CAMBRIDGE, Mass. --( February 1,2019)-- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC) today announced the appointment of Kenneth Tingle as Assistant Vice President and Office Manager for the Huron Village office located at 353 Huron Avenue in Cambridge. Tingle, the former manager of the Belmont Savings Bank in Belmont, will be responsible for deepening relationships with consumers and businesses so that they may experience the comprehensive benefits of Cambridge Trust’s private banking and wealth management services. Tingle replaces Elaine Arsenault, who served as Officer Manager of the Huron Village office for 36 years until her retirement in December 2018.
“Ken Tingle has built a strong reputation as a community banker, committed to meeting the financial needs of businesses, consumers and nonprofit organizations,” said Kerri A. Mooney, Senior Vice President and Director of Private Banking Offices. “He brings tremendous knowledge and experience to his new role, and will be an instrumental member of our Cambridge- and Belmont-based team.” Cambridge Trust’s Belmont office was established ten years ago, and the Huron Village office has served clients since 1974.
“I am proud to be joining a bank that has such deep roots in the community. Cambridge Trust’s approach to private banking and wealth management is built on a legacy of trust, which I look forward to cultivating.” added Tingle.
The appointment of Tingle is further evidence of Cambridge Trust’s commitment to innovation, change and growth. In 2018, the bank executed a number of strategic initiatives including re-branding the company; agreeing to merge with Optima Bank & Trust of New Hampshire; and hiring experienced leaders to provide cohesive private banking and wealth management services to meet the complex needs of high net worth individuals and their families; business owners; private partnerships; and nonprofit organizations.
About Kenneth Tingle
Kenneth Tingle currently serves as Treasurer for Cambridge Neighbors, a 501C(3) nonprofit organization that offers programs, staff and services to residents of Arlington, Belmont, Cambridge, Somerville and Watertown that face challenges as part of the aging process. In addition, Tingle has provided seminars and served as a resource for elders and their families, to educate them about safe banking practices and practical financial solutions, tailored to their specific situations. He has also been active with the Boys and Girls Clubs, mentoring young people about Banking and Finance.
About Cambridge Trust
Cambridge Trust, headquartered in Cambridge, Massachusetts is a 129-year-old Massachusetts chartered commercial bank with approximately $2.0 billion in assets and ten Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington and Weston. Cambridge Trust is one of New England’s leaders in private banking and wealth management with $3.1 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire. In December 2018, Cambridge Bancorp, the parent company of Cambridge Trust, announced a definitive agreement to merge with the Optima Bank & Trust Company which has offices in Bedford, Dover, North Hampton, Portsmouth and Stratham, New Hampshire.
Source: Cambridge Trust