Cambridge Trust Welcomes New Commercial Bankers

Rhea-AI Summary

Cambridge Bancorp (NASDAQ: CATC) announced the expansion of its lending team to meet rising demand for commercial and non-profit lending in Massachusetts and New Hampshire. The addition of Bradford J. Buckley and David Semenza, who bring over 50 years of combined experience, enhances the bank's expertise in these sectors. Buckley will focus on commercial and industrial lending, while Semenza will lead efforts toward nonprofit organizations. Cambridge Trust, a 131-year-old chartered bank, has approximately $4.5 billion in assets and is a leader in private banking and wealth management.

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• Expansion of the lending team to meet growing market demand.
• Addition of experienced professionals with over 50 years of combined expertise.
• Focused strategy to enhance services in commercial and non-profit lending sectors.

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• None.

CAMBRIDGE, Mass., Dec. 21, 2021 /PRNewswire/ -- Cambridge Bancorp, (NASDAQ: CATC), parent of Cambridge Trust Company, announced the expansion of the bank's lending team in support of the growing needs for commercial and non-profit lending in Massachusetts and New Hampshire.

Cambridge Trust's commercial lending team is building momentum with the addition of two seasoned commercial lending leaders. Bradford J. Buckley and David Semenza bring a combined fifty years of experience to Cambridge Trust's commercial and non-profit lending expertise in New England.

"The greater Boston commercial lending market is undergoing a period of dynamic and lasting change," said Marty Millane, executive vice president, Chief Lending Officer, Cambridge Trust. "We're excited to welcome Brad and Dave to our team of experienced lending leaders, ensuring that our clients can continue to rely on our expertise and support to help their businesses succeed."

Brad J. Buckley joins as senior vice president, commercial lending, and is responsible for the development of Cambridge Trust's loan relationships in the commercial and industrial, real estate, and not-for-profit sectors. He brings over 35 years of commercial lending experience to Cambridge Trust and holds a BS in Management/Finance from the University of Lowell and an MBA from Bentley College.

David Semenza is first vice president and team leader for not-for-profit organizations, the bank's first senior hire in this space. With a focus on cultivating relationships with nonprofit enterprises in Massachusetts, Dave brings deep sector expertise with charter schools, independent private schools, college and universities, human service providers and other nonprofit organizations. Semenza holds a BS in Economics/Finance from Bentley College and an MS in Economics and Economic Policy from Suffolk University.

For more information, visit www.cambridgetrust.com

About Cambridge Trust

Cambridge Trust is a 131-year-old Massachusetts chartered commercial bank based in Cambridge, Massachusetts with approximately $4.5 billion in assets as of September 30, 2021, and a total of 19 Massachusetts and New Hampshire locations. Cambridge Trust is one of New England's leaders in private banking and wealth management with $4.5 billion in client assets under management and administration as of September 30, 2021. The Wealth Management group maintains offices in Boston and Wellesley, Massachusetts and Manchester, and Portsmouth, New Hampshire.

For more details on Cambridge Trust visit: www.cambridgetrust.com

Contact:
Media: Danielle Remis Hackel (617) 991-5201 danielle.remis@cambridgetrust.com 
Investor Relations: Michael Carotenuto (617) 520-5543

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SOURCE Cambridge Bancorp

FAQ

What recent changes were announced by Cambridge Bancorp (CATC)?

Cambridge Bancorp announced the expansion of its lending team, adding experienced professionals to enhance commercial and non-profit lending services.

Who are the new hires at Cambridge Bancorp (CATC)?

The new hires are Bradford J. Buckley as senior vice president for commercial lending and David Semenza as first vice president for nonprofit organizations.

What is the focus of Cambridge Bancorp's recent lending expansion?

The focus is on supporting growing needs for commercial and non-profit lending in Massachusetts and New Hampshire.

What is the asset size of Cambridge Bancorp (CATC) as of September 2021?

Cambridge Bancorp has approximately $4.5 billion in assets as of September 30, 2021.