Northmark Bank Risk Report

🛡️ financial & liquidity

Northmark Bank has been involved in significant financial maneuvers recently, including mergers and acquisitions. These moves may impact the bank's financial stability and future liquidity. A merger with Cambridge Bancorp was completed, indicating strategic financial planning and potential growth opportunities.

• On 🗓 October 3, 2022, Cambridge Bancorp announced the completion of a merger with Northmark Bank.
• On 🗓 June 1, 2022, Cambridge Trust parent company confirmed the acquisition of North Andover Bank, valued at $63 million.
• On 🗓 May 25, 2022, the merger deal worth $63 million with Northmark boosted Cambridge stock, signifying active financial structuring.