ROCKLAND, Mass. & NORWOOD, Mass.--(BUSINESS WIRE)--
Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of
Rockland Trust Company, and Blue Hills Bancorp, Inc. (NASDAQ: BHBK)
(“Blue Hills Bancorp”), parent of Blue Hills Bank, jointly reported the
following in connection with the proposed merger of Blue Hills Bancorp
with and into Independent:
-
All regulatory approvals relating to the merger have been received and
applicable regulatory waiting periods have expired as of March 26,
2019.
-
The merger’s legal closing will be effective April 1, 2019. The
transaction remains subject to the satisfaction of customary closing
conditions.
About Independent Bank Corp.
Independent Bank Corp. (NASDAQ Global Select Market: INDB) has
approximately $8.9 billion in assets and is the holding company for
Rockland Trust Company, a full-service commercial bank headquartered in
Massachusetts. Named in 2018 to The Boston Globe’s “Top Places to Work”
list for the 10th consecutive year, Rockland Trust offers a
wide range of banking, investment, and insurance services. The Bank
serves businesses and individuals through approximately 100 retail
branches, commercial and residential lending centers, and investment
management offices in eastern Massachusetts, including Greater Boston,
the South Shore, the Cape and Islands, as well as in Worcester County
and Rhode Island. Rockland Trust also offers a full suite of mobile,
online, and telephone banking services. The Company is an FDIC member
and an Equal Housing Lender. To find out why Rockland Trust is the bank
“Where Each Relationship Matters®”, please visit www.rocklandtrust.com.
About Blue Hills Bancorp
Blue Hills Bancorp, Inc., with corporate headquarters in Norwood,
Massachusetts, had assets of $2.8 billion at December 31, 2018 and
operates 11 retail branch offices in Boston, Dedham, Hyde Park, Milton,
Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts. Blue
Hills Bank is a full service, community bank with its main office in
Hyde Park, Massachusetts. Blue Hills Bank’s three branches in Nantucket,
Massachusetts operate under the name, Nantucket Bank, a division of Blue
Hills Bank. Blue Hills Bank provides consumer, commercial and municipal
deposit and loan products in eastern Massachusetts through its branch
network, loan production offices and eCommerce channels. Blue Hills Bank
offers commercial business and commercial real estate loans in addition
to cash management services and commercial deposit accounts. Blue Hills
Bank also serves consumers through a full suite of consumer banking
products, including checking accounts, mortgage loans, equity lines of
credit and traditional savings and certificate of deposit accounts. Blue
Hills Bank has invested substantially in online technology, including
online account opening and funding, online mortgage applications, online
banking, mobile banking, bill pay and mobile deposits. Blue Hills Bank
has been serving area residents for over 145 years. For more information
about Blue Hills Bank, visit www.bluehillsbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190326005684/en/
Independent Bank Corp.
Investor:
Robert
D. Cozzone, Chief Financial Officer
Independent Bank Corp.
(781)
982-6723
Robert.Cozzone@rocklandtrust.com
Media:
Ellen
Molle, Public Relations Marketing Manager
Rockland Trust Company
(781)
982-6537
Ellen.Molle@rocklandtrust.com
Blue
Hills Bancorp
Investor and Media:
William
M. Parent, President and Chief Executive Officer
Blue Hills Bancorp
and Blue Hill Bank
617-360-6520
WParent@bluehillsbank.com
Source: Independent Bank Corp. and Blue Hills Bancorp, Inc.