Updates from Cambridge Trust

 

A message from our President & CEO

March 15, 2023

To our valued clients,

Cambridge Trust is here for you and your commercial needs. The bank has been in business for over 132 years and we are focused on providing safe and sound solutions for our clients.

We have 22 locations throughout Massachusetts and New Hampshire and are a local presence for you to count on. I am here to build custom financial solutions to grow and protect not just your wealth but that of your business, with sophisticated treasury management services. We offer a full suite of deposit products for consumers and businesses, including Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry Service (CDARs) and the bank is committed to excellent client service.

We are a conservative, healthy bank with total assets of $5B and client wealth assets of $4B. Our revenues are diversified. With a strong capital position, robust liquidity and strong asset quality, our company is prepared to weather difficult environments. We are committed to the communities we serve and act as a responsible corporate citizen.

I stand ready to help you. As a responsible financial institution, Cambridge Trust is prepared to help clients in any way we can.

 

Our Cambridge Trust team is accessible to serve your personal and business banking needs.

ICS®, the Insured Cash Sweep® service, and CDARS® are smart, secure, and convenient ways to safeguard your large deposits. With ICS and CDARS, you can access multi-million dollar FDIC insurance and earn interest, all through Cambridge Trust.

Video Update from Cambridge Trust’s President & CEO

We recognize that there is some concern relevant to recent events in the market. Cambridge Trust is here for you and your banking needs. The bank has been in business for over 132 years, and we are focused on providing safe and sound solutions for our clients. As a responsible financial institution, Cambridge Trust is prepared to help clients in any way we can.

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Safety and sound advice have never been more important.

We have options that best suits your personal and financial situation with the personal attention and responsiveness of our highly skilled professionals.

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Our Client Resource Center is here for you

The Client Resource Center team is a highly responsive group of experienced professionals committed to providing you with truly personal service and assistance with your private banking needs.

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Cybersecurity Awareness

Unfortunately, during times of uncertainty, fraudsters often take advantage of the fears surrounding the event. Rest assured, that our technology is safe and you can connect remotely with confidence for your digital banking needs. However, there are some steps we can all take to protect ourselves from scams:

  • Pay attention to phishing emails. Make sure you read and recognize the emails or senders; be aware of what you are clicking on.
  • Ensure you keep your home WIFI networks password protected.
  • Limit work on confidential material in public spaces and secure physical computing assets.
  • Do not click or take action on SMS phishing messages
  • Call Cambridge Trust directly if you have any questions or concerns. Note: Cambridge Trust will not ask for your password over the phone.

Please see the Federal Trade Commission Website for specific scam information.

Financial Strength
and Stability

Cambridge Trust has a 132-year history of financial strength and stability. The Bank is conservatively managed, and we are well prepared for a challenging economic environment. Our balance sheet is safe and sound with excellent asset quality, strong capital levels and liquidity. Read More