ROCKLAND, Mass.--(BUSINESS WIRE)--

Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced that the trustees of its subsidiary business trusts, Independent Capital Trust III and IV, have declared quarterly distributions on their trust preferred securities as follows:

                                    Dividend
                                   Amount per
                                    Preferred               Payable
       Security Description         Security   Record Date     Date

8.625% Cumulative Trust Preferred
Securities of Independent Capital
Trust III (NASDAQ: INDBN)          $0.5390625  12/28/2006  12/29/2006

8.375% Cumulative Trust Preferred
Securities of Independent Capital
Trust IV (NASDAQ: INDBM)           $0.5234375  12/28/2006  12/29/2006

Independent Bank Corp.'s sole bank subsidiary, Rockland Trust Company, currently has $2.9 billion in assets. Rockland Trust Company is a full-service community bank serving southeastern Massachusetts and Cape Cod. To find out more about the products and services available at Rockland Trust Company, please visit our website at www.RocklandTrust.com.

Source: Independent Bank Corp.

Contact: Independent Bank Corp. Christopher Oddleifson, 781-982-6660 President and Chief Executive Officer or Denis K. Sheahan, 781-982-6341 Chief Financial Officer and Treasurer