Mayflower Bancorp, Inc. Shareholders Approve Pending Merger With Independent
Bank Corp.; Board Of Directors Declares Dividend
MIDDLEBORO, Mass., Sept. 20, 2013
MIDDLEBORO, Mass., Sept. 20, 2013 /PRNewswire/ --Mayflower Bancorp, Inc.
(NASDAQ Global Market: MFLR), the holding company for Mayflower Bank, today
announced today that its shareholders overwhelmingly approved Mayflower
Bancorp's pending merger with Independent Bank Corp., parent of Rockland Trust
Company, at its annual meeting of shareholders held earlier today.
Shareholders also re-elected E. Bradford Buttner, Diane A. Maddigan, Edward J.
Medeiros and David R. Smith as directors of the Company and approved the other
matters submitted for consideration at the annual meeting.
The merger is expected to close in the fourth quarter of 2013 subject to the
receipt of regulatory approval and the satisfaction of other customary closing
The Company also reported that its Board of Directors has declared a quarterly
cash dividend of $0.06 per share to be payable on October 18, 2013, to
shareholders of record as of October 4, 2013.
About Mayflower Bancorp, Inc.
Mayflower Bancorp, Inc. is the holding company for Mayflower Bank which
specializes in residential and commercial lending and traditional banking and
deposit services. The Company currently serves southeastern Massachusetts from
its main office in Middleboro and maintains additional full-service offices in
Bridgewater, Lakeville, Plymouth, Rochester, and Wareham, Massachusetts. All
of the Company's deposits are insured by the Federal Deposit Insurance
Corporation (FDIC) to applicable limits. All amounts above those limits are
insured in full by the Share Insurance Fund (SIF) of Massachusetts. For
further information on Mayflower Bancorp, Inc. please visit
Forward Looking Statements
Certain statements contained in this press release that are not statements of
historical fact constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, notwithstanding that
such statements are not specifically identified. Words such as "believes,"
"anticipates," "expects," "intends," "targeted," "continue," "remain," "will,"
"should," "may" and other similar expressions are intended to identify
forward-looking statements but are not the exclusive means of identifying such
statements. Forward-looking statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions which are
difficult to predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such forward-looking
statements. All subsequent written and oral forward-looking statements
concerning the proposed transaction or other matters and attributable to
Mayflower Bancorp or any person acting on its behalf are expressly qualified
in their entirety by the cautionary statements referenced above.
Forward-looking statements speak only as of the date on which such statements
are made. Mayflower Bancorp undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made, or to reflect the occurrence of unanticipated
SOURCE Mayflower Bancorp, Inc.
Contact: Maria Vafiades, (508) 947-4343
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