Cambridge Trust, Wellesley OK’d to Merge June 1
Two community banks plan to go ahead with a merger even as the coronavirus pandemic has seen bank operations focus on customers affected by the economic crisis.
Cambridge Trust-Wellesley Bank Merger Worth $122M
Cambridge Trust Co., will pay $122 million when it acquires Wellesley Bank in an all-stock transaction. It will be Cambridge Trust’s second merger of the year.
Cambridge Trust Co. to Merge with Wellesley Bank
The holding companies for Cambridge Trust Company and Wellesley Bank have entered into an agreement in which Wellesley Bancorp Inc. will merge with and into Cambridge Bancorp in an all-stock transaction, according to a joint statement from the banks.
Wellesley Bancorp Reports Q3 Earnings
Wellesley Bancorp, the holding company of Wellesley Bank, reported third quarter net income of $1.2 million, up more than $450,000 from the third quarter of 2016.
Wellesley Recruits State Street Banker As New CFO
Wellesley Bancorp has tapped a former State Street...Wellesley Gets A Boost From Mortgage Lending In Q3
Wellesley Bancorp posted double-digit gains in net...
