Cambridge Bancorp completed the acquisition of Northmark Bank for $63m.

Cambridge Bancorp, a bank holding company, completed the acquisition of Northmark Bank, a Massachusetts-based bank, for $63m. "We are pleased to announce the strategic combination of Cambridge Trust and Northmark Bank. Since Northmark's founding in 1987, the management team and board have created a franchise that provides exceptional service to its clients in locations where Cambridge currently does not have banking offices. These locations are a logical extension of our market. Northmark's dedication to providing individuals and businesses with customized attention and tailored financial solutions will greatly complement our broad range of products and services, including private banking and wealth management. We look forward to welcoming the talented Northmark team to Cambridge Trust," Denis Sheahan, Cambridge Trust Chairman, President and CEO.