About Cambridge Savings Bank
Cambridge Savings Bank is a company based in Cambridge (United States) founded in 1834.. Cambridge Savings Bank has completed 2 acquisitions, including Hayes Management and Melrose Bank. Cambridge Savings Bank offers products and services including Checking Accounts, Savings Accounts, Mortgages, and Online Banking. Cambridge Savings Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Cambridge, United States
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$70 M (USD), Debt – Conventional
Mar 17, 2022
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Hayes Management
& 1 more
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Products & Services of Cambridge Savings Bank
Cambridge Savings Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Mortgages, and Online Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and payments
Interest-bearing accounts for money growth
Loans for home purchases and refinancing
Platform for account management and transfers
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Leadership Team
28 people
Software Development Team
11 people
Product Management Team
8 people
Operations Team
7 people
Legal and Compliance
6 people
Finance and Accounting
5 people
Sales and Marketing
4 people
Human Resources and Administration
2 people
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Funding Insights of Cambridge Savings Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $70.0M
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First Round
First Round
(17 Mar 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Debt – Conventional - Cambridge Savings Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Cambridge Savings Bank
Cambridge Savings Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hayes Management and Melrose Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Films addressing social issues are produced and distributed.
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1993 | ||||
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cambridge Savings Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cambridge Savings Bank Comparisons
Competitors of Cambridge Savings Bank
Cambridge Savings Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Wealth advisory and banking services are offered to clients.
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Commercial bank
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Commercial banking services are provided to businesses and individuals.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cambridge Savings Bank
Frequently Asked Questions about Cambridge Savings Bank
When was Cambridge Savings Bank founded?
Cambridge Savings Bank was founded in 1834 and raised its 1st funding round 188 years after it was founded.
Where is Cambridge Savings Bank located?
Cambridge Savings Bank is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Cambridge Savings Bank?
Wayne Patenaude is the current CEO of Cambridge Savings Bank.
What does Cambridge Savings Bank do?
Cambridge Savings Bank was established in 1834 and operates as a commercial bank headquartered in Cambridge, Massachusetts. Retail and business banking services, including deposits, loans, and wealth management, are provided to customers in the region. Leadership is held by CEO and President Wayne Patenaude, with CIO Kevin McGuire overseeing technology operations. The bank focuses on community-based financial solutions within the northeastern United States.
Who are the top competitors of Cambridge Savings Bank?
What products or services does Cambridge Savings Bank offer?
Cambridge Savings Bank offers Checking Accounts, Savings Accounts, Mortgages, and Online Banking.
How many acquisitions has Cambridge Savings Bank made?
Cambridge Savings Bank has made 2 acquisitions, including Hayes Management, and Melrose Bank.
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