Where each relationship has mattered since 1907. From one office in Rockland to over 80 branches across Massachusetts, we have more than 100 years of rich history.
1907Early in 1907 a local group of businessmen presented a prospectus to the town of Rockland and the surrounding communities to take over the business of the First National Bank of Rockland whose assets totaled more than $200,000.00. This transaction created the Rockland Trust Company, a company whose goal was to “promote the business activity and growth of Rockland and its vicinity".
From a single branch in 1907, Rockland Trust gradually increased its presence on the south shore by building new branches and acquiring others along the way. In the late 1920s the Bank experienced opposition to adding new branches in other towns, as adding branches in towns that were not adjacent to the main branch was deemed “kangaroo banking” by then Massachusetts Governor Alvin Fuller. Through persistence and consumer petitions, Rockland Trust overcame objections and eventually expanded into towns throughout the South Shore.
In late 1985, the stockbrokers of both the Rockland and Middleborough Trust companies voted to become wholly owned subsidiaries of a new parent corporation, Independent Bank Corporation (NASDAQ: INDB). The merger of the Rockland and Middleborough Trust companies into Rockland Trust Company was completed in June, 1992.
Rockland Trust expanded its area of coverage across the bridge onto Cape Cod in 1999 with the acquisition of ten Fleet Bank branches. Five years later, in 2004, Rockland Trust purchased Falmouth Bancorp, adding four branches and expanding their Cape Cod presence from Bourne to Orleans.
In 2007 Rockland Trust acquired Compass Exchange Advisors, a company specializing in IRS code §1031 like-kind exchange services for corporate, institutional, and individual property owners.
2008, 2009, 2012
In March 2008 Rockland Trust acquired Slades Ferry Bancorp, with nine branches located on the SouthCoast. In April, 2009 Rockland Trust finalized the purchase of Benjamin Franklin Bank, adding eleven more branches northwest of Boston. Continuing its expansion in April 2012 Rockland Trust acquired Central Bank gaining nine more branches in the MetroWest region.
Rockland Trust acquired Mayflower Bank in 2013, adding 4 branches to our network and expanding our reach in Plymouth County.
Rockland Trust acquired Peoples Federal Savings Bank headquartered in Brighton, expanding its presence in Greater Boston with the addition of eight branches in Boston neighborhoods. The branches joined Rockland Trust’s investment management and commercial lending office in Boston’s Financial District, which opened in 2013.
Rockland Trust is the sole subsidiary of Independent Bank Corp. (NASDAQ: INDB) and has more than $7.2 billion in assets. With over 85 branches Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals in and around Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Rockland Trust, which was named to the Sandler O’Neill + Partners 2014 Sm-All Stars list of top performing small-cap banks and thrifts in the country, is an FDIC Member and an Equal Housing Lender.