Cambridge Bancorp in Cambridge, Mass., closed two branches during the third quarter.
The $4.5 billion-asset company said in a press release Tuesday that it shuttered offices in Wellesley Square, Mass., and Pease Tradeport, N.H. It also moved its Concord, N.H., wealth management office to a new location.
Cambridge recorded $787,000 of expenses tied to the moves.
The company’s net income fell slightly from a year earlier, to $13.3 million.