Understanding Rockland Trust's Acquisition Approach

Rockland Trust has a strategic approach to acquisitions, focusing on community banks that share its values and customer-centric philosophy.

The bank's leadership team carefully evaluates potential targets, considering factors such as cultural alignment, product offerings, and geographic footprint.

By acquiring community banks, Rockland Trust expands its presence in local markets while retaining the unique characteristics that make each bank special.

This approach has allowed Rockland Trust to build a strong network of branches and ATMs, providing customers with convenient access to banking services.

Rockland Trust has made several notable acquisitions over the years.

One of its earliest acquisitions was the Middleboro Trust Company in 1992.

In 2000, Rockland Trust acquired four Sovereign Bank branches.

Falmouth Cooperative Bank was acquired in 2004.

Rockland Trust then acquired Slades Ferry Trust Company in 2008.

The following year, it acquired Benjamin Franklin Bank.

Central Bank was acquired in 2012.

In 2013, Rockland Trust acquired Mayflower Bank.

People's Federal Savings Bank was acquired in 2015.

New England Bancorp, Inc., the parent of Bank of Cape Cod, was acquired in 2016.

Island Bancorp, Inc., the parent of Edgartown National Bank, was acquired in 2017.

Milford National Bank and Trust Company was acquired in 2018.

Blue Hills Bank was acquired in 2019.

East Boston Savings Bank was acquired in 2021.

Here's a list of Rockland Trust's notable acquisitions:

Rockland Trust has been making waves in the banking industry with its strategic acquisitions. In 2019, it acquired Blue Hills Bank, expanding its reach.

The bank has also been involved in some notable mergers. For example, it acquired Enterprise Bancorp in a $562 million cash-and-stock deal, combining to form a $24.1 billion asset bank.

Here are some of the key acquisitions made by Rockland Trust:

Rockland Trust's acquisitions have been a key part of its growth strategy. By expanding its reach and capabilities, the bank has been able to better serve its customers and stay competitive in the industry.