 billion in client wealth management assets in New Hampshire since it began operations in the state in 1992.
Apr 17, 2019 08:00 am ET
Cambridge Bancorp Announces First Quarter 2019 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $6,198,000 for the quarter ended March 31, 2019, an increase of $393,000, or 6.8%, compared to net income of $5,805,000 for the quarter ended March 31, 2018. Diluted earnings per share were $1.49 for the first quarter of 2019, representing a 5.7% increase over diluted earnings per share of $1.41 for the same quarter last year.
Apr 05, 2019 08:30 am ET
Cambridge Trust Company Announces Receipt of Regulatory Approvals to Merge with Optima Bank & Trust Company and Anticipated Closing Date
On April 5, 2019, Cambridge Bancorp (NASDAQ: CATC), 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. 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.
Mar 15, 2019 08:00 am ET
Shareholders of Optima Bank & Trust Company Approve Merger with Cambridge Trust Company
On March 14, 2019, shareholders of Optima Bank & Trust (“Optima”) approved an Agreement and Plan of Merger, dated as of December 5, 2018, among Cambridge Bancorp (the “Company”), Cambridge Trust Company and Optima (the "Merger Agreement"), pursuant to which Optima will merge with and into Cambridge Trust Company. At the effective time of the merger, each outstanding share of Optima common stock will be converted into the right to receive $32.00 in cash or 0.3468 shares of Company common stock. Optima shareholders have the right to elect cash, Co
Feb 22, 2019 08:00 am ET
Cambridge Bancorp Announces 2019 Annual Meeting Date
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced that the Company’s 2019 annual meeting of shareholders will be held on May 13, 2019 at 8:30 A.M., at The Charles Hotel in Cambridge, Massachusetts. The meeting will be preceded by a breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 15, 2019, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof.
Jan 23, 2019 08:00 am ET
Cambridge Bancorp Announces Record Earnings for 2018 and Declares Increased Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company (“Cambridge Trust”), today announced net income of $23,881,000 for the year ended December 31, 2018, representing an increase of $9,065,000, or 61.2%, compared to net income of $14,816,000 for the year ended December 31, 2017. Income before income taxes was $31,088,000 for the year ended December 31, 2018, representing an increase of $2,914,000, or 10.3%, compared to $28,174,000 for the same period of last year. Diluted earnings per share were $5.77 for 2018,
Dec 05, 2018 06:10 pm ET
Cambridge Bancorp and Optima Bank & Trust Company to Merge
Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), and Portsmouth New Hampshire-based Optima Bank & Trust Company (“Optima”), are pleased to jointly announce that Cambridge, Cambridge Trust and Optima have entered into a definitive agreement pursuant to which Optima will merge with and into Cambridge Trust in a stock and cash transaction. Under the terms of the agreement, each share of Optima common stock will be exchanged for either 0.3468 shares of Cambridge
Oct 15, 2018 05:20 pm ET
Cambridge Bancorp Announces Record Quarterly Earnings and Declares Dividend
CAMBRIDGE, Mass., Oct. 15, 2018 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company, today announced unaudited net income of $6,659,000 for the quarter ended September 30, 2018, representing an increase of $1,649,000, or 32.9%, compared to net income of $5,010,000 for the quarter ended September 30, 2017. Income before income taxes was $8,764,000 for the quarter ended September 30, 2018, representing an increase of $1,060,000, or 13.8%, compared to $7,704,000 for the same quarter of last year. Diluted earnings per share were $1.61 for the t
Oct 04, 2018 08:00 am ET
Cambridge Trust Company Announces Hires of Stephen DiCenso and Peter Cowan in Senior Positions
CAMBRIDGE, Mass., Oct. 4, 2018 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced the appointments of Stephen DiCenso as senior vice president and residential mortgage lender, and Peter Cowan as vice president and private banker.
Sep 17, 2018 08:00 am ET
Cambridge Bancorp CEO Denis Sheahan and CFO Michael F. Carotenuto to attend the 2018 Piper Jaffray New England Bank Symposium
CAMBRIDGE, Mass., Sept. 17, 2018 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will attend the 2018 Piper Jaffray New England Bank Symposium on Thursday, September 20, 2018. The conference will take place in Portland, Maine.
Jul 30, 2018 09:00 am ET
Cambridge Bancorp President and Director Mark D. Thompson and CFO Michael F. Carotenuto to Present at the 2018 Keefe, Bruyette & Woods Nineteenth Annual Community Bank Investor Conference
CAMBRIDGE, Mass., July 30, 2018 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, announced today that President and Director Mark D. Thompson, along with Chief Financial Officer Michael F. Carotenuto, will present at the 2018 Keefe, Bruyette & Woods Nineteenth Annual Community Bank Investor Conference on Wednesday, Aug. 1. The conference will take place in New York City.
