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R. Gregg Stone Joins Board of Directors of Cambridge Bancorp

Monday, October 26, 2009

CAMBRIDGE, Mass. - Cambridge Bancorp and its subsidiary, Cambridge Trust Company, announced that R. Gregg Stone has joined its Board of Directors. Mr. Stone presently serves as the sole manager of the general partner of two venture funds, Kestrel Venture Partners and Mass Venture Equity Partners.

“I am delighted to welcome Gregg to the Board,” said Joseph V. Roller II, president and Chief Executive Officer of Cambridge Trust Company. “He brings a wealth of valuable experience and perspective that will help guide Cambridge Trust’s continued success as we grow our investment management and banking businesses.”

“The last few years have shown us all that there is an unabated need for high quality, community focused financial institutions like Cambridge Trust. I am honored to become part of such a conscientious company,” stated Gregg Stone.

Mr. Stone is also an active angel investor and manages two capital pools for his family. Private investments have included companies in the healthcare, software, retail and manufacturing industries as well as oil and gas exploration and development. He currently serves as a director of four private companies and as a chairman of another. Past directorships have included IntraServer, merged into LSI Logic, Progressive Technologies, merged into Brooks Automation, and NovaCare, from inception through NYSE listing.

Before founding Kestrel in 1996, Mr. Stone worked at Pell, Rudman & Co. Inc. (now Atlantic Trust Company), a Boston-based investment adviser, and served as the general partner of its two venture funds. Mr. Stone joined Pell, Rudman after practicing law at the firm of Hemenway & Barnes in Boston. He holds J.D. and A.B. degrees from Harvard. Mr. Stone serves as a director of the Boys & Girls Clubs of Boston, Summer Search Boston and Camp Pasquaney and as a member of the Board of Managers, which manages three major Boston endowments. He is a trustee emeritus of the Beth Israel Deaconess Medical Center.

Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Massachusetts, in the heart of Harvard Square. Cambridge Trust Company is a 119-year-old Massachusetts chartered commercial bank with $998 million in total assets and ten Massachusetts locations in Cambridge, Beacon Hill, Belmont, Concord, Lincoln and Weston. Cambridge Trust Company is one of New England’s leaders in wealth management with $1.4 billion in client assets under management. In addition, Cambridge Trust Company of New Hampshire offers wealth management services at two New Hampshire locations, Concord and Exeter.

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