Cambridge Savings Bank

Women-owned businesses make up 39% of all U.S. businesses, according to the WBENC! ?????? These incredible entrepreneurs are driving innovation, creating jobs, and making a powerful impact on our communities and economy. At Cambridge Savings Bank, we’re committed to supporting women-owned businesses and celebrating their success. Learn more: https://bit.ly/3MuSFFE

Happy Columbus Day! In observance of the holiday, all Cambridge Savings Bank branches will be closed today. For any banking needs, visit us online or use our mobile app: https://lnkd.in/e-jrV9Du

October 11 is #NationalComingOutDay! Today we honor the bravery and authenticity of individuals coming out and living their truth. National Coming Out Day is a powerful reminder of the importance of acceptance, support, and love for the LGBTQ+ community. Join us in recognizing this meaningful day and learn more about its significance and how you can support the LGBTQ+ community through the Human Rights Campaign: https://lnkd.in/gq4qxurv

The Federal Reserve’s rate cuts raise important questions about the future of certificate of deposit (CD) yields. Our Chief Financial Officer, Daniel Carey, CPA, recently shared insights with Alisa Wolfson, explaining that while the upcoming election and weekly market data could impact rates—especially for longer-term CDs—there’s no need for immediate action. The market remains dynamic, and key economic indicators will play a significant role in shaping future rate trends. To learn more about the state of the CD market, read the full article in MarketWatch. https://lnkd.in/edJ97qT3

A heartfelt thank you to Richard Moore, founder of Children in Crossfire, for joining us at our Waltham Operations Center for an inspiring Fireside Chat yesterday evening! We were honored to hear your story and learn more about the incredible work you’re doing to support children impacted by poverty, injustice, and inequality worldwide. ?? This event, held in celebration of National Blind Awareness Month, reminded us of the power of resilience, empathy, and the impact we can all make. Thank you for inspiring our team!

While demand in the commercial and industrial (C&I) lending market has been relatively slow, the recent interest rate cuts could stimulate renewed activity. Our Chief Commercial Banking Officer, Ian Brandon, spoke with Samuel Minton about how C&I lending continues to offer significant opportunities for deeper client engagement and long-term partnerships. As rates decrease, businesses may seek more strategic financing, positioning C&I as a crucial growth area for both lenders and borrowers. Read the full article in Banker & Tradesman for more. https://bit.ly/4gSV9MT

At CSB, we are dedicated to delivering personalized solutions for every customer we serve. It's always fulfilling to support the businesses we know and value, helping them unlock liquidity and reach their full potential for success. A recent example of our commitment is the work of Yvonne Kizner and our Asset-Based Lending team with Valiant Energy Solutions. Recognizing their strong dedication to customers and their clear potential for growth in the energy solutions sector, we tailored a lending package that meets their immediate needs while providing a foundation for future expansion. Read the full press release to learn more about this relationship. https://bit.ly/4eW4lhG

Cambridge Savings Bank is celebrating Digital Inclusion Week! Hosted by the National Digital Inclusion Alliance (NDIA), Digital Inclusion Week (Oct 7-11) shines a spotlight on digital equity. It’s all about ensuring everyone has access to affordable internet, devices, and digital skills—no matter their ability, age, race, gender, or location. Let’s work together to close the digital divide! Learn more about how you can get involved: https://bit.ly/3zq3AhT

At Cambridge Savings Bank, we celebrate the start of LGBTQ+ History Month! ?? This important month is dedicated to honoring the history, achievements, and contributions of the LGBTQ+ community. Since its founding in 1994, LGBTQ+ History Month has provided an opportunity for reflection, education, and celebration of the individuals who have paved the way for equality and acceptance. To learn more about LGBTQ+ history and explore featured stories this month, visit https://lnkd.in/ekkxqQf #LGBTQHistoryMonth #InclusionMatters

As part of our broader initiative to strengthen and elevate our leadership team, we’re excited to announce the promotions of key members within our Corporate Banking division. After a decade of dedicated service at Cambridge Savings Bank, Rob Kershaw has been appointed Senior Vice President and Head of Corporate Banking. In his new role, Rob will continue to drive our mission forward by fostering community partnerships and supporting the evolving needs of our valued customers. With over 25 years of banking experience, Brendan Kennedy has been promoted to Corporate Banking Team Leader. Brendan will lead efforts to expand our diverse portfolio across New England and spearhead innovative business development strategies. Backed by a strong track record for success, Brian Annese has also been promoted to Corporate Banking Team Leader. In this capacity, Brian will continue to drive strategic growth by fostering long-term client relationships and delivering customized solutions. Congratulations to Rob, Brendan, and Brian on these well-deserved promotions! Their collective influence will undoubtedly leave a lasting impact on our customers, teams, and the broader community. https://lnkd.in/et46R6N