Cambridge Bancorp (OTCBB: CATC) announced that its Board of Directors has approved a 7.1 percent increase in its quarterly dividend from $0.42 per share to $0.45 per share. The dividend is payable March 30, 2015 to shareholders of record as of March 10, 2015.
About Cambridge Bancorp
Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Massachusetts, in the heart of Harvard Square. Cambridge Trust Company is a 125-year-old Massachusetts chartered commercial bank with $1.6 billion in total assets and 12 Massachusetts branch offices in Cambridge, Boston, Belmont, Concord, Lexington, Lincoln, and Weston. Cambridge Trust Company is one of New England’s leaders in wealth management with $2.3 billion in client assets under management. The Wealth Management group maintains offices in Boston, Massachusetts, and Concord and Portsmouth, New Hampshire.
Contacts:
Albert R. Rietheimer, 617-441-1516
Chief
Financial Officer & Treasurer
