June 24, 2017 3:58 PM ET


Company Overview of Rockland Trust Company

Company Overview

Rockland Trust Company operates as a commercial bank that provides banking, investment, and insurance services to businesses and individuals. It offers checking, savings, money market, certificates of deposit, and individual retirement accounts; home equity and home equity lines of credit, small business, and commercial loans; credit and debit cards; and mortgages. The company also provides services in the areas of electronic banking (mobile and online banking, mobile Web, and text and telephone banking services), refinancing, international banking and foreign currency exchange, merchant service, payroll service, business retirement plan, reorder check, workplace banking, account verificatio...

288 Union Street

Rockland, MA 02370

United States

Founded in 1907





Key Executives for Rockland Trust Company

CEO, Director, CEO of Independent Bank Corp and President of Independent Bank Corp
Age: 57
President, Chief Commercial Banking Officer, Director and Director of Independent Bank Corp
Age: 58
Chief Financial Officer and Treasurer
Age: 45
Vice President of Operations
Chief Investment Officer and Managing Director
Compensation as of Fiscal Year 2016.

Rockland Trust Company Key Developments

Independent Bank Corp and Rockland Trust Company Announces Retirement of Maurice H. Sullivan, Jr. from the Board of Directors

The Governance Principles of Independent Bank Corp. (the Company) provide that Directors will be ineligible to serve on the Board once they attain the age of 72 and that Directors who reach that age during their elected term shall retire from the Board upon reaching the age of 72. Effective as of June 21, 2017 the Board of Directors of the Company and Rockland Trust Company, the company's wholly-owned commercial bank subsidiary, accepted the retirement of Maurice H. Sullivan, Jr. from the Board of Directors of both the Company and Rockland Trust in accordance with the Company's Governance Principles because he had reached the age of 72. In connection with Mr. Sullivan's retirement, the size of the Board of Directors of both the Company and of Rockland Trust will decrease from sixteen to fifteen and the number of Class III Directors on the Company's Board of Directors will decrease from five to four.

Rockland Trust Mulls Acquisitions

Rockland Trust Company is seeking acquisitions. Rockland Trust is ready to consider other deals, including potentially for a bank with as much as $3 billion to $4 billion in assets, Chris Oddleifson, Chief Executive Officer of Rockland Trust Company, said in a recent earnings call. Chris Oddleifson, said, “Conceptually, yes, I think that we would be delighted to engage in a conversation like that. I think we have the platform, the capability and the capacity to do it very well.”

Independent Bank Corp. and Rockland Trust Company Appoints Michael P. Hogan to Board of Directors

Independent Bank Corp. announced the appointment of Michael P. Hogan to its Board of Directors. Rockland Trust also simultaneously appointed Mr. Hogan to its Board of Directors. Mr. Hogan is the President and Chief Executive Officer of the A.D. Makepeace Company. Mr. Hogan, who is also a member of the A.D. Makepeace Company board of directors, is responsible for growing the company’s Cranberry Division and serves on the Ocean Spray board of directors. Mr. Hogan also directs all aspects of the company’s real estate development, land stewardship, and other business lines. Prior to joining A.D. Makepeace Company Mr. Hogan was President of Mass Development. While at Mass Development, Mr. Hogan served as a cabinet officer for two governors. He currently serves as co-chair of the Commonwealth Housing Task Force, a diverse group of business, civic, and community leaders which, under the auspices of the Boston Foundation, is dedicated to promoting a consensus housing agenda focused on solving Massachusetts pressing housing needs. Mr. Hogan recently served as chairman of the board of directors of the Massachusetts Business Roundtable. Mr. Hogan also serves on the Executive Board of the Associated Industries of Massachusetts and on the board of directors of the Commercial Real Estate Development Organization known as NAIOP. Mr. Hogan also previously served as mayor in the city of Marlborough, Massachusetts for four years, and is a past president of the Massachusetts Municipal Association.

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Recent Private Companies Transactions

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