M&A Deal Summary |
|
---|---|
Date | 2019-12-05 |
Target | Wellesley Bank |
Sector | Financial Services |
Buyer(s) | Cambridge Trust |
Deal Type | Add-on Acquisition |
Deal Value | 122M USD |
Advisor(s) | Sandler O'Neill + Partners (Financial) Kilpatrick Townsend & Stockton (Legal) |
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Category | Company |
---|---|
Founded | 1890 |
Sector | Financial Services |
Employees | 407 |
Revenue | 163M USD (2023) |
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 founded in 1890 and is based in Cambridge, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 2 of 3 |
Sector (Financial Services) | 2 of 3 |
Type (Add-on Acquisition) | 1 of 1 |
State (Massachusetts) | 1 of 2 |
Country (United States) | 2 of 3 |
Year (2019) | 1 of 1 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-12-05 |
Optima Bank & Trust
Portsmouth, New Hampshire, United States 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. |
Buy | $67M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-05-23 |
Northmark Bank
North Andover, Massachusetts, United States Northmark Bank offers a full range of banking services to individuals, businesses, and non-profit organizations. Its staff strives to cultivate banking relationships with clients with the focus of tailoring banking solutions to each individual client's banking needs. Northmark was formed in 1987 and currently operates three branches in North Andover, Andover, and Winchester, Massachusetts. |
Buy | $63M |