Welcome to Cambridge Trust

We are pleased to announce that Cambridge Trust and Optima Bank & Trust signed a definitive merger agreement on December 5, 2018.  Both companies share a culture that fosters trusted relationships with its clients by always doing what’s in their best interest and delivering exceptional personal service.

Cambridge Trust has been providing comprehensive wealth management services in New Hampshire since the 1990s and manages over $1 billion in wealth assets. The merger provides a compelling opportunity for Optima Bank & Trust clients who will now have access to sophisticated wealth management services while continuing to enjoy their banking relationship with their locally based team.

Like Optima Bank & Trust, Cambridge Trust has a longstanding commitment to the communities in which we live and work. Our locations in Massachusetts and New Hampshire provide us with the opportunity to be face-to-face with our clients, creating trusted relationships that have resulted in deep roots in the communities we serve.

Information Center

As we work together to integrate the two organizations, we’ll update this section to provide you with important information regarding all changes and enhancements to your accounts and services.


About Cambridge Bancorp
Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 128-year-old Massachusetts chartered commercial bank with approximately $2.0 billion in assets and 10 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington, and Weston. Cambridge Trust Company is one of New England's leaders in private banking and wealth management with $3.2 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston and Concord, Manchester and Portsmouth, New Hampshire.
For more details on Cambridge Bancorp visit: www.cambridgetrust.com
 
About Optima Bank & Trust Company
Optima Bank & Trust Company is headquartered in Portsmouth, New Hampshire, and was founded in 2008 by local bankers and business leaders.  Optima has approximately $524 million in total assets, and operates six New Hampshire locations in Portsmouth, Dover, Stratham, North Hampton, and Bedford.
For more details on Optima Bank & Trust Company, please visit: www.optimabank.com
 
Forward-Looking Statements
Certain statements herein may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements about the Company and its industry involve substantial risks and uncertainties. Statements other than statements of current or historical fact, including (i) statements about the benefits of the merger between Cambridge and Optima, including future financial and operating results, cost savings and accretion to reported earnings that may be realized from the merger; (ii) Cambridge’s and Optima’s plans, objectives, expectations and intentions and other statements contained in this release that are not historical facts; statements regarding the Company’s future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, are forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Such factors include, but are not limited to, the following: (1) the businesses of Cambridge and Optima may not be combined successfully, or such combination may take longer to accomplish than expected; (2) the cost savings from the merger may not be fully realized or may take longer to realize than expected; (3) operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected; (4) governmental approvals of the merger may not be obtained, or adverse regulatory conditions may be imposed in connection with governmental approvals of the merger; (5) the stockholders of Optima may fail to approve the merger; (6) changes to interest rates, (7) the ability to control costs and expenses, (8) general economic conditions, (9) the success of the Company’s efforts to diversify its revenue base by developing additional sources of non-interest income while continuing to manage its existing fee-based business, (10) risks associated with the quality of the Company’s assets and the ability of its borrowers to comply with repayment terms, and (11) disruptions in the Company’s ability to access the capital markets and other factors that are described in the Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year end December 31, 2017, which the Company filed on March 21, 2018. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. You are cautioned not to place undue reliance on these forward-looking statements.
 
Additional Information and Where to Find it
In connection with the proposed merger, Cambridge Bancorp will file with the Securities and Exchange Commission (“SEC”) a Registration Statement on Form S-4 that will include a Proxy Statement of Optima Bank & Trust Company and a Prospectus of Cambridge Bancorp, as well as other relevant documents concerning the proposed merger. Investors and shareholders are urged to read the Registration Statement and the Proxy Statement/Prospectus regarding the proposed merger when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. A free copy of the Registration Statement and Proxy Statement/Prospectus, as well as other filings with the SEC containing information about Cambridge and Optima, when they become available, may be obtained free of charge at the SEC’s Internet site (www.sec.gov). Copies of the Registration Statement and Proxy Statement/Prospectus (when they become available) and the filings that will be incorporated by reference therein may also be obtained, free of charge, from Cambridge Bancorp’s website at http://ir.cambridgetrust.com/ or by contacting Cambridge Bancorp’s Investor Relations at (617) 520-5520.
 
Participants in Solicitation
Optima Bank & Trust Company and its respective directors, executive officers and certain other members of management and employees may be deemed to be “participants” in the solicitation of proxies from the shareholders of Optima Bank & Trust Company in connection with the merger. Information about the directors and executive officers of Optima Bank & Trust Company and their ownership of Optima Bank & Trust Company common stock, and the interests of such participants, may be obtained by reading Optima Bank & Trust Company’s proxy statement/prospectus when it becomes available.