Cambridge Bancorp completed the merger with Eastern Bankshares in a $528m deal.

Cambridge Bancorp, the parent company of Cambridge Trust Company, completed the merger with Eastern Bankshares, the stock holding company for Eastern Bank, in a $528m deal. "I've long admired the success of Cambridge Trust under Denis's leadership, and I'm excited to welcome Denis and the Cambridge team to Eastern. As we set our sights on the future, the enhanced capabilities and financial strength created by this merger will allow us to further position Eastern as the region's local financial partner of choice, delivering enhanced value for our customers and shareholders, greater support for our communities, and increased opportunities for our colleagues," Bob Rivers, Eastern Bankshares Chief Executive Officer.