What to expect

When will the merger close?

The merger is expected to close during the first quarter of 2024, subject to required regulatory approvals, shareholder approval and other conditions

How will the organizations operate?

Both organizations will continue to operate separately until the merger is complete and until then you should continue to bank as you do today.

Once the merger is complete, the combined Wealth Management and Private Banking divisions of both banks will operate under the Cambridge Trust brand name while all other areas of the merged bank including Commercial, Business and Consumer Banking will operate under the Eastern Bank brand name.

What does this mean for Eastern Bank and Cambridge Trust customers?

For now, there are no changes in how you bank with us and there is no need to take any action. Your relationship with your banking team also remains the same and we remain committed to serving your needs with the highest quality of service. 

After the regulatory approval is completed, we will be communicating proactively with you on how to prepare for any transition, if applicable.