A Mutual Bay State Bank Heads North

At Cambridge Savings, we focus on staying adaptable in any rate environment. Over the past two years, we have placed particular emphasis on strengthening our capital position and managing concentration risk. That disciplined approach has positioned us to navigate today’s interest-rate environment effectively while continuing to offer competitive loan and deposit products to our customers.

In 2025, Cambridge Savings ranked in the top 10% of New England banks for capital growth, which is a strong indicator of balance-sheet health.

A strong balance sheet matters for several reasons. It helps protect the bank against potential losses in the loan portfolio, while also creating the capacity to reinvest in technology and continue enhancing the customer experience.

When we refer to a “fortress balance sheet,” we mean having strength from multiple angles, including capital, high-quality loans, deposits, resilience, and the ability to keep investing for the future.

The Greater Boston market is one of the most competitive and thriving banking markets in the country, with a high concentration of both consumer and business banking opportunities. Residents and businesses in this region are proud of their communities, and Cambridge Savings Bank has earned their trust, both through our banking services, and our commitment to giving back 6% of our annual earnings to benefit our local communities. We take pride in positioning Cambridge Savings as the best choice for both current and prospective customers.

The high level of competition requires constant focus on improvement and strong execution to remain top of mind in the communities we serve.

Our 190-plus year history reflects that commitment. We continue to invest in Cambridge Savings with a long-term perspective so we can remain as strong for generations to come.

Because the transaction has not yet legally closed, we are speaking in general terms. That said, we believe Cambridge Savings can be highly successful in New Hampshire by establishing itself as one of the leading community banks in that market.

Our consumer, small business, and commercial capabilities and expertise have differentiated us in Massachusetts, and we believe those strengths will translate well in New Hampshire. Given the state’s economic growth, particularly among consumers, small businesses and in real estate development, we see a meaningful opportunity to achieve growth through the high level of service we provide and the strength of our balance sheet.

Heavy competition, especially for deposit growth, is a key challenge. Our customer satisfaction and retention continue to be strengths of Cambridge Savings Bank; growing new deposit customers is a key focus opportunity area. The banking industry also faces continued challenges associated with technology, from direct digital banks now capturing the majority of new retail deposit customers to operational loss risk from AI capabilities in hands of fraudsters, to emerging threats to bank deposits from potential growth in Stablecoin adoption. The landscape continues to change rapidly, and Cambridge Savings Bank is well-positioned to evolve while remaining true to our customer service excellence and community roots.

We are always focused on what is best for our customers, and FHLBank Boston has been a valued partner since we became a member.

When these programs are available, we take the time to understand them fully and make them accessible to eligible customers. That allows us to support more individuals and families in achieving the goal of homeownership.

We use FHLBank Boston for a range of services, including the MPF Program, borrowings, collateral support, lines of credit, Jobs for New England, and other programs. Together, these tools help us offer competitive products to our customers and support lending in the communities we serve.