Rockland Trust Saw Deposits Fall by 3.8 Percent
Rockland Trust saw deposits drop by 3.8 percent during the first quarter even as the bank added new customers during the quarter.
Rockland Trust CEO: ‘Time to Pass the Baton’
On his last earnings call, Rockland Trust CEO Christopher Oddleifson delved into why he decided to retire next month, and what it means for the bank’s strategy.
Jeffrey Tengel Named Rockland Trust’s Next CEO
Rockland Trust Co.’s long-time CEO Christopher Oddleifson plans to retire next month, and People’s United Bank’s former president has been named his successor.
Rockland Trust Sees Value in Core Deposits
Rockland Trust Co. continues to bring in more noninterest-bearing deposits, and the bank’s executives see benefits from its focus on core deposits as interest rates continue to increase.
Rockland Trust Still Open to M&A Opportunities
Rockland Trust Co. remains open to mergers in the coming years, but changing economic conditions could see the bank taking a different approach to possible deals.
Rockland Trust to Evaluate Overdraft, NSF Fees
As more banks reduce or eliminate overdraft and nonsufficient funds fees, Rockland Trust Co. has taken steps to evaluate the future of these fees for their customers.
Eastern, Rockland Completed Major Mergers Friday
The two mergers involving four of largest Massachusetts-based stock banks were completed on Friday as expected, bringing an end to two long-time fixtures in Greater Boston’s banking landscape.
Rockland Gets Long-Awaited OK for Merger
Greater Boston’s banking landscape will experience a dramatic shift this Friday as two of the region’s largest bank mergers in recent years will take place that day.
Rockland Trust Expects No Delay in East Boston Savings Deal
Despite not yet receiving state regulatory approval to acquire East Boston Savings Bank, Rockland Trust Co. still expects to close the deal in the middle of next month.
Fed Approves Rockland Trust, East Boston Savings Bank Merger
Rockland Trust Co. and East Boston Savings Bank have received approval from the Federal Reserve Board for their merger.
Susan Perry O’Day Joins Rockland Trust’s Board
Susan Perry O’Day, president of Boston-based commercial real estate investment and services firm A.W. Perry, has been named to the board of directors for Rockland Trust Co. and its parent, Independent Bank Corp.
Shareholders OK Rockland Trust-East Boston Merger
Rockland Trust Co.’s acquisition of East Boston Savings Bank moved a step closer to completion yesterday as shareholders of both banks approved the deal.
Rockland Trust to Seek More M&A Opportunities
Rockland Trust Co. remains on track to complete the East Boston Savings Bank acquisition later this year, and the bank plans to continue to look for merger opportunities in the coming years.
Rockland Trust Plans to Close 18 Branches With East Boston Merger
The merger of East Boston Savings Bank and Rockland Trust will result in 18 branch closings, including nine locations in Boston, according to the public notice for the proposed merger.
Proxy: East Boston Savings Initially Rejected Rockland Trust
A stalemate over pricing in early February initially thwarted Rockland Trust’s attempt to acquire East Boston Savings Bank before talks resumed a few weeks later, according to a new SEC filing.
Rockland Trust Sees Lending Opportunities in Merger
Opportunities to expand commercial banking and wealth management products in Boston and the North Shore are key reasons behind Rockland Trust Co.’s decision to acquire East Boston Savings Bank.
Rockland Trust to Acquire East Boston Savings Bank
The parent company of Rockland Trust Co. has agreed to acquire East Boston Savings Bank in a deal valued at $1.15 billion.
Rockland Trust Sees Improvements in COVID Modifications
While Rockland Trust Co. saw earnings drop more than 26 percent in 2020 compared to 2019, the amount of its loan portfolio receiving COVID-related modifications improved in the fourth quarter.
Rockland Trust Open to M&A Opportunities, Execs Say
Despite uncertainty related to the pandemic, Rockland Trust’s CEO said the bank would consider making an acquisition, including a large one, in the current environment.
Berkshire Bank Sees Losses in First Quarter Thanks to CECL
Berkshire Bank saw the impact of CECL implementation and the coronavirus pandemic in its earnings, as the Boston-based bank suffered losses in the first quarter. Berkshire had a net loss of $19.9 million in the first quarter compared to net income of $25.8 million in the fourth quarter.
