M&A Deal Summary

Cambridge Trust Acquires Optima Bank & Trust

On December 5, 2018, Cambridge Trust acquired financial services company Optima Bank & Trust for 67M USD

Acquisition Highlights
  • This is Cambridge Trust’s 1st transaction in the Financial Services sector.
  • This is Cambridge Trust’s 2nd largest (disclosed) transaction.
  • This is Cambridge Trust’s 1st transaction in the United States.
  • This is Cambridge Trust’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2018-12-05
Target Optima Bank & Trust
Sector Financial Services
Buyer(s) Cambridge Trust
Deal Type Merger
Deal Value 67M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Goodwin Procter (Legal)

Target

Optima Bank & Trust

Portsmouth, New Hampshire, United States
website
Optima Bank & Trust Co. is a commercial bank offering exceptional service along with the latest in technology, including mobile and online banking and remote deposit anywhere. Optima Bank & Trust Co. was formed in 2008 and is based in Portsmouth, New Hampshire.

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Buyer(S) 1

Buyer

Cambridge Trust

Cambridge, Massachusetts, United States

website

Category Company
Founded 1890
Sector Financial Services
Employees379
Revenue 186M USD (2022)
DESCRIPTION

Cambridge Trust is a private bank that creates custom financial solutions to build, grow and protect wealth for the needs of today’s individuals, families, businesses, private partnerships and nonprofit organizations. Cambridge Trust was incorporated in 1890 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Merger) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Wellesley Bank

Wellesley, Massachusetts, United States

Wellesley Bancorp, Inc. is a provider of personal, customized, premier banking services to successful people, families, businesses and non-profit organizations. The bank has six full-service banking offices in Wellesley, Newton, Needham, and Boston.

Buy $122M
Mergr

Product

Company

Legal