News: Financial Digest

Cambridge Trust Co. appoints Fenton as vice president, commercial lending

Cambridge Bancorp and its subsidiary, Cambridge Trust Co., announced the appointment of Martin Fenton as vice president, commercial lending. Fenton comes to Cambridge Trust with over 30 years of financial and commercial real estate experience, of which the last 13 years have been on the South Shore. Prior to joining Cambridge Trust, he was vice president, commercial real estate for South Shore Bank. Fenton began his career in the commercial real estate industry with John Hancock Mutual Life Insurance Co. in 1984. "We are very pleased that Marty has joined Cambridge Trust Company. He brings with him great experience and a commitment to achieving excellence for his clients. He will be a tremendous asset in Cambridge Trust's expansion to the South Shore market," said Marty Millane, senior vice president, chief lending officer. A resident of Duxbury, Fenton earned his B.S. from Boston College and his M.B.A. from Boston University Graduate School of Management. Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Mass., in the heart of Harvard Sq.. Cambridge Trust Company is a 124-year-old Massachusetts chartered commercial bank with $1.5 billion in total assets and 12 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington, Lincoln, and Weston, as well as an Innovation Banking Group office located in the Cambridge Innovation Center. Cambridge Trust Company is one of New England's leaders in wealth management with $2.3 billion in client assets under management. The Wealth Management group maintains offices in Boston, Massachusetts, and Concord and Portsmouth, New Hampshire.
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