Cambridge Bancorp and Cambridge Trust Company, announced that R. Gregg Stone has joined its Board of Directors. Mr. Stone presently serves as the sole manager of the general partner of two venture funds, Kestrel Venture Partners and Mass Venture Equity Partners. Past directorships have included IntraServer, merged into LSI Logic, Progressive Technologies, merged into Brooks Automation, and NovaCare, from inception through NYSE listing. Before founding Kestrel in 1996, Stone worked at Pell, Rudman & Co. Inc. and served as the general partner of its two venture funds. Stone joined Pell, Rudman after practicing law at the firm of Hemenway & Barnes in Boston.

Cambridge Bancorp and Cambridge Trust Company announced that R. Gregg Stone has joined its Board of Directors. Mr. Stone presently serves as the sole manager of the general partner of two venture funds, Kestrel Venture Partners and Mass Venture Equity Partners. Mr. Stone is also an active angel investor and manages two capital pools for his family. Private investments have included companies in the healthcare, software, retail and manufacturing industries as well as oil and gas exploration and development. He currently serves as a director of four private companies and as a chairman of another.

Cambridge Bancorp reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $3,161,000 or $0.84 per diluted share on net interest income of $9,963,000 against net income of $2,531,000 or $0.68 per diluted share on net interest income of $8,944,000 in the same period of last year. Income before taxes was $4,594,000 against $3,814,000 in the same period of last year. Interest income was $11,604,000 against $11,450,000 in the same period of last year. Return on average assets, after taxes were 1.28% against 1.13% in the same period of last year. Return on average equity, after taxes were 16.07% against 14.44% in the same period of last year. For the nine months ended September 30, 2009, the company reported net income of $7,646,000 or $2.04 per diluted share on net interest income of $28,457,000 against net income of $7,373,000 or $1.96 per diluted share on net interest income of $25,378,000 in the same period of last year. Income before taxes was $10,840,000 against $10,747,000 in the same period of last year. Interest income was $34,076,000 against $33,456,000 in the same period of last year. Return on average assets, after taxes were 1.07% against 1.13% in the same period of last year. Return on average equity, after taxes were 13.21% against 13.83% in the same period of last year. Book value per share as at September 30, 2009 was $21.87 against $19.17 as at September 30, 2008.