Money continues to be made playing community bank consolidation, with Independent Bank Corp. (INDB -0.9%) inking a deal to purchase Mayflower Bank (MFLR +64.5%) in a cash/stock deal worth about $17.50/share. Independent estimates the deal with be about 1.5% accretive to earnings in 2014, and 2% thereafter, with an IRR of about 15%. (earlier this week) (PR)
Money continues to be made playing community bank consolidation, with Independent Bank Corp....
Recommended For You
More Trending News
About INDB Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
INDB | - | - |
Independent Bank Corp. |