About Cambridge Trust Company
Cambridge Trust Company is a company based in Boston (United States) founded in 1890 was acquired by Eastern Bank in January 2025.. The company has 69 employees as of December 31, 2022. Cambridge Trust Company has completed 2 acquisitions, including Optima Bank and Wellesley Bank. Cambridge Trust Company offers products and services including Wealth Management, Private Banking, Investment Management, and Trust and Estates. Cambridge Trust Company operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Boston, United States
- Employees 69 as on 31 Dec, 2022
- Stage Public
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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
*********
- Legal Name Eastern Bankshares, Inc.
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Annual Revenue
$106.24 K (USD)0as on Aug 31, 2023
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Net Profit
$34.11 M-36as on Dec 31, 2023
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EBITDA
$53.59 M-29as on Dec 31, 2023
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Latest Funding Round
- Investors
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Employee Count
69
as on Dec 31, 2022
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Investments & Acquisitions
Optima Bank
& 1 more
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Acquired by
Eastern Bank
(Jan 25, 2025)
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Products & Services of Cambridge Trust Company
Cambridge Trust Company offers a comprehensive portfolio of products and services, including Wealth Management, Private Banking, Investment Management, and Trust and Estates. 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.
Provides investment and financial planning for clients.
Offers personalized banking for high-net-worth individuals.
Manages portfolios and trusts for financial growth.
Handles estate and trust services for asset protection.
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Funding Insights of Cambridge Trust Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Cambridge Trust Company
Cambridge Trust Company has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Eastern Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cambridge Trust Company
Cambridge Trust Company has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Optima Bank and Wellesley 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.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are provided to businesses and individuals.
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2008 | ||||
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Commercial banking services are provided in Wellesley, United States.
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1911 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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 Trust Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Trust Company Comparisons
Competitors of Cambridge Trust Company
Cambridge Trust Company 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cambridge Trust Company
Frequently Asked Questions about Cambridge Trust Company
When was Cambridge Trust Company founded?
Cambridge Trust Company was founded in 1890.
Where is Cambridge Trust Company located?
Cambridge Trust Company is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Cambridge Trust Company?
Denis Sheahan is the current CEO of Cambridge Trust Company.
How many employees does Cambridge Trust Company have?
As of Dec 31, 2022, the latest employee count at Cambridge Trust Company is 69.
What is the annual revenue of Cambridge Trust Company?
Annual revenue of Cambridge Trust Company is $106.24K as on Aug 31, 2023.
What does Cambridge Trust Company do?
Cambridge Trust Company was established in 1890 as a commercial bank headquartered in Boston, United States. Traditional banking operations, including deposit accounts, lending, and wealth management, are conducted for individuals and businesses. Services extend to trust administration and investment advisory. The institution operates within the financial sector, focusing on regional clients, with leadership directed by CEO Denis Sheahan.
Who are the top competitors of Cambridge Trust Company?
What products or services does Cambridge Trust Company offer?
Cambridge Trust Company offers Wealth Management, Private Banking, Investment Management, and Trust and Estates.
How many acquisitions has Cambridge Trust Company made?
Cambridge Trust Company has made 2 acquisitions, including Optima Bank, and Wellesley Bank.
Who are Cambridge Trust Company's investors?
Cambridge Trust Company has 1 investor. Key investors include Eastern Bank.