INDB to Buy Enterprise Bancorp, Expand Footprint in Lucrative Markets [Yahoo! Finance]
Enterprise Bancorp Inc (EBTC)
US:NASDAQ Investor Relations:
enterprisebanking.com
Company Research
Source: Yahoo! Finance
This acquisition will deepen INDB's footprint in demographically lucrative markets including northern Massachusetts and southern New Hampshire. It will also meaningfully expand wealth assets under administration in adjacent markets. Jeffrey Tengel, president and CEO of Independent Bank Corp., stated, “We look forward to extending Rockland Trust's footprint in northern Massachusetts, as well as entering the New Hampshire market. Together, our combined institution will bring expanded convenience and additional products and services to the communities we are proud to serve.” Per the agreement, Independent Bank will pay $2 per share in cash and 0.6 shares of its common stock for each share of Enterprise. The merger agreement has been approved by the board of directors of both entities. The deal is anticipated to be completed in the second half of 2025, subject to requisite regulatory approvals and the approval of Enterprise's shareholders. Upon closure, Enterprise and its subsidiar
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EBTC
News
- Enterprise Bancorp, Inc. (NASDAQ: EBTC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- KBRA Comments on Enterprise Bancorp, Inc.'s Proposed Merger Agreement with Independent Bank Corp.Business Wire
- ENTERPRISE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enterprise Bancorp, Inc. - EBTCBusiness Wire
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Enterprise Bancorp, Inc. - EBTCPR Newswire
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Enterprise Bancorp, Inc. - EBTCPR Newswire
EBTC
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 4
- 12/12/24 - Form 8-K
- EBTC's page on the SEC website