01 Mar 2017

Independent Bank Corp. Acquisition of Island Bancorp

Morrow Sodali

Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, and Island Bancorp, Inc., parent of The Edgartown National Bank, have signed a definitive merger agreement for Independent to acquire Island Bancorp and Rockland Trust to acquire Edgartown National. The parties anticipate that the consummation of the transaction will occur in the second quarter of 2017.

Morrow Sodali is serving as the proxy solicitor for Island Bancorp.

Topics

Mergers and Acquisitions Recent Deals and Transactions USA