Our Communities

Staying true to strong ties

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.

 

Employee giving

In addition to performing a corporate day of service each year, every employee is given eight hours of paid time off annually for other volunteer activities. Many also donate their time and talents to a variety of nonprofit organizations across Massachusetts and New Hampshire.

Our team provided 2,000 volunteer hours in 2021.


A partnership to advance affordable housing

Our commitment to affordable housing is demonstrated through our relationship with Massachusetts Housing Partnership. We are driven to do more than the industry standard 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.


Financial literacy

We prioritize financial education to help our neighbors better understand what’s possible – regardless of whether they are customers of Cambridge Trust.

We’ve delivered 30 classes and helped over 1,500 people learn more about topics like homebuying and improving their credit.


Community Reinvestment Act (CRA)

Enacted by Congress in 1977, the CRA is a federal statute that encourages financial institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income borrowers. We maintain and monitor our efforts and activities that support our communities through a Cambridge Trust Company CRA Program, which is the strategy for effectively serving our constituents.


Cambridge Trust Charitable Foundation

We are proud to support the Cambridge Trust Charitable Foundation in its goal to fund organizations that provide invaluable services within our communities.

Supported 260 organizations, including COVID-19 and racial justice initiatives.

Download the Impact Report

 


Every day Cambridge Trust works to strengthen existing connections and create meaningful new ones as well.