M&A
confidence high
sentiment positive
materiality 0.70
Eastern Bankshares and Cambridge Bancorp receive all regulatory approvals for merger; close expected July 12, 2024
Eastern Bankshares, Inc.
- Regulatory approvals received; merger expected to close on or about July 12, 2024.
- Combined organization will be $26 billion, positioned as Greater Boston's leading local bank.
- Shareholders of both companies approved the merger on February 28, 2024.
- Merger will create largest bank-owned independent investment advisor in Massachusetts.