Lower Costs Improve Q4 Profits for Cambridge Trust
Cambridge Trust recorded a $2.7 million decline in non-interest, non-recurring expenses which resulted in a higher net income in the fourth quarter.
Eastern Bank Moves to Sell Four Non-Performing Loans
Eastern Bank is resolving its three troubled office loans from the third quarter of last year, plus a new non-performing real estate loan that cropped up in the fourth quarter, by selling them at a loss.
Cambridge Trust Hires Away SVB, First Republic Bankers
Cambridge Trust Co. has joined the ranks of local financial institutions recruiting Silicon Valley Bank and ex-First Republic Bank employees after picking up two business banking staffers.
Personnel File – No. 336
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
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.
Rockland Trust Bucks Tough Wealth Management Market
The Hanover-based bank managed a second straight year of record new wealth management business while its major competitors suffered double-digit losses in 2022. And executives think they’re just scratching the surface of what’s possible.
Cambridge Trust: No Strategy Change Amid Exec Changes
Recent retirements among Cambridge Trust Co.’s senior executives do not signal a coming strategic change at the bank, according to the bank’s CEO.
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.
Cambridge Trust Expects Deposits to Hold Steady Through Q4
Cambridge Trust Co. executives said Tuesday that the bank expects its deposits won’t keep growing through the end of the year as lenders everywhere face an uphill battle against a weakening economy and rising interest rates on Treasury bonds.
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.
Personnel File – No.295
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
John Traynor Joins Cambridge Trust
John Traynor, who spent more than a decade as chief investment officer at People’s United Bank, has joined Cambridge Trust Co. to lead its wealth management expansion in Connecticut.
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 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.
Cambridge Trust Finds Opportunity in Upheaval
As mergers and acquisitions continue to alter the region’s banking landscape, one local bank has found an opportunity amid the shakeup to expand its wealth management services into a third New England state.
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.
Personnel File – No. 267
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
