Cambridge Trust

Cambridge Trust is a private bank and wealth management firm that serves as a significant financial partner within the Massachusetts life sciences ecosystem. Headquartered in Cambridge, the company operates a dedicated Life Sciences Banking group providing specialized commercial banking, venture debt, and treasury services to biotechnology and medical technology companies. It is widely recognized for supporting the financial needs of the innovation economy in the Greater Boston area, serving both corporate entities and high-net-worth individuals in the sector. In July 2024, Cambridge Trust was acquired by Eastern Bankshares, Inc. (Eastern Bank) in a merger valued at approximately $528 million. The firm continues to operate as a specialized division, maintaining its focus on the unique financial requirements of the life sciences and technology industries.