Cambridge Trust Company Announces Appointments of John Sullivan and Kerri Mooney to Senior Leadership Roles
Sullivan to Take Charge of Bank’s Growing Jumbo Mortgage Financing and Personal Lending Business; Mooney to Lead Private Banking Offices
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced the appointments of John J. Sullivan as Senior Vice President and Director of Personal Lending and Kerri A. Mooney as Senior Vice President and Director of Private Banking Offices. Sullivan and Mooney are responsible for the strategy development, leadership and growth of their respective areas.
Sullivan and Mooney will replace Thomas A. Johnson, the Bank’s longtime Executive Vice President & Consumer Banking Director, who left the Company in June. By dividing the role, Cambridge Trust will enable these veteran bankers to better serve the increasingly complex financial needs of its rapidly growing private banking and wealth management clientele.
“Cambridge Trust has been making strategic hires in support of its expanded private banking and wealth management offering. By appointing John Sullivan to lead Personal Lending and Kerri Mooney to head Private Banking Offices, we are bringing in leaders with decades of experience who can provide superior, integrated banking and wealth management solutions for our clients,” said Mark D. Thompson, President and Director of Cambridge Trust. “John’s reputation in the mortgage industry and as a business-builder across banking services will provide important support as we seek to build new relationships and deepen existing ones, and Kerri’s experience in building successful banking teams and developing best-in-class client experiences will be essential as we continue to grow as a private bank.”
During the past two years, Cambridge Trust has been bolstering its Private Banking business not only by drawing upon its existing capabilities and personnel, but also by adding to its product and service capabilities as well as recruiting experienced bankers to meet the growing wealth management needs of high net worth individuals and their families, business owners and nonprofit organizations.
About John Sullivan
Sullivan, who has more than 30 years of banking experience, joins Cambridge Trust from Boston Private Bank & Trust Company. While at Boston Private, Sullivan was a member of the Executive Leadership Committee and held several key leadership positions, including Executive Vice President, Residential Lending, where he led a 40-person team and drove loan growth of $1.2 billion. Sullivan also served as Executive Vice President, Wealth Management and Trust. In this capacity, he led a group with $4.8 billion in assets under management, providing wealth management, trust services and private banking to individuals and institutions in New England and California.
Sullivan holds a B.A. degree in business administration from Boston College. He is active in the community, serving as a founding board member of Nokona USA Baseball, a leading youth baseball training and development program.
About Kerri Mooney
Mooney, with nearly 25 years in banking, previously was Director of Branches for HarborOne Bank, where she was responsible for service, sales, talent development, operations and risk management in its retail division.
Formerly, Mooney was First Vice President/District Manager, Greater Boston, at Rockland Trust, where she managed 14 branches in the area with $500 million in deposits. She also led Rockland Trust’s Greater Boston Expansion Project, including helping the bank attain corporate growth targets and introduce client experience enhancements. She earlier had been a member of Rockland Trust’s retail management team.
Earlier in her career, Mooney held positions with other regional institutions including Northern Bank and Trust, Slades Ferry Bank and Cambridgeport Bank.
Mooney holds a B.A. degree in political science from Boston College. She is active in civic and philanthropic circles, serving as co-organizer and co-host of Burlington Dancing with the Stars (an American Cancer Society benefit), and also serving with Cambridge Housing Assistance and the Girl Scouts of Eastern Massachusetts.
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 $3.1 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180717005193/en/
Cambridge Bancorp
Jennifer Willis
Jennifer.Willis@cambridgetrust.com
Source: Cambridge Bancorp
TERMS AND CONDITIONS OF USE
The investor relations site ("Site") with which this document is associated is maintained by S&P Global Market Intelligence ("S&P") on behalf of the organization featured on the Site (S&P's "Client"). These Terms and Conditions of Use ("Terms of Use") set forth the terms on which you may use the Site, and the information and materials contained therein (the "Contents"). By using the Site, you agree to these Terms of Use. If you do not agree to these Terms of Use, you are not authorized to use the Site or Contents in any manner, and you should immediately discontinue any use of the Site or the Contents. S&P and/or its Client shall have the right at any time to modify or discontinue any aspect of the Site or any part of the Contents. S&P may also modify these Terms of Use without notice. You agree to monitor these Terms of Use, and to cease all access or use of the Site if you no longer agree to abide by the Terms of Use. Your continued use of the Site shall constitute acceptance of such modification. S&P and the Client grant to you a limited, personal license to access the Site and to access and download the Contents, but only for your own personal, family and household use. You may not use, reproduce, distribute or display any portion of the Site for any other purpose, including without limit any commercial purpose. You may use the Site and the Contents for lawful purposes only. S&P and Client reserve all rights not expressly granted, including the right to terminate your use of the Site without notice. The Site contains copyrighted material, trademarks and service marks, and other proprietary information, including but not limited to text, software, and graphics, which materials are owned by S&P and/or its Client. S&P and Client reserve all rights in the Contents. You agree not to reproduce, distribute, sell, broadcast, publish, retransmit, disseminate, circulate or commercially exploit the Site or the Contents without the express written consent of S&P and the Client. You agree to access the Contents and the Site manually, by request, and not automatically, through the use of a program, or other means. You agree not to take any action, alone or with others, that would interfere with the operation of the Site, to alter the Site in any way, or to impede others' access to and freedom to enjoy and use the Site as made available by S&P and S&P’s Client. THE SITE AND THE CONTENTS ARE PROVIDED ON AN "AS IS" BASIS. S&P, ITS CLIENT, AND ANY OTHER PROVIDERS OF THE INFORMATION EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF ACCURACY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. NEITHER, S&P, THE CLIENT NOR EITHER OF THEIR AFFILIATES, SHAREHOLDERS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, EXEMPLARY , PUNITIVE SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THE SITE, THE USE OF OR INABILITY TO USE THE SITE, OR THE CONTENTS, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN PARTICULAR, S&P WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY YOUR RELIANCE ON INFORMATION OBTAINED THROUGH THE SITE. It is your responsibility to evaluate the accuracy, completeness or usefulness of any of the Contents available on the Site. Please seek the advice of professionals regarding the evaluation of any of the information on the Site. The Site does not represent an offer or solicitation with respect to the purchase or sale of any security. These Terms of Use are the entire agreement between the parties with respect to its subject matter, and it can be amended only via written agreement by S&P. These terms and conditions shall be governed by the law of New York, without regard to principals of conflicts or choice of laws. |