CAMBRIDGE TRUST COMPANY, Cambridge Massachusetts and EASTERN BANK, Boston, Massachusetts have petitioned the Board of Bank Incorporation (Board) and the Division of Banks (Division) for various approvals in connection with a multi-step corporate transaction. EASTERN BANK is seeking approval for CAMBRIDGE TRUST COMPANY to merge with and into EASTERN BANK. The main office of EASTERN BANK would remain the main office of the continuing institution. As part of this merger transaction, CAMBRIDGE TRUST COMPANY has petitioned to close its branch offices located at: (1) 69 Park Street, Andover; (2) 776 Beacon Street, #1, Newton Center; and (3) 99 South River Road, Bedford, New Hampshire. In connection with this merger transaction, EASTERN BANK has petitioned to close its branch offices located at: (1) 63 Franklin Street, Boston; (2) 265 Franklin Street, Boston; (3) 287 3rd Street, Cambridge; (4) 1 Brattle Square, Cambridge; (5) 1833 Massachusetts Avenue, Lexington; (6) 258 Washington Street, Wellesley; (7) 538 Central Avenue, Dover, New Hampshire; and (8) 163 Deer Street, Portsmouth, New Hampshire. This multi-step transaction includes the acquisition of CAMBRIDGE BANCORP, the holding company for CAMBRIDGE TRUST COMPANY, by EASTERN BANKSHARES, INC., the holding company for EASTERN BANK. 

In determining whether or not to approve these petitions the Board and the Division must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by these proposals. A virtual public hearing will be given to all interested parties on the petition before the Board on Tuesday, January 9, 2024 at 10:00 a.m. The link providing information for the virtual hearing, including the online meeting software that will be used to conduct the virtual hearing, will be available on the Division’s website at *** by noon on Monday, January 8, 2024. All comments concerning these petitions must be filed with the Board or the Division at 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to [email protected] by the close of business on Wednesday, January 17, 2024. The application and all communications relative to this matter are available by request at [email protected]

MARY L. GALLAGHER - Commissioner of Banks
DEBORAH B. GOLDBERG - Treasurer and Receiver-General
GEOFFREY E. SNYDER - Commissioner of Revenue