Business
Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date
ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland
About this update from Independent Bank Corp.
[{"type":"text","content":" ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)--\nIndependent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announce the following in connection with Independent’s proposed acquisition of Enterprise:\n\n\n\nAll required regulatory approvals relating to the proposed transaction have now been received.\n\n\n\n\nThe proposed transaction is expected to be completed on July 1, 2025, subject to the satisfaction of the remaining customary closing conditions.\n\n\n\n“Securing all required regulatory approvals is a significant milestone and the result of thoughtful collaboration between our two organizations,” said Jeffrey Tengel, Chief Executive Officer at Rockland Trust. “The success of this combination will come from the people behind it, our colleagues, customers, and communities. We are excited to move forward and grow as a community-oriented bank that is deeply rooted in relationships and ready to meet the evolving needs of those we serve.”\n\n\n“This integration brings together two banks with shared values and a commitment to serving others,” said Steven Larochelle, Chief Executive Officer at Enterprise Bank. “I’m incredibly proud of what our Enterprise team has built and am confident that, as part of Rockland Trust, this next chapter will bring expanded opportunities and continued support to the customers and communities we are honored to serve.”\n\n\nABOUT INDEPENDENT BANK CORP.\n\n\nIndependent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.\n\n\nABOUT ENTERPRISE BANCORP, INC.\n\n\nEnterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterpris...