Takeover #8 for a 240%+ gain

WEBK Bonus Bank Bought out for a huge gain. Over 240% at the clsoing deal price.


CAMBRIDGE, Mass. & WELLESLEY, Mass.--()--Cambridge Bancorp (Nasdaq: CATC) (the “Company” or “Cambridge”), the holding company for Cambridge Trust Company (“Cambridge Trust”), and Wellesley Massachusetts-based Wellesley Bancorp, Inc. (“Wellesley”), the holding company for Wellesley Bank, are pleased to jointly announce entry into a definitive agreement pursuant to which Wellesley will merge with and into Cambridge in an all-stock transaction. Under the terms of the agreement, each share of Wellesley common stock will be exchanged for 0.580 shares of Cambridge common stock. The transaction is presently valued at $45.54 per Wellesley common share, or approximately $122 million in the aggregate, based upon Cambridge Bancorp’s 10 day average closing price of $78.53 as of December 4, 2019. On a pro forma basis the transaction is expected to be approximately 4.4% accretive to Cambridge’s 2021 earnings per share and approximately 1.6% dilutive to tangible book value per share with an expected earnback period of approximately 2.2 years.

“This strategically compelling merger is expected to enhance and expand Cambridge’s Greater Boston presence with the addition of Wellesley’s six full service banking offices in Norfolk, Middlesex, and Suffolk Counties. Cambridge and Wellesley share similar service-oriented business models and each provide their clients with banking and wealth management services. The combined company will benefit from enhanced scale and an expanded client base, and be well-positioned to capitalize on future growth opportunities. Thomas Fontaine, Chairman, President and CEO of Wellesley, will join the combined company in the role of Chief Banking Officer and Director.

As of September 30, 2019 Wellesley had approximately $986 million of total assets, $833 million of gross loans, $759 million of deposits, and $363 million of wealth management assets ...

Read More
Comments

Low Returns, Great Stories and Waterfront Dining

Read More
Comments

The Keys to Long Term Outperformance and two Great Books

Read More
Comments

The Key to Long Term Outperformance and Two Great Books

Read More
Comments

Takeover #7 for 2019 is an 85% winner for us

An 81% winner when the deal closes. Add in dividends receive and its closer to 85%. The deal price is a 32% premium to todays close. Add in the recent Best Hometown bancopr in the Community Bank Stock Investor focus ...

Read More
Comments

Takeover Number 7 is an 85% winner

An 81% winner when the deal closes. Add in dividends receive and its closer to 85%. The deal price is a 32% premium to todays close. Add in the recent Best Hometown bancopr in the Community Bank Stock Investor focus ...

Read More
Comments

Another Takeover for the 2019-Best Hometown Bancorp

The stock has been on our buy list all year. Up 42% today



Gary D. Hemmer, President & CEO, First National Bank of Waterloo and its parent company, First Waterloo Bancshares, Inc., and Ron Shambaugh, President & CEO, Best Hometown ...

Read More
Comments

Community Bank Stocks-The Boring Way to Get Rich in the Stock Market

I did a 30 minute webinar for the OTC Markets folks last week.Below is the link to view the presentation"

http://bit.ly/2LPkB9D

Then venture over to https://www.marketfy.com/item/banking-on-profit/ and use the coupon code ...

Read More
Comments

Community Bank Stock Investing- The Boring Way to Get Rich in the Stock Market

I did a 30 minute webinar for the OTC Markets folks last week.Below is the link to view the presentation"

http://bit.ly/2LPkB9D

The venture over to https://www.marketfy.com/item/banking-on-profit/ and use the coupon code ...

Read More
Comments

Takeover #5- or should I say take under?

This is a 50% gain for us but the deal is below the closing price yesterday and less than tangible book value. MicaelPrice, Joseph Stilwell, Maltese Capital and Jeffrey Thorp collectively own 37% of the stock and I will be ...

Read More
Comments

Takeover #5 70% + gain

A focus bank is acquired

3Rivers Federal Credit Union and West End Bank S.B. Announce Strategic Acquisition Fort Wayne, Indiana and Richmond, Indiana –Three Rivers Federal Credit Union (“3Rivers”), and West End Indiana Bancshares, Inc. (“West End Indiana Bancshares” ...

Read More
Comments

Focus Bank Takeover

a 70%+ gain for us when it closes



3Rivers Federal Credit Union and West End Bank S.B. Announce Strategic Acquisition Fort Wayne, Indiana and Richmond, Indiana –Three Rivers Federal Credit Union (“3Rivers”), and West End Indiana Bancshares, Inc. (“West ...

Read More
Comments