CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Trust Company (OTCQB: CATC) announced the upcoming retirements of Albert R. Rietheimer, Executive Vice President, Chief Financial Officer, and Treasurer and James F. Spencer, Senior Vice President and Chief Investment Officer in early 2017.
“Through their strategic leadership and dedication, Al and Jim have contributed to the successful and continued growth of the Bank. We greatly appreciate the impact they have had on Cambridge Trust and wish them well in their prospective retirements,” said President and Chief Executive Officer, Denis Sheahan. “We now look to finding successors for these executive-level positions who can continue to deliver outstanding results.”
Before joining the Bank in 2005, Mr. Rietheimer served as Chief Financial Officer and Treasurer of Bancorp Rhode Island (now part of Brookline Bancorp) for nine years. He currently serves as Vice Chairperson of the New England Automated Clearing House (NEACH) and has served as National Chairperson of the Financial Managers Society.
Mr. Spencer has been with Cambridge Trust Company since 2003. Prior to joining the Bank, he served as Chief Equity Officer for Atlantic Trust Company. He was a trustee at the Dana Hall School, an Executive in Residence at his alma mater, Babson College, and is a member of the Investment Committee of the New Hampshire Charitable Foundation.
About Cambridge Bancorp
Cambridge Bancorp and its
subsidiary, Cambridge Trust Company, are based in Cambridge,
Massachusetts, in the heart of Harvard Square. Cambridge Trust Company
is a 126-year-old Massachusetts chartered commercial bank with $1.8
billion in total assets and 11 Massachusetts locations in Cambridge,
Boston, Belmont, Concord, Lexington, and Weston. Cambridge Trust Company
is one of New England’s leaders in wealth management with $2.5 billion
in client assets under management. The Wealth Management group maintains
offices in Boston, Massachusetts, and Concord, Manchester, and
Portsmouth, New Hampshire.
