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 | 1,787 |
| Revenue | 722M USD (2023) |
Independent Bank operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. 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 | - |
