Rockland Trust Parent Company Named to the Globe 100 List of Top-Performing Public Companies for Eighth Consecutive Year
ROCKLAND, Mass. (May 23, 2013) - Independent Bank Corp., parent company of Rockland Trust, today announced The Boston Globe named it to the 2013 Globe 100 list of top performing public companies in Massachusetts for the eighth consecutive year. This year marks the 25th anniversary of the Globe 100 List, which The Boston Globe initially launched in 1989. Since then, nearly 500 Massachusetts companies have made at least one appearance on the list.
"Rockland Trust is committed to providing the best possible experience for our customers and employees, and is dedicated to serving the communities throughout our footprint," said Christopher Oddleifson, President and CEO of Independent Bank Corp. and Rockland Trust. "This philosophy has helped us expand our customer base and keep us financially successful throughout the economic recovery, and we are grateful and honored to be recognized for the eighth time as one of Massachusetts' top performing companies."
To commemorate the 25th anniversary of the Globe 100, this year's issue also includes a Hall of Fame, which ranks 25 companies and recognizes the best aggregate performances of the past quarter-century. The Globe 100 list continues to reflect the local and national economic climate. In 2010 and 2011, there were fewer than 100 companies on the list due to lower profits during the economic downturn. Last year marked the first time since 2009 that the Globe 100 list was at "full strength." Independent Bank Corp. has been a steady presence on the list since 2006.
"As it always has, the Globe 100 list reflects the dynamic nature of business not only in Massachusetts, but also the world," said Steve Syre, Boston Globe business columnist and editor of the 2013 Globe 100 Magazine. "Several companies on this year's list did not even exist when it debuted in 1989. In fact, it's quite possible those companies employ people who weren't even born in 1989."
About The Globe 100
The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending December 31, 2012. To be eligible, the company must be traded publicly for the entire 2012 calendar year on the New York Stock Exchange, the Nasdaq or the American Stock Exchange and report revenue and profit for both 2011 and 2012. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2012 revenue.
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company, a leading global, multimedia news and information company with 2012 revenues of $2.0 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, New York Times, Boston.com and related properties. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news and information.
About Rockland Trust Company
With $5.7 billion in assets, Rockland Trust is a full-service commercial bank headquartered in Massachusetts which provides a wide range of consumer, business, investment, and insurance products and services. Named a Boston Globe "Best Place to Work" for four consecutive years and one of America's "Best Banks" by Forbes for three consecutive years, Rockland Trust's network consists of nearly 80 retail branches, 10 commercial lending offices, four investment management, and three residential lending centers throughout Eastern Massachusetts and Rhode Island. To find out why Rockland Trust is the bank "Where Each Relationship Matters®", please visit www.RocklandTrust.com. Member FDIC. Equal Housing Lender.