Cambridge Bancorp

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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.