Independent Bank Corp. (INDB) - NASDAQ
  • Thu, Mar. 17, 4:22 PM
    • Under the terms of the deal, each share of New England Bancorp (Bank of Cape Cod's parent) will be exchanged for 0.25 of a share of Rockland Trust parent Independent Bancorp (NASDAQ:INDB).
    • The acquisition is expected to be accretive to 2017 EPS by about a nickel per share, and neutral to tangible book value.
    • Founded in 2006, Bank of Cape Cid has about four branches, $214M in deposits, and $229M in loans.
    • Based upon INDB's closing price yesterday, the deal value is $30.7M.
    • Source Press release
    | Thu, Mar. 17, 4:22 PM
  • May 15, 2013, 10:39 AM

    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)

    | May 15, 2013, 10:39 AM
Company Description
Independent Bank Corp. operates as a bank holding company for Rockland Trust Company, which provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including... More
Sector: Financial
Industry: Regional - Northeast Banks
Country: United States