Cambridge Bancorp Commences Trading on NASDAQ

Company Release - 10/18/2017 10:50 AM ET

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Cambridge Bancorp, the parent company of Cambridge Trust Company, today announced that its shares of common stock were approved for listing on the NASDAQ Capital Market (“NASDAQ”) and trading has commenced today under the symbol “CATC.”

“We are pleased to move Cambridge Bancorp’s listing to NASDAQ, one of the world’s leading stock exchanges. In joining NASDAQ, we aim to give Cambridge Bancorp greater access to the capital markets, improved visibility among investors, and increased liquidity for our shareholders. We believe that having our shares trade on a national exchange will, over time, help with these efforts,” noted Cambridge Bancorp’s Chairman and CEO, Denis K. Sheahan.

Cambridge Bancorp’s common stock was previously traded over the counter under the symbol CATC.

About Cambridge Bancorp

Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 127-year-old Massachusetts chartered commercial bank with $1.9 billion in assets and 11 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington and Weston. Cambridge Trust Company is one of New England’s leaders in wealth management with $2.9 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.

Forward-looking Statements

Certain statements herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). These statements are intended to take advantage of the “safe harbor” provisions of the PSLRA. These statements are based on the beliefs and assumptions of management of the Company and its subsidiaries and on the information available to management at the time that these statements were made. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. As a result, actual results may differ from those contemplated by these statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Such statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “forecast,” “estimate,” “intend,” “will,” “would,” “should,” “could,” “may,” or similar words. There are a number of factors, many of which are beyond the Company’s control, that could cause actual conditions, events or results to differ materially from those in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, changes in the interest rate environment, unfavorable or less than favorable changes in general economic conditions (nationally or regionally), our ability to continue to increase loans and deposit growth, increased competitive pressures among depository and other financial institutions, legislative and regulatory changes that adversely affect the businesses in which the Company is engaged, changes in the securities market, and other factors that are described in the Company’s annual report. Readers should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company disclaims any intent or obligation to update any forward-looking statements, whether in response to new information, future events or otherwise, except as may be required by law.

This press release is not an offer to sell and is not soliciting an offer to buy any securities, nor shall there be any offer or sale of any securities in any jurisdiction where the offer or sale is not permitted.

Cambridge Bancorp
Michael F. Carotenuto, 617-520-5520
Chief Financial Officer
Michael.Carotenuto@cambridgetrust.com

Source: Cambridge Bancorp