Independent Bank (INDB) Tops Q3 EPS by 2c

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Go back to Independent Bank (INDB) Tops Q3 EPS by 2c

Independent Bank (INDB), Island Bancorp Enter Merger Agreement

October 20, 2016 4:28 PM EDT

Independent Bank (Nasdaq: INDB), parent of Rockland Trust Company, and Island Bancorp, Inc., parent of The Edgartown National Bank, have signed a definitive merger agreement for Independent to acquire Island Bancorp and Rockland Trust to acquire Edgartown National. The parties anticipate that the consummation of the transaction will occur in the second quarter of 2017.

Edgartown National was chartered in 1905 and has continuously served the people and communities of Marthas Vineyard since its inception. Edgartown National currently has four bank branches in the Marthas Vineyard communities of Edgartown, where it has two... More