Cambridge Bancorp in Massachusetts will soon have a new president and chief executive.
The $1.6 billion-asset company said in a press release Monday that Denis Sheahan will also become its chairman on April 1. He will succeed the retiring Joseph Roller 2nd, who has led Cambridge for 13 years.
Sheahan is the chief operating officer at Independent Bank in Rockland, Mass.
"This management transition comes at a time of strength as Cambridge continues on a path of solid growth," Linda Whitlock, who chaired Cambridge's search committee, said in the press release.
Cambridge has 12 branches in Massachusetts.