Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company, today jointly announced they have received all necessary regulatory approvals to complete their proposed merger (the "Merger"), which was previously announced on September 19, 2023. The Merger is expected to close on or about July 12, 2024.
Investors need to pay close attention to Cambridge Bancorp (CATC) stock based on the movements in the options market lately.
Cambridge Bancorp ( NASDAQ:CATC ) has announced that it will pay a dividend of $0.67 per share on the 23rd of May. This...