It’s a business’ worst nightmare. An e-mail scam directed at one of or several unknowing finance employees wreaks havoc on a company’s bottom-line leading to thousands or potentially millions of dollars in losses.  Unfortunately, scams like and similar to this happen far too often all over the world and Cambridge is no exception. Earlier this […]

It is with some sadness and a great deal of gratitude that we mark the departure of Laury Hammel from CLF. For the ten years that CLF has existed, Laury has been its heart and soul. His energetic, visionary cheerleading, his persistent, intelligent outreach to business owners locally and nationally has kept us on track,

How much is your business worth? Whether you are planning to sell your business, grant stock options/restricted stock to employees, or transfer shares to family members for estate planning purposes, it’s important to know what drives the value of your business. We will explore valuation of privately held businesses through the lens of potential investors,

The Look of Local Fashion Show celebrated local retailers and makers in Cambridge. Businesses and makers worked individually and as teams to show off their summer collections on the runway. Vendors set up pop-up tables to give guests a chance to buy some of the amazing items on display while community volunteer models prowled the

Want to start managing your money at a local bank? Here are some of the most common types of accounts and how they work! Checking Accounts: A checking account is used to deposit your money including paychecks, cash or refund checks and to pay for short-term expenses. You can withdraw money from your checking account

Make Your Money Local! To continue our Local Banking Month series, we wanted to provide you with all the necessary steps for moving your money to your nearest local bank! Organize current accounts. Know which accounts you have, so you know which accounts you need to close. Make sure all pending transactions have time to

In honor of Local Banking Month, we wanted to introduce you all to our local member banks here at Cambridge Local First! Cambridge Savings Bank At Cambridge Savings Bank, we are inspired by the lives and businesses of our customers. Cambridge Savings Bank is a full-service financial institution with $2.6 billion in assets. As one

Here at CLF, our goal is always to support local businesses and let people know the benefits of choosing local first! With Local Banking Month beginning, we wanted to take this opportunity to let you know the top 5 reasons to choose local banks over big banks: 1. Get the Same Services at Lower Cost Most

We are so grateful to have members who renew year after year. Now we are making that process even easier by offering auto-renew. Once you sign up you will be automatically charged annually for your membership. If you like, you can also include a directory ad and make sure to get space in our annual