Frequently Asked Questions

Welcome Optima Bank & Trust Clients


Who is Cambridge Trust and where are they located?

Cambridge Trust Company is a wholly owned subsidiary of Cambridge Bancorp, (NASDAQ: CATC) based in Cambridge, Massachusetts. Founded in 1890, Cambridge Trust is one of New England’s leaders in private banking and wealth management. Cambridge Trust’s 10 private banking offices are located in Boston, Cambridge, Belmont, Concord, Lexington, and Weston. Its Wealth Management group maintains offices in Boston and Concord, Manchester, and Portsmouth, New Hampshire. Cambridge Trust has been providing comprehensive wealth management and trust services in New Hampshire since the 1990s.

Like Optima Bank, Cambridge Trust believes that client service, including local decision making, are market differentiators that will continue post-merger.

Is Cambridge Trust a safe and sound financial institution?

Cambridge Trust has a long track recorded of consistent growth and profitability since its inception in 1890. As of September 30, 2018, the Company had total assets of $2.0 billion and assets under management and administration of $3.2 billion, with $1 billion of this total in New Hampshire.

Capital Ratios: Cambridge Bankcorp as of September 30, 2018

  • Tier 1 Leverage Ratio 8.5%
  • Common Equity Tier 1 Ratio 12.8%
  • Tier 1 Risk-Based Capital Ratio 12.8%
  • Total Risk-Based Capital Ratio 14.0%

Who does Cambridge Trust serve?

As a private bank, Cambridge Trust is uniquely positioned to offer comprehensive and integrated financial solutions to individuals and their families, businesses and their owners, and nonprofit organizations.

How will clients benefit from the merger of Cambridge Trust and Optima?

Clients will benefit from our culture of trust and doing what’s always in their best interest. Individual and business clients will have access to a broad array of contemporary private banking and wealth management services including, deposit accounts, residential, commercial and personal loans, wealth planning, investment management and trust services – delivered with highly responsive and exceptional personal service.

Examples of potential benefits to clients include:

  • The merger will allow loan sizes of up to $30 million in the local New Hampshire marketplace, up from the current level of $5 million today.
  • Clients of Optima Bank will have the opportunity to work with Cambridge Trust Wealth Management.
  • With some limitations, many Cambridge Trust New Hampshire clients already enjoy deposit accounts, mortgages, and credit services through our Massachusetts bank. By becoming a full-service bank in New Hampshire, with branch office locations, those limitations are mitigated.
  • Cambridge Trust clients will benefit from a broader geographic footprint with locations and ATMs in New Hampshire as well as our legacy footprint.

What is a private bank?

To us, a private bank takes the complexity out of your financial life, so that you can focus on what’s important to you — your family, your business, your legacy and your community. A trusted private banker takes the time to get to know you to understand your values and financial goals — now and in the future — building a long-term relationship based on trust.

Wherever you are in your financial life — buying a home, growing a business, investing for your future, or transferring your wealth to the next generation, a private bank offers a broad range of contemporary banking, wealth planning, investing and trust services that clients can access throughout their financial lives.

Why is Cambridge Trust merging with Optima Bank?

Joining forces with Cambridge Trust preserves the strengths of Optima Bank while bringing additional capabilities and scale to better meet the needs of our customers.

This combination provides:

  • Larger lending capability
  • A full range of wealth management capabilities including wealth planning, investment management and trust services
  • Sophisticated treasury management services for businesses


Will there be any changes to customer accounts?

Cambridge Trust does not anticipate significant product, rate, or fee changes in the immediate term. Every effort will be made to minimize changes to your products, rates, and fees as the two organizations products and systems are aligned in 2019. We will keep clients informed on what to expect through ongoing communications.