Cambridge Bancorp Appoints Joseph P. Sapienza As Interim CFO
Portfolio Pulse from Benzinga Newsdesk
Cambridge Bancorp has appointed Joseph P. Sapienza, the Controller of its bank subsidiary, Cambridge Trust Company, as Interim CFO of the Company. Mr. Sapienza has been an employee of the Bank for 27 years and has been the Controller of the Bank since 2005.
July 18, 2023 | 11:08 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cambridge Bancorp (CATC) has appointed a new Interim CFO, Joseph P. Sapienza, who has extensive experience within the company.
The appointment of a new CFO is a significant event for a company. However, as Mr. Sapienza is a long-time employee and has been the Controller of the Bank since 2005, this change is unlikely to cause significant disruption or immediate changes in the company's strategy. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100