User:Pames/Sandbox: Difference between revisions
| Line 19: | Line 19: | ||
2000 acquisition of Sovereign branches<ref>http://www.fdic.gov/bank/individual/merger/2000/rmergers3.html</ref> |
2000 acquisition of Sovereign branches<ref>http://www.fdic.gov/bank/individual/merger/2000/rmergers3.html</ref> |
||
2004 Falmouth Cooperative Bank |
2004 acquisition of Falmouth Cooperative Bank <ref>http://www.fdic.gov/bank/individual/merger/2004/rmergers4.html</ref> |
||
2008 Slades Ferry |
2008 acquisition of Slades Ferry Bank<ref>http://www4.fdic.gov/IDASP/confirmation_outside.asp?inCert1=18085</ref> |
||
------------ |
------------ |
||
Revision as of 12:12, 5 August 2008
Rockland Trust Company
Rockland Trust Company[1] is a commercial bank based in Rockland, Massachusetts that serves Southeastern Massachusetts and Cape Cod. Established in 1907[2] as Rockland Trust Company, it is one of few local banks that retain their original name and independent ownership after more than 100 years. (Rockland Trust Company is the wholly-owned subsidiary of Independent Bank Corp.,[3] which is publicly traded on NASDAQ (INDB).) Rockland Trust is the largest publicly traded commercial bank headquartered in Massachusetts, with $3.2 billion in assets and over 900 employees, and a network of more than 60 retail branches.
On December 8, 1917, the bank opened a new Colonial Georgian building at 288 Union Street, Rockland, and the bank’s corporate headquarters were housed there until 2008 (when they moved to Hanover, Massachusetts). A busy branch and offices still enjoy their location in the historic building.
Historic highlights
Rockland Trust's 1927 petition to open a branch in Hull, Massachusetts sparked a state-level debate on whether to allow "kangaroo banking" (banks opening branches in non-adjacent towns). The proposal was opposed by Alvin T. Fuller, then Governor of Massachusetts, and Hingham Trust, a bank based closer to Hull. The petition was finally granted by the Massachusetts legislature. [4]
In 1910, Rockland Trust began offering "Automobile Banking" — an innovative program that offered banking services to nearby towns (including Hull) from the window of a special adapted car. The program was so well received that it continued through 1955.
Recent acquisitions
1992 acquisition of Middleboro Trust[5]
2000 acquisition of Sovereign branches[6]
2004 acquisition of Falmouth Cooperative Bank [7]
2008 acquisition of Slades Ferry Bank[8]
- ^ http://www.RocklandTrust.com
- ^ http://www4.fdic.gov/IDASP/main_bankfind.asp (search Rockland Trust Company)
- ^ http://www.rocklandtrust.com/About/InvestorRelations.aspx
- ^ http://www.rocklandtrust.com/About/B&TArticle.pdf
- ^ http://www4.fdic.gov/IDASP/main_bankfind.asp (search Rockland Trust Company, then check “history” page)
- ^ http://www.fdic.gov/bank/individual/merger/2000/rmergers3.html
- ^ http://www.fdic.gov/bank/individual/merger/2004/rmergers4.html
- ^ http://www4.fdic.gov/IDASP/confirmation_outside.asp?inCert1=18085
Sources and External Links
http://www4.fdic.gov/IDASP/main_bankfind.asp (search Rockland Trust Company): includes documentation on date of founding, bank market share, and other current and historical data.
Yahoo bank profile: http://finance.yahoo.com/q/pr?s=INDB
Letter of Establishment: from Commonwealth of Massachusetts, Board of Bank Incorporation, dated April 27, 1910, establishing the bank. (On file at Rockland Trust Company – electronic copy available.)
http://www.wickedlocal.com/rockland/archive/x1941732519
Official site: http://www.RocklandTrust.com
Categories
Financial services company Bank Companies based in Massachusetts