Jacob Steinberg
Long only, deep value, growth at reasonable price, carmakers

Cambridge Bancorp: Nice Dividend With Long-Term Catalysts

Cambridge Bancorp (OTCQB:CATC) is a full-service commercial bank that has been around for more than 100 years. The bank is operated under Cambridge Trust Company. It has 15 locations (12 branches in Massachusetts, 2 wealth-management offices in New Hampshire and 1 innovation center office). The map below shows the footprint of the company with the exception of the innovation center office. As you can see, the bank is highly localized, which might not attract those who are looking for a bank with a larger footprint.

(click to enlarge)

For the last 5 years, the bank's assets have been increasing consistently every year at a double-digit rate even though 2 of the last 5 years were spent in deep...

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