CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced the appointments of John J. Sullivan as Senior Vice President and Director of Personal Lending and Kerri A. Mooney as Senior Vice President and Director of Private Banking Offices. Sullivan and Mooney are responsible for the strategy development, leadership and growth of their respective areas.
Sullivan and Mooney will replace Thomas A. Johnson, the Bank’s longtime Executive Vice President & Consumer Banking Director, who left the Company in June. By dividing the role, Cambridge Trust will enable these veteran bankers to better serve the increasingly complex financial needs of its rapidly growing private banking and wealth management clientele.
“Cambridge Trust has been making strategic hires in support of its expanded private banking and wealth management offering. By appointing John Sullivan to lead Personal Lending and Kerri Mooney to head Private Banking Offices, we are bringing in leaders with decades of experience who can provide superior, integrated banking and wealth management solutions for our clients,” said Mark D. Thompson, President and Director of Cambridge Trust. “John’s reputation in the mortgage industry and as a business-builder across banking services will provide important support as we seek to build new relationships and deepen existing ones, and Kerri’s experience in building successful banking teams and developing best-in-class client experiences will be essential as we continue to grow as a private bank.”
During the past two years, Cambridge Trust has been bolstering its Private Banking business not only by drawing upon its existing capabilities and personnel, but also by adding to its product and service capabilities as well as recruiting experienced bankers to meet the growing wealth management needs of high net worth individuals and their families, business owners and nonprofit organizations.
About John Sullivan
Sullivan, who has more than 30 years of banking experience, joins Cambridge Trust from Boston Private Bank & Trust Company. While at Boston Private, Sullivan was a member of the Executive Leadership Committee and held several key leadership positions, including Executive Vice President, Residential Lending, where he led a 40-person team and drove loan growth of $1.2 billion. Sullivan also served as Executive Vice President, Wealth Management and Trust. In this capacity, he led a group with $4.8 billion in assets under management, providing wealth management, trust services and private banking to individuals and institutions in New England and California.
Sullivan holds a B.A. degree in business administration from Boston College. He is active in the community, serving as a founding board member of Nokona USA Baseball, a leading youth baseball training and development program.
About Kerri Mooney
Mooney, with nearly 25 years in banking, previously was Director of Branches for HarborOne Bank, where she was responsible for service, sales, talent development, operations and risk management in its retail division.
Formerly, Mooney was First Vice President/District Manager, Greater Boston, at Rockland Trust, where she managed 14 branches in the area with $500 million in deposits. She also led Rockland Trust’s Greater Boston Expansion Project, including helping the bank attain corporate growth targets and introduce client experience enhancements. She earlier had been a member of Rockland Trust’s retail management team.
Earlier in her career, Mooney held positions with other regional institutions including Northern Bank and Trust, Slades Ferry Bank and Cambridgeport Bank.
Mooney holds a B.A. degree in political science from Boston College. She is active in civic and philanthropic circles, serving as co-organizer and co-host of Burlington Dancing with the Stars (an American Cancer Society benefit), and also serving with Cambridge Housing Assistance and the Girl Scouts of Eastern Massachusetts.
About Cambridge Bancorp
Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 128-year-old Massachusetts chartered commercial bank with approximately $2.0 billion in assets and 10 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington, and Weston. Cambridge Trust Company is one of New England’s leaders in private banking and wealth management with $3.1 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.