About Rockland Trust

Rockland Trust Company is a full-service community bank headquartered in Massachusetts, with approximately $4.7 billion in assets. The sole bank subsidiary of Independent Bank Corp. (NASDAQ: INDB), Rockland Trust provides a wide range of consumer, business, investment, and insurance products and services to communities in Eastern Massachusetts.  Our network consists of 70 retail branches, 10 commercial lending centers, four mortgage banking centers, and three investment management offices located in Massachusetts, plus one investment management office in Rhode Island.

Supporting Regional Growth

Rockland Trust's primary business lines are commercial and business banking, retail banking, consumer lending, and investment management. In particular, we employ a strategy focused on commercial loan growth and building strong business relationships.  As a result of this focus, commercial lending originations grew to $511 million in 2009, a 27 percent increase from 2008.

Helping People Reach Their Financial Goals

Rockland Trust's wealth management division provides world-class investment management with the highest level of client service. At the end of 2009, Rockland Trust had $1.3 billion in assets under management, up 13.8% from 2008.

Mortgage lending and home equity lending are also strong areas for Rockland Trust. In addition to traditional mortgages, we offer reverse mortgages, a financial tool that enables many senior citizens to remain in their homes.  Our wholly owned subsidiary, Compass Exchange Advisors, offers qualified intermediary, §1031 like-kind exchange services to corporate, institutional, and individual property owners. 

History

Rockland Trust was founded in 1907 with the goal of "promoting the business activity and growth of Rockland and its vicinity."  By building new branches and acquiring others over the past 100 years, we have grown from a single branch in Rockland to a financial institution with more than 155,000 customers.   Today Rockland Trust is one of the largest employers in Eastern Massachusetts.  In 2009, the Bank ranked #13 on the Boston Globe's 100 Best Places to Work list and was the top-rated bank on the list.  Rockland Trust maintains the largest deposit market share in Plymouth County.

Recent expansions have included in the acquisition of Falmouth Cooperative Bank in 2004, the acquisition of Slades Ferry Trust Company in 2008 and the acquisition of Benjamin Franklin Bank in 2009. This latest expansion brought Rockland Trust to Boston's Metrowest and added $1 billion to the Bank's assets.

Community Service

A hallmark of Rockland Trust is its commitment to community service and philanthropy.  All employees receive two paid days off annually to volunteer in the community.  An employee-based volunteer group, RockCorp (Rockland Trust Community OutReach Program) provides volunteer assistance to non-profit organizations within the Rockland Trust footprint.  The Bank's financial contributions to the community are focused on organizations dedicated to education, health and human services, youth programs and community development.  A college scholarship program awards $40,000 annually and a variety of community outreach initiatives round out Rockland Trust's extensive community involvement.