Independent Bank Corp. and Meridian Bancorp, Inc. Sign Merger Agreement for Rockland Trust Company to Acquire East Boston Savings Bank (2023)

Transaction Would Result in Rockland Trust Surpassing $20 Billion in Assets and Reinforce Rockland Trust’s Position as the Boston Area’s Premier Community-Focused Commercial Bank

ROCKLAND, Mass. & PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Meridian Bancorp, Inc. (NASDAQ Global Select Market: EBSB) (“Meridian”), parent of East Boston Savings Bank, have signed a definitive merger agreement for Independent to acquire Meridian and Rockland Trust to acquire East Boston Savings Bank.

The merger agreement provides that each Meridian stockholder will receive 0.2750 of a share of Independent common stock for each share of Meridian common stock. The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes and to provide a tax-free exchange for Meridian stockholders for the Independent common stock consideration they receive.

Independent anticipates issuing approximately 14.2 million shares of its common stock in the merger. Based upon Independent’s $79.57 per share closing price on April 21, 2021, the transaction is valued at approximately $1.15 billion and the aggregate consideration represents 150% of Meridian’s tangible book value. The merger is expected to close in the fourth quarter of 2021 subject to customary closing conditions, including customary regulatory approvals and approvals of Meridian and Independent shareholders.

“This merger is consistent with our strategy of acquiring banks in overlapping and adjacent markets who share our relationship-focused style of banking,” said Christopher Oddleifson, the President and Chief Executive Officer of Independent and the Chief Executive Officer of Rockland Trust. “East Boston Savings Bank has been committed to building meaningful connections with their customers since 1848 and we are excited to work alongside them to deepen those relationships with expanded products, services, and technology. At the same time, we look forward to increasing our presence in and around the city and reinforcing our position as the Boston area’s premier community-focused commercial bank.”

“This transaction brings together two strong banks with a long and rich history serving and investing in our local communities,” said Richard J. Gavegnano, the President and Chief Executive Officer of East Boston Savings Bank. “We are excited to join a like-minded organization dedicated to creating exceptional customer experiences, built on trust and quality service, while also providing an attractive return to our stockholders.”

East Boston Savings Bank was founded in 1848 and conducts its business from 42 full-service locations, one mobile branch and three loan centers in the greater Boston metropolitan area. As of March 31, 2021 Meridian had $6.5 billion in total assets, $5.3 billion in loans, and $5.1 billion in deposits.

“Following this merger, Rockland will have approximately $20 billion in assets. In addition to the market leading commercial lending capabilities, this acquisition will further enhance our core deposit franchise value and allow for the expansion of Rockland’s broad financial product set to an expanded business and consumer customer base,” said Christopher Oddleifson.

Independent anticipates that: the transaction will (i) be approximately 7.9% immediately accretive to tangible book value per share; (ii) be approximately 23% accretive to its 2022 earnings per share, assuming fully phased-in cost saves; and, (iii) generate an internal rate of return of approximately 16%. Combined merger-related charges are expected to be approximately $64 million before tax, in the aggregate, incurred in 2021.

The boards of directors of each company have unanimously approved the transaction. The transaction is subject to certain conditions, including the receipt of required regulatory approvals, approval by the stockholders of both Meridian and Independent, and other customary conditions. Meridian’s directors and executive officers who currently own, in the aggregate, about 3.5% of Meridian Bancorp, Inc.’s outstanding shares have signed voting agreements pursuant to which they have agreed to vote their shares in favor of the merger.

Keefe, Bruyette & Woods, a Stifel Company, acted as financial advisor to Independent and Wachtell, Lipton, Rosen & Katz served as legal counsel. Raymond James & Associates, Inc. acted as financial advisor to Meridian and Luse Gorman, PC served as legal counsel.


At 10:30 a.m. Eastern Standard Time on Friday, April 23, 2021 Christopher Oddleifson, Chief Executive Officer, Robert Cozzone, Chief Operating Officer, Mark Ruggiero, Chief Financial Officer, and Gerard Nadeau, President and Chief Commercial Banking Officer will host a conference call to discuss the Company’s first quarter earnings results and the East Boston Savings Bank transaction. Internet access to the call is available on the Company’s website at or via telephonic access by dial-in at 1-888-336-7153 reference: INDB. A replay of the call will be available by calling 1-877-344-7529, Replay Conference Number: 10152332 and will be available through May 7, 2021. Additionally, a webcast replay will be available until April 23, 2022.


Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's "Top Places to Work" 2020 list, an honor earned for the 12th consecutive year. In 2020, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust’s sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender. To find out why Rockland Trust is the bank "Where Each Relationship Matters®," please visit


Meridian Bancorp, Inc. (NASDAQ Global Select Market: EBSB) is the holding company for East Boston Savings Bank. East Boston Savings Bank, a Massachusetts-chartered stock savings bank founded in 1848, operates 43 branches in the greater Boston metropolitan area, including 42 full-service locations and one mobile branch. East Boston Savings Bank offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Essex, Middlesex, Norfolk and Suffolk Counties, Massachusetts. For additional information, visit


This communication may contain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Independent and Meridian, the expected timing of completion of the transaction, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions; the magnitude and duration of the COVID-19 pandemic and its impact on the global economy and financial market conditions and the business, results of operations, and financial condition of Independent and Meridian; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board; volatility and disruptions in global capital and credit markets; movements in interest rates; reform of LIBOR; increased competition in the markets of Independent and Meridian; success, impact, and timing of business strategies of Independent and Meridian; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the failure to obtain shareholder approvals or to satisfy any of the other conditions to the transaction on a timely basis or at all or other delays in completing the transaction; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Independent or Meridian; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Independent and Meridian do business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; the dilution caused by Independent’s issuance of additional shares of its capital stock in connection with the transaction; and other factors that may affect the future results of Independent and Meridian. Additional factors that could cause results to differ materially from those described above can be found in Independent’s Annual Report on Form 10-K for the year ended December 31, 2020 and in its subsequent Quarterly Reports on Form 10-Q, including in the respective Risk Factors sections of such reports, as well as in subsequent SEC filings, each of which is on file with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Relations” section of Independent’s website,, under the heading “SEC Filings” and in other documents Independent files with the SEC, and in Meridian’s Annual Report on Form 10-K for the year ended December 31, 2020 and in its subsequent Quarterly Reports on Form 10-Q, including in the respective Risk Factors sections of such reports, as well as in subsequent SEC filings, each of which is on file with and available in the “Investor Relations” section of Meridian’s website,, under the heading “SEC Filings” and in other documents Meridian files with the SEC.

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Independent and Meridian assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.


In connection with the proposed transaction, Independent will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of Independent and Meridian and a Prospectus of Independent, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving Independent and Meridian will be submitted to Independent’s shareholders and Meridian’s stockholders for their consideration. 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, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS AND SHAREHOLDERS OF INDEPENDENT AND MERIDIAN ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. A copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about Independent and Meridian, can be obtained without charge, at the SEC’s website ( Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Independent Investor Relations, 288 Union Street, Rockland, Massachusetts 02370, telephone (781) 982-6737, or to Meridian Investor Relations, 67 Prospect Street, Peabody, Massachusetts 01960, (978) 977-2211.


Independent, Meridian, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Independent and/or Meridian in connection with the proposed transaction under the rules of the SEC. Information regarding Independent’s directors and executive officers is available in its definitive proxy statement relating to its 2021 Annual Meeting of Shareholders, which was filed with the SEC on April 1, 2021, and its Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the Commission on February 26, 2021, and other documents filed by Independent with the SEC. Information regarding Meridian’s directors and executive officers is available in its definitive proxy statement relating to its 2021 Annual Meeting of Shareholders, which was filed with the SEC on April 9, 2021, and its Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the Commission on March 1, 2021 and other documents filed by Meridian with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC, which may be obtained free of charge as described in the preceding paragraph.

Category: Merger Releases

Independent Bank Corp. and Meridian Bancorp, Inc. Sign Merger Agreement for Rockland Trust Company to Acquire East Boston Savings Bank (1)

View source version on


Mark Ruggiero, Chief Financial Officer
Independent Bank Corp.
(781) 982-6281

Emily McDonald, Project Manager, Marketing Strategy and Analysis
Rockland Trust Company
(781) 982-6650


Investor and Media:
Richard J. Gavegnano, Chairman, President and Chief Executive Officer
Meridian Bancorp, Inc.
(978) 977-2211

Source: Independent Bank Corp.


What bank did Rockland Trust merge with? ›

In April 2021 Rockland Trust Company announced its acquisition of East Boston Savings Bank for $1.15 billion. Following this acquisition Rockland Trust total assets were estimated at $20 billion.

What bank owns Rockland Trust? ›

Your full-service Community bank

Rockland Trust is dedicated to our customers in Massachusetts and Rhode Island, standing as the sole bank subsidiary of Independent Bank Corp. (NASDAQ: INDB).

Who bought Meridian Bancorp? ›

Independent Bank Corp

The deal closed nearly seven months after Independent Bank agreed to acquire Meridian Bancorp in a $1.15bn deal.

Who owns Independent Bank Corp? ›

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.

What is the transfer limit for Rockland Trust? ›

NOTE: There is a daily limit of $2,500.00 per business day for personal accounts and $10,000.00 per business day for business accounts. Some exceptions may apply.

Is Rockland Trust buying East Boston Savings Bank? ›

Under the terms of the Agreement and Plan of Merger, dated as of April 22, 2021, East Boston Savings Bank will merge with and into Rockland Trust (Bank Merger) under the charter, bylaws, and name of Rockland Trust Company (Continuing Institution).

Is Rockland Trust a safe bank? ›

Its Texas Ratio is 4.70%, denoting that the bank is in terrific financial health and far from failure. Additionally, Rockland Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Is Rockland a good bank? ›

Hanover, MA, April 18, 2023 – Rockland Trust was ranked #5 in the Nation, and #1 in Massachusetts, on Forbes' 2023 World's Best Banks list.

How much assets does Rockland Trust have under management? ›

With $19.3 billion in assets as of December 30, 2022, we now serve more than individuals, families, and businesses through over 120 branches, 20 commercial lending centers, 11 investment management offices and 9 mortgage centers in Massachusetts and Rhode Island.

Did independent bank get bought out? ›

Texas Capital Bancshares Inc., the parent company of Texas Capital Bank, and Independent Bank Group Inc., the holding company for Independent Bank, recently announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals with a total market value of ...

When did Meridian bank close? ›

On October 10, 2008, Meridian Bank, Eldred, IL was closed by the Department of Financial and Professional Regulation of the Illinois Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

Is Bancorp changing its name? ›

BancorpSouth and Cadence Bank initiated their conversion earlier this month and BancorpSouth will be known as Cadence Bank going forward. Current customers of BancorpSouth will see minimal changes to their banking experience.

What is the ticker symbol for Rockland Trust? ›


What was the former name of the independent bank? ›

In December of 1994, Farmers State Bank of Russell changed its company name to First Independent Bank.

Who bought East Boston Savings Bank? ›

In 1991, East Boston Savings Bank became a wholly owned subsidiary of Meridian Mutual Holding Company, later known as Meridian Financial Services.

What is the maximum amount you can transfer from bank to bank? ›

ACH Transfer Limits at Top U.S. Banks
BankACH Transfer LimitsTransfer Fee
Wells FargoDepending on your account history, up to $5,000 per day$0
TD BankTypically $3,000 per month depending on your account history$0
Chase$25,000 per day or $10,000 per transaction$0
CitiBank$10,000 per month or $2,000 per day$0
2 more rows
Dec 12, 2022

What is the maximum amount you can transfer from one bank to another? ›

Bank transfer limits
Type of transferTransfer limit
ACH Same Day transferUp to $1,000,000
Bank of America Corp.$3,500 per day or $10,000 per week
JPMorgan Chase & Co.Up to $25,000 per day
Citigroup Inc. Standard ACHUp to $10,000 per day
1 more row
Jun 8, 2022

Is there a max amount you can transfer between banks? ›

ACH transfer limits vs wire transfer limits

ACH transfers are subject to