Who owns East Boston Savings?

Who owns East Boston Savings?

Rockland Trust
East Boston Savings Bank

Who did East Boston Savings Bank merge with?

Meridian Bancorp, Inc.
Independent Bank Corp., parent of Rockland Trust Company, has closed its acquisition of Meridian Bancorp, Inc., parent of East Boston Savings Bank (EBSB) with thousands of EBSB customers officially becoming Rockland Trust customers Monday.

Did Rockland Trust buy East Boston Savings?

Your East Boston Savings Bank accounts transitioned to Rockland Trust on Monday, November 15, 2021. Please use the information on this page to learn more about Rockland Trust and the transition of your accounts.

Can I still use East Boston Savings Bank checks?

There is no immediate impact. You should continue to use East Boston Savings Bank branches, checks, debit cards, online banking and bill pay, and make loan payments as you do today.

Why did East Boston Savings Bank close?

Rockland Trust is planning to close some East Boston Savings Bank locations following a merger, Rockland Trust confirmed in a statement. According to a Boston Business Journal report, Rockland Trust is set to close 16 East Boston Savings branches and half of those branches are in the city of Boston.

What happened to East Boston Savings Bank?

Under the terms of the Agreement and Plan of Merger, dated as of April 22, 2021, East Boston Savings Bank will merge with and into Rockland Trust (Bank Merger) under the charter, bylaws, and name of Rockland Trust Company (Continuing Institution).

How much did Rockland Trust pay for East Boston Savings Bank?

A $1.15-billion deal announced Thursday by Rockland Trust and East Boston Savings Bank gives Rockland the Peabody-based bank’s 42 banking locations and $6.5 billion in assets.

Is East Boston Savings Bank being sold?

–(BUSINESS WIRE)–Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, Inc., parent of East Boston Savings Bank, and Rockland Trust’s acquisition of East Boston Savings Bank.

Who bought Meridian Bank?

Rockland Trust Co.
Under the terms of the deal, Independent Bank’s unit Rockland Trust Co. acquired Meridian’s unit East Boston Savings Bank. Under the terms of the merger agreement, each Meridian stockholder will receive 0.2750 of a share of Independent common stock for each share of Meridian common stock.

What happened to South Boston Savings Bank?

South Boston Savings Bank was acquired by FleetBoston Financial Group on Jun 28, 1996 .

Who acquired Rockland Trust?

Rockland Trust Surpasses $20 Billion in Assets (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, Inc., parent of East Boston Savings Bank, and Rockland Trust’s acquisition of East Boston Savings Bank.

Is Rockland Trust a public company?

A wholly owned subsidiary of Independent Bank Corp., by October 2016, Rockland Trust had $7.5 billion in assets and employed around 1,000 people. By April 2022, Rockland Trust had $20 billion in assets and employed around 1,100 people….Rockland Trust.

Is Rockland Trust a good bank?

Forbes 2020 World’s Best Banks Lists Rockland Trust as #1 Massachusetts Bank. Hanover, MA (July 6, 2020) – Rockland Trust has announced their ranking as the #1 bank in Massachusetts according to Forbes’ 2020 World’s Best Banks list (Opens in a new Window).

What states have Rockland Trust?

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 Massachusetts and Rhode Island.

Did Rockland Trust get bought out?

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe’s “Top Places to Work” 2020 list, an honor earned for the 12th consecutive year.

Is Rockland Trust only in Massachusetts?

Access us wherever you go with our mobile app. We know your time is valuable. That’s why we make it as easy as possible to take care of your financial business online and with your mobile device, whether you’re in Massachusetts, Rhode Island or anywhere else.

Who bought Rockland Trust?

Independent Bank Corp.
Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe’s “Top Places to Work” 2020 list, an honor earned for the 12th consecutive year.