Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Business Wire
BOSTON--(BUSINESS WIRE)--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.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240528257900/en/“We are thrilled to receive the required regulatory approvals for our merger with Cambridge Trust, and we look forward to completing the integration of our two companies,” said Bob Rivers, Chief Executive Officer and Chair of the Boards of Eastern and Eastern Bank. “This merger will create a $26 billion organization that is positioned as Greater Boston’s leading local bank and the large
Show less
Read more
Impact Snapshot
Event Time:
EBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EBC alerts
High impacting Eastern Bankshares, Inc. news events
Weekly update
A roundup of the hottest topics
EBC
News
- Eastern Bankshares: All Eyes On Merger With Cambridge Bancorp [Seeking Alpha]Seeking Alpha
- Eastern Bankshares (NASDAQ:EBC) Could Be A Buy For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Eastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned Company [Yahoo! Finance]Yahoo! Finance
- Eastern Bank Provides Financing for Capstan Atlantic’s Conversion to an Employee-Owned CompanyBusiness Wire
- Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
EBC
Earnings
- 4/25/24 - Beat
EBC
Sec Filings
- 6/24/24 - Form 11-K
- 5/28/24 - Form 8-K
- 5/17/24 - Form 4
- EBC's page on the SEC website