Company Background

Rockland Trust Company is a full-service community bank serving southeastern Massachusetts, Cape Cod and the SouthCoast. The company provides a wide range of consumer and business products and services through its network of 61 retail branches, ten commercial lending centers, five mortgage banking centers and four Investment Management Group offices. With $3.3 billion in assets and 944 employees, Rockland Trust is the largest publicly traded commercial bank headquartered in Massachusetts. Rockland Trust Company is the wholly owned subsidiary of Independent Bank Corp., (NASDAQ: INDB). The company is independently owned and has maintained a longstanding tradition of community service.

History

Rockland Trust Company was founded in 1907 with the goal of “promoting the business activity and growth of Rockland and its vicinity.” By building new branches and acquiring others over the past 100 years, the bank has grown from a single branch in Rockland to a financial institution with more than 135,000 customers. Today Rockland Trust is one of the largest employers in southeastern Massachusetts, and one of the largest companies headquartered on the south shore.

Rockland Trust offers a diverse set of financial products and services for personal and business customers, such as online banking and cash management products. Their wealth management division provides world-class investment management with the highest level of client service. In addition to traditional mortgages, they offer reverse mortgages, a financial tool that enables many senior citizens to remain in their homes. Their wholly owned subsidiary, Compass Exchange Advisors, offers qualified intermediary, like-kind exchange services pursuant to Internal Revenue Code §1031 to corporate, institutional, and individual property owners. Rockland Trust is also a participant in the Federal New Markets Tax Credit loan initiative, which enables the bank to grant loans to businesses at more favorable rates and terms in designated low-income communities.