trending Market Intelligence /marketintelligence/en/news-insights/trending/MN0izpdLFXg8_1ex1tgVIQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Optima Bank & Trust shareholders approve merger into Cambridge Trust

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Optima Bank & Trust shareholders approve merger into Cambridge Trust

Shareholders of Portsmouth, N.H.-based Optima Bank & Trust Co. approved the bank's pending merger into Massachusetts-based Cambridge Trust Co., a unit of Cambridge Bancorp.

In December 2018, Cambridge Bancorp announced that it was acquiring Optima Bank in a cash-and-stock deal valued at about $67 million.

Under the terms of the transaction, each Optima share will be converted into the right to receive $32.00 in cash or 0.3468 share of Cambridge Bancorp common stock. While Optima shareholders have the right to elect cash or stock, the consideration will be prorated so that 95% of Optima shares will be exchanged for Cambridge stock, with the remaining 5% to be exchanged for cash.

The deal is expected to close in the second quarter.