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Cambridge Trust Company Appoints William M. Yates

Friday, January 08, 2010

CAMBRIDGE, Mass. - Cambridge Bancorp (OTCBB: CATC) and its subsidiary, Cambridge Trust Company, recently announced the appointment of William M. Yates as vice president, business development officer in the Wealth Management department.

Mr. Yates comes to Cambridge Trust Company with thirty years of experience in the investment industry, having most recently served as Senior Vice President at Cannon Financial Institute, a nationally recognized wealth management training and consulting company. Mr. Yates began his finance career at Boston Safe Deposit and Trust Company as an Investment Officer managing personal trusts and estates. He joined The Boston Company in 1979 after which in 1984 he founded MicroMarketing Tehcnologies, Inc., specializing in financial direct marketing. He also served at TD Banknorth Wealth Management as Vice President.

“We are extremely pleased to have someone with Bill’s deep investment experience, strong client focus, and sharp market insights join Cambridge Trust Company,” notes Michael A. Duca, executive vice president and head of Wealth Management. “Wealth management continues to present a significant growth opportunity, and in his new role, Bill is poised to expand the business for the bank.”

Mr. Yates was the Founding Chair of The Mayor’s Cup Regatta and serves as a member of the Board of Directors of AccesSportAmerica and is a Life Governor of the Nichols House Museum on Beacon Hill.

Mr. Yates earned a BA from Haverford College and a JD from Suffolk University Law School. He lives in Weston with his wife and has three grown children.

Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Massachusetts, in the heart of Harvard Square. Cambridge Trust Company is a 119-year-old Massachusetts chartered commercial bank with $998 million in total assets and ten Massachusetts locations in Cambridge, Beacon Hill, Belmont, Concord, Lincoln and Weston. Cambridge Trust Company is one of New England’s leaders in wealth management with $1.4 billion in client assets under management. In addition, Cambridge Trust Company of New Hampshire offers wealth management services at two New Hampshire locations, Concord and Exeter.

Contact:
Cambridge Trust Company
Robert Siegrist
SVP, Marketing Director
617-441-1443

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