Cambridge Financial Group completed its acquisition of First Seacoast Bancorp, expanding Cambridge Savings Bank into the Seacoast region of New Hampshire. Cambridge Financial Group is the mutual holding company of Cambridge Savings Bank. First Seacoast Bancorp was the holding company of First Seacoast Bank.
Following completion of the transaction, First Seacoast Bank merged into Cambridge Savings Bank, with Cambridge Savings Bank continuing as the surviving institution.
The combined organization now operates 24 full-service banking offices across eastern Massachusetts and the Seacoast region of New Hampshire.
The acquisition expands Cambridge Savings Bank’s geographic footprint while increasing the range of resources available to First Seacoast customers.
The combined bank plans to provide broader lending capabilities, enhanced treasury management services, increased branch access, and additional banking resources.
Branding and signage changes at former First Seacoast Bank locations are beginning immediately.
Cambridge Savings Bank expects to complete full systems and account integration in 2027.
Cambridge Savings Bank said both institutions share a focus on relationship banking, personalized service, local decision-making, and community investment.
As part of its expansion into New Hampshire, Cambridge Savings Bank is making more than $100,000 in charitable contributions to organizations in the Seacoast region.
Recipients include Community Action Partnership of Strafford County, Gather, Cross Roads House, and Dover Children’s Home.
KEY QUOTES:
“This marks an exciting new chapter for our organization and the communities we serve.”
“One of the reasons this partnership is such a natural fit is our shared belief that strong banks help build strong communities.”
Ryan Bailey, President and CEO of Cambridge Savings Bank
