Cambridge Bancorp

NASDAQ:CATC   3:59:11 PM EDT
84.45
+1.75 (+2.12%)
Mergers / Acquisitions

Cambridge Bancorp And Northmark Bank Sign Definitive Agreement

Published: 05/23/2022 21:59 GMT
Cambridge Bancorp (CATC) - Cambridge Bancorp and Northmark Bank Sign Definitive Agreement.
Cambridge Bancorp - Under Terms of Agreement, Each Share of Northmark Common Stock Will Be Exchanged for 0.9950 Shares of Cambridge Common Stock.
Cambridge Bancorp - Transaction is Valued at $79.54 per Share of Northmark Common Stock, Or Approximately $63 Million in Aggregate.
Cambridge Bancorp - on a Pro Forma Basis, Transaction is Projected to Be 5.8% Accretive to Cambridge's Mean Consensus Analyst 2023 Earnings per Share.
Cambridge Bancorp - Definitive Agreement Pursuant to Which Northmark Will Merge With and Into Cambridge Trust in an All-stock Transaction.