Welcome to Rockland Trust. We are pleased to announce that Rockland Trust and Blue Hills Bank expect to join forces on or about April 1, 2019, if anticipated regulatory approvals are received. At that time, Blue Hills Bank will become Rockland Trust. We anticipate fully completing the transition from Blue Hills Bank to Rockland Trust on or about June 7, 2019. We are excited about this combination and the opportunity to provide you with outstanding banking products and services to help meet your financial goals.Please use the information below to learn more about Rockland Trust and the transition of your accounts. As we work on integrating the two organizations, Rockland Trust will communicate any changes in your account(s) and services.
Additional Information and Where To Find It
In connection with the proposed merger, Independent Bank Corp. intends to file with the Securities and Exchange Commission (the "Commission") a Registration Statement on Form S-4 containing a joint proxy statement/prospectus. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. Investors and security holders are advised to read the joint proxy statement/prospectus when it becomes available because it will contain important information. Investors and security holders may obtain a free copy of the registration statement (when available), including the joint proxy statement/prospectus and other documents filed by Independent Bank Corp. and Blue Hills Bancorp, Inc. with the Commission at the Commission’s web site at www.sec.gov. These documents may be accessed and downloaded, free of charge, at Independent Bank Corp.’s web site at www.RocklandTrust.com under the tab “Investor Relations” and then under the heading “SEC Filings” or by directing a request to Investor Relations, Independent Bank Corp., 288 Union Street, Rockland, Massachusetts 02370, telephone 781.982.6737. You will also be able to obtain these documents free of charge at Blue Hills Bancorp, Inc.’s web site at www.bluehillsbank.com or by directing a request to Investors Relations, Blue Hills Bancorp, Inc., 500 River Ridge Drive, Suite 300, Norwood, Massachusetts 02062, 617.361.6900.
Information set forth in this press release, including financial estimates and statements as to the expected
timing, completion and effects of the proposed merger, constitute “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the
rules, regulations and releases of the Commission. Such forward-looking statements include, but are not
limited to, statements about the expected benefits of the merger, including the anticipated impact on
Independent Bank Corp.’s earnings, profitability, expenses, tangible book value, the acquisition’s expected
internal rate of return, any other future financial and operating results, Rockland Trust Company’s plans to
maintain or expand its presence in Norfolk, Suffolk and Nantucket counties and Rockland Trust
Company’s other plans, objectives, expectations and intentions. Any statements that are not statements of
historical fact, including statements containing such words as “will,” “could,” “plans,” “intends,”
“expect,” “believe,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “typically,” “anticipate,”
“estimated,” or similar expressions, should also be considered forward-looking statements, although not
all forward-looking statements contain these identifying words. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are based upon assumptions and the current beliefs
and expectations of the management of Independent Bank Corp. and Blue Hills Bancorp, Inc. These
forward-looking statements are subject to known and unknown risks and uncertainties, and actual results
may differ materially from those discussed in, or implied by, these forward-looking statements.
Among the risks and uncertainties that could cause actual results to differ from those described in the
forward-looking statements include, but are not limited to, the following: (1) the occurrence of any event,
change or other circumstances that could give rise to the termination of the merger agreement; (2) the risk
that the stockholders of either Independent Bank Corp. or Blue Hills Bancorp, Inc. may not adopt the
merger agreement; (3) the risk that the necessary regulatory approvals may not be obtained, may be
delayed, or may be obtained subject to conditions that are not anticipated; (4) delays in closing the merger
or other risks that any of the closing conditions to the merger may not be satisfied in a timely manner or at all; (5) the inability to realize expected cost savings and synergies from the merger in the amounts or in
the timeframe anticipated; (6) the diversion of management’s time from existing business operations due
to time spent related to the merger or integration efforts; (7) the inability to successfully integrate Blue
Hills Bank or that the integration will be more difficult, time-consuming, or costly than expected; (8)
unexpected material adverse changes in the operation or earnings of either Independent Bank Corp. or
Blue Hills Bancorp, Inc., the real estate markets in which they operate, the local economy, or the local
business environment; (9) potential litigation in connection with the merger; (10) higher than expected
transaction or other costs and expenses; and (11) higher than expected attrition of the customers or key
employees of Blue Hills Bancorp, Inc. There are important additional factors that could cause actual
results or events to differ materially from those indicated by such forward-looking statements, including
the factors described in Independent Bank Corp.’s and Blue Hills Bancorp, Inc.’s Annual Reports on Form
10-K for the year ended December 31, 2017, which were filed with the Commission on February 27, 2018
and on March 7, 2018, respectively.
Except as required by law, Independent Bank Corp. and Blue Hills Bancorp, Inc. disclaim any intent or
obligation to update publicly any such forward-looking statements, whether in response to new
information, future events, inaccurate assumptions or otherwise. Any public statements or disclosures by
Independent Bank Corp. or Blue Hills Bancorp, Inc. following this press release will be deemed to modify
or supersede such statements in this press release. In addition to the information set forth in this press
release, you should carefully consider the Risk Factors in the joint proxy statement/prospectus when it
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