Jul 19, 2018 08:00 am ET
Cambridge Bancorp Announces Second Quarter 2018 Earnings and Declares Increased Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $6,111,000 for the quarter ended June 30, 2018, representing an increase of $1,597,000, or 35.4%, compared to net income of $4,514,000 for the quarter ended June 30, 2017. Diluted earnings per share were $1.48 for the second quarter of 2018, representing a 34.5% increase over diluted earnings per share of $1.10 for the same quarter of 2017.
Jul 17, 2018 08:30 am ET
Cambridge Trust Company Announces Appointments of John Sullivan and Kerri Mooney to Senior Leadership Roles
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced the appointments of John J. Sullivan as Senior Vice President and Director of Personal Lending and Kerri A. Mooney as Senior Vice President and Director of Private Banking Offices. Sullivan and Mooney are responsible for the strat
Apr 19, 2018 08:45 am ET
Cambridge Bancorp Announces First Quarter 2018 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $5,805,000 for the quarter ended March 31, 2018, an increase of $1,477,000, or 34.1%, compared to net income of $4,328,000 for the quarter ended March 31, 2017. Diluted earnings per share were $1.41 for the first quarter of 2018, representing a 33.0% increase over diluted earnings per share of $1.06 for the same quarter last year.
Apr 03, 2018 08:30 am ET
Cambridge Trust Company Surpasses $3 Billion in Assets Under Management and Administration
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced that the bank, one of New England’s leaders in private banking and wealth management, has surpassed $3 billion in client Assets Under Management and Administration (AUM and AUA), currently totaling $3.1 billion in assets, includin
Mar 01, 2018 08:00 am ET
Cambridge Bancorp Announces 2018 Annual Meeting Date
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced that the Company’s 2018 annual meeting of shareholders will be held on May 14, 2018 at 8:30 A.M., at The Charles Hotel in Cambridge, Massachusetts. The meeting will be preceded by a breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 15, 2018, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof.
Feb 27, 2018 08:30 am ET
Cambridge Trust Company Announces Hiring of Veteran Private Banker Marc Gearin
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced the appointment of Marc Gearin as Senior Vice President – Private Banking with responsibility for acquiring and developing new high net worth client relationships, both personal and commercial. The appointment is part of Cambridge
Feb 01, 2018 08:30 am ET
Governor Baker Names Cambridge Trust CEO Denis Sheahan to Massachusetts Housing Partnership Board of Directors
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced that Massachusetts Governor Charles D. Baker has named Cambridge Trust’s Chairman and Chief Executive Officer, Denis K. Sheahan, to the Board of Directors of the Massachusetts Housing Partnership (MHP). The MHP is a public, nonpro
Jan 29, 2018 08:30 am ET
Cambridge Trust Provides $5 Million Credit Facility for Leading Content Marketing Company Skyword
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced that it has completed a $5 million credit facility for Boston-based content marketing company
Jan 25, 2018 08:00 am ET
Cambridge Bancorp Announces Earnings for 2017, Declares Increased Dividend, and Reports the Impact of the Tax Cuts and Jobs Act of 2017
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $14,816,000 for the year ended December 31, 2017, a decrease of $2,080,000, or 12.3%, compared to net income of $16,896,000 for the year ended December 31, 2016. Diluted earnings per share were $3.61 for 2017, representing a 13.0% decrease over diluted earnings per share of $4.15 for 2016.
Nov 14, 2017 08:57 am ET
Cambridge Bancorp CEO Denis K. Sheahan and CFO Michael F. Carotenuto to Present at the Sandler O’Neill + Partners L.P. 2017 Financial Services Conference
Cambridge Bancorp (NASDAQ: CATC), parent company of Cambridge Trust Company, announced today that Chief Executive Officer Denis K. Sheahan, along with Chief Financial Officer Michael F. Carotenuto, will present at the 2017 Sandler O’Neill + Partners, L.P. 2017 East Coast Financial Services Conference on Thursday, November 16, 2017. The conference will take place in Naples, FL.
Nov 09, 2017 08:36 am ET
Cambridge Trust Names David Lynch as Chief Investment Officer
Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced that it has named David Lynch as Chief Investment Officer and Damon Barglow as Senior Portfolio Manager. The appointments further bolster Cambridge Trust’s extensive wealth management offering with veteran investment managers.
Oct 19, 2017 08:45 am ET
Cambridge Bancorp Announces Third Quarter 2017 Earnings and Declares Dividend
Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced unaudited net income of $5,010,000 for the third quarter of 2017, representing an increase of $435,000, or 9.5%, compared to net income of $4,575,000 for the same quarter in 2016. Diluted earnings per share were $1.22 for the third quarter of 2017, representing an 8.0% increase over diluted earnings per share of $1.13 for the same quarter in 2016.
Oct 18, 2017 10:50 am ET
Cambridge Bancorp Commences Trading on NASDAQ
Cambridge Bancorp, the parent company of Cambridge Trust Company, today announced that its shares of common stock were approved for listing on the NASDAQ Capital Market (“NASDAQ”) and trading has commenced today under the symbol “CATC.”

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