Cambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.

Provided By PR Newswire

Last update: Sep 19, 2023

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").