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+1.40%
Close of 9 Nov 2026, in USD
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About Independent Bank Corp (Massachusetts)
From its filings with the US Securities and Exchange Commission
Independent Bank Corp (Massachusetts) is based in Rockland, Massachusetts and is incorporated in Massachusetts. Its shares trade on Nasdaq under the ticker INDB. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $205.1m. At that date it held total assets of $24.91bn and shareholders' equity of $3.57bn.
Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland Trust” or the “Bank”), a Massachusetts trust company chartered in 1907. The Bank provides a wide range of banking, investment and financial services, operating with over 150 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, as well as in Worcester County, southern New Hampshire, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. At December 31, 2025, the Company had total assets of $24.9 billion, total deposits of $20.1 billion, and stockholders’ equity of $3.6 billion.
On July 1, 2025, the Company completed the acquisition of Enterprise Bancorp, Inc. (“Enterprise”). For each share of Enterprise common stock, Enterprise stockholders had the right to receive 0.60 shares of the Company’s common stock and $2.00 in cash, with cash paid in lieu of fractional shares. Total consideration was $503.1 million and consisted of $477.2 million of equity (7,478,906 shares) of the Company’s common stock, plus $25.9 million in cash, including cash paid for stock option cancellations and fractional shares.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 16 Sept 1974
- Employees
- 2,294
- Website
- independentbank.com ↗
- Head office
- 1 TECHNOLOGY PLACE, ROCKLAND, MA
- Incorporated in
- MA
- Classification
- State Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Donna AbelliIndependent Chairman of the Board of Rockland Trust and the Company$212,878
- Mr. Jeffrey TengelPresident, Chief Executive Officer, President and Chief Executive Officer of Rockland Trust, Director, since 2023$2.9m
- Mr. Mark RuggieroChief Financial Officer of the Company and of Rockland Trust, Executive Vice President - Consumer Lending of Rockland Trust$1.5m
- Mr. Lee PowlusExecutive Vice President, Chief Technology and Operations Officer of Rockland Trust$853,646
- Ms. Patricia NataleExecutive Vice President, General Counsel, Company Secretary of the Company and of Rockland Trust$826,571
- Ms. Maria HarrisExecutive Vice President, Chief Human Resources Officer of Rockland Trust$786,263
- Ms. Kathryn O'MalleyExecutive Vice President, Chief Credit Officer of Rockland Trust
- Mr. James RizzoExecutive Vice President, Chief Commercial Banking Officer of Rockland Trust$743,448
- Mr. Gerard NadeauDirector, since 2007$1.5m
- Mr. Kenneth AnsinIndependent Director
- Mr. Michael HoganIndependent Director$158,628
- Ms. Mary LentzIndependent Director$143,403
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 54
- Environment
- 19
- Social
- 78
- Governance
- 67
- Women in the workforce
- 63%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Independent Bank Corp (Massachusetts) has several key strengths that contribute to its success:
Weaknesses
- Despite its overall strengths, Independent Bank Corp (Massachusetts) also faces certain weaknesses:
Opportunities
- Independent Bank Corp (Massachusetts) can leverage the following opportunities to further enhance its growth:
Threats
- Independent Bank Corp (Massachusetts) must be mindful of the following threats that could impact its operations:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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