Bank sale will keep all 8 Enterprise Bank branches in NH [Yahoo! Finance]
Independent Bank Corp. (INDB)
Last independent bank corp. earnings: 4/23 04:10 pm
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independentbankgroup.gcs-web.com/investor-relations
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Source: Yahoo! Finance
Independent Bank Corp., parent of Rockland Trust Company, said it plans to acquire Enterprise Bancorp, Inc., parent of Enterprise Bank and Trust Company. The cash and stock transaction is valued at approximately $562 million and the deal is slated to close in the second half of 2025. The acquisition will give Enterprise customers access to Rockland Trust's wealth management, tax planning and estate planning services, Jeffrey Tengel, president and chief executive officer of Independent Bank Corp., said during a conference call. "The two franchises fit like pieces of a puzzle," Tengel said. The Enterprise Bank branches include two in Nashua and others in Derry, Londonderry, Windham, Hudson, Salem and Pelham. Tengel said moving into New Hampshire isn't part of a larger strategy of moving further north. "We don't have any plans to do that right now," Tengel said. But acquiring New Hampshire branches as part of the Enterprise deal "would give us some experience and exposure to
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INDB
Earnings
- 10/17/24 - Miss
INDB
Sec Filings
- 12/12/24 - Form 8-K
- 12/9/24 - Form 8-K
- 12/9/24 - Form 8-K
- INDB's page on the SEC website