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The Firm is representing J.P. Morgan Securities LLC as financial advisor to Eastern Bankshares, Inc. (Nasdaq: EBC) in connection with its merger with Cambridge Bancorp (Nasdaq: CATC) in an all-stock transaction valued at approximately $528 million.  The merger is expected to be completed during the first quarter of 2024, subject to certain conditions, including the receipt of required regulatory approvals, and approval by Eastern and Cambridge shareholders.

Eastern Bankshares, Inc. is the stock holding company for Eastern Bank. Founded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 133-year-old Massachusetts chartered commercial bank with a total of 22 Massachusetts and New Hampshire branch locations.

The Simpson Thacher team included Chan Ho Park (M&A).