We are most successful when we serve as a true financial partner to the communities in which we work and live. From community education to affordable housing programs to company-wide volunteerism, we put our strengths to work for the benefit of our neighbors.
The community is at the heart of Cambridge Trust. Whether receiving paid time off to volunteer, supporting local organizations through philanthropic commitments, or providing the best in banking and wealth management services to community-focused ventures—commerce and cause are synonymous in how we lead and innovate as a company.
We demonstrate our commitment to affordable housing through our relationship with Massachusetts Housing Partnership. We are driven to help provide housing to those who need it most – especially at a time when many households spend more than half their income on rent.
Our $100 million voluntary loan contribution to MHP is one of the largest of its kind in the U.S.
Enacted by Congress in 1977, the CRA is a federal statute that encourages financial institutions to help meet the credit needs of their operational communities, including low- and moderate-income borrowers. We maintain and monitor our efforts that support our communities through a Cambridge Trust Company CRA to effectively serve our constituents.