Cambridge Trust to Acquire Massachusetts Bank
Massachusetts-based Cambridge Trust Co., which has expanded its wealth management business into Connecticut, plans to acquire another Massachusetts bank for its third bank deal in four years.
Massachusetts-based Cambridge Trust Co., which has expanded its wealth management business into Connecticut, plans to acquire another Massachusetts bank for its third bank deal in four years.
As mergers and acquisitions continue to alter the region’s banking landscape, Massachusetts-based Cambridge Trust Co. has found an opportunity amid the shakeup to expand its wealth management services into Connecticut.
A Massachusetts-based bank plans to expand its wealth management business into Southern Connecticut as the bank brings on five new employees from People’s United Bank, a sign of the type of move banks might make amid the disruption resulting from this year’s mergers and acquisitions.