Rockland Trust: Difference between revisions
→External links: Fixed broken link for Historic Register (apparently due to their migration to new online program); added search term for FDIC site; and descriptive term to main website link |
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==Historic building== |
==Historic building== |
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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. The building, which was expanded in 1924, was added to the National Historic Register in 1989.<ref>http://www.nr.nps.gov/iwisapi/explorer.dll?IWS_SCHEMA=NRIS1&IWS_LOGIN=1&IWS_REPORT=100000044</ref> |
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. The building, which was expanded in 1924, was added to the National Historic Register in 1989.<ref>http://www.nr.nps.gov/iwisapi/explorer.dll?IWS_SCHEMA=NRIS1&IWS_LOGIN=1&IWS_REPORT=100000044</ref> (See also [[National_Register_of_Historic_Places_listings_in_Plymouth_County,_Massachusetts]].) |
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==Recent acquisitions== |
==Recent acquisitions== |
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Revision as of 03:19, 12 April 2010
Rockland Trust Company | |
 1917: Rockland Trust Company's "new" building, as it appeared after its opening. (Photo from the Brockton Times.) | |
| Location | Rockland, Massachusetts |
|---|---|
| Built | 1917 |
| Architect | James,Thomas E. & Co. |
| Architectural style | Colonial Revival, Other |
| NRHP reference No. | 89000218 [1] |
| Added to NRHP | April 07, 1989 |
Rockland Trust Company[2] is a commercial bank based in Rockland, Massachusetts that serves Southeastern Massachusetts and Cape Cod. Established in 1907[3] 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.,[4] which is publicly traded on NASDAQ (INDB).) Rockland Trust is the largest publicly traded commercial bank headquartered in Massachusetts, with $4.6 billion in assets and over 1000 employees, and a network of more than 72 retail branches. Corporate headquarters are in Hanover, Massachusetts.
History
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 Alvan T. Fuller, then Governor of Massachusetts, and Hingham Trust, a bank based closer to Hull. The petition was finally granted by the Massachusetts legislature.[5]
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.
In 2008, Rockland Trust merged with Slade's Ferry Bank, and the new entity retained the Rockland Trust name.
In May of 2009, Rockland Trust acquired Benjamin Franklin Bank, adding 11 new branches.
Historic building
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. The building, which was expanded in 1924, was added to the National Historic Register in 1989.[6] (See also National_Register_of_Historic_Places_listings_in_Plymouth_County,_Massachusetts.)
Recent acquisitions
- 1992 - Middleboro Trust Company[7]
- 2000 - Sovereign branches[8]
- 2004 - Falmouth Cooperative Bank [9]
- 2008 - Slades Ferry Trust Company[10]
- 2009 - Benjamin Franklin Bank[11]
Images
-
Board meeting in 1927 after winning a heated state-level vote on kangaroo banking. (Note the kangaroo!)
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The bank's Hull branch (subject of the kangaroo banking controversy), opened in 1930.
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1924: After 1st set of renovations, including a large addition in the back.
References
- ^ "National Register Information System". National Register of Historic Places. National Park Service. 2008-04-15.
- ^ 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://www.nr.nps.gov/iwisapi/explorer.dll?IWS_SCHEMA=NRIS1&IWS_LOGIN=1&IWS_REPORT=100000044
- ^ 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
- ^ http://www2.fdic.gov/idasp/confirmation_outside.asp?inCert1=90200
External links
- Rockland Trust Company - main website
- FDIC re: Rockland Trust Company FDIC website includes documentation on date of founding, bank market share, and other current and historical data. (Search on "Rockland Trust Company")
- National Register of Historic Places (National Park Service)
- Some media coverage of 100th anniversary
- 100th anniversary newsletter issue (PDF)
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