M&A Deal Summary |
|
|---|---|
| Date | 2018-11-16 |
| Target | The Milford National Bank and Trust |
| Sector | Financial Services |
| Buyer(s) | Independent Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 275M USD |
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| Category | Company |
|---|---|
| Founded | 1907 |
| Sector | Financial Services |
| Employees | 1,691 |
| Revenue | 728M USD (2022) |
Independent Bank is a full-service commercial bank headquartered in Massachusetts and is the sole bank subsidiary of Independent Bank Corp. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Independent Bank was founded in 1907 and is based in Rockland, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Financial Services) | 13 of 13 |
| Type (Add-on Acquisition) | 10 of 10 |
| State (Massachusetts) | 10 of 10 |
| Country (United States) | 13 of 13 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-20 |
Blue Hills Bancorp
Hyde Park, Massachusetts, United States Blue Hills Bancorp, Inc. currently operates 11 branches in Boston, Dedham, Hyde Park (two locations), Milton, Norwood, West Roxbury, Westwood, and three locations on Nantucket Island which are operated under the name Nantucket Bank, a division of Blue Hills Bank. As of June 30, 2018, Blue Hills Bancorp had $2.7 billion in total assets, $2.3 billion in loans, and $2.1 billion in deposits. |
Buy | - |
