CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Bancorp (OTCQB: CATC), the parent of Cambridge Trust Company, announced today that it has filed an application to list its common stock on the NASDAQ Capital Market.
“Today, we have applied to be listed on the NASDAQ Capital Market,” noted Denis K. Sheahan, President and CEO. “For many years, we have been publicly quoted on the Over the Counter (OTC) market. In filing to join the NASDAQ exchange, we aim to give the Company greater access to the capital markets, improved visibility among investors and increased liquidity for our shareholders. We believe that having our shares trade on a national exchange will, over time, help with these efforts.”
In connection with the NASDAQ application, the Company has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (the “SEC”) to register its common stock, par value $1.00 per share, under the Securities Exchange Act of 1934, as amended (the “1934 Act”). The Form 10 filing provides information on the strategy and historical financial data of the Company and Cambridge Trust Company and will be updated with additional information in subsequent amendments in conjunction with the regular SEC review process. Upon the effectiveness of the Registration Statement on Form 10, the Company will be subject to the reporting requirements of the 1934 Act and, as a result, will file periodic reports and other information with the SEC.
About Cambridge Bancorp
Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts, in the heart of Harvard Square and has assets of $1.9 billion. Cambridge Trust Company is a 127-year-old Massachusetts chartered commercial bank with 11 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington and Weston. Cambridge Trust Company is one of New England’s leaders in wealth management with $2.8 billion in client assets under management. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester, and Portsmouth, New Hampshire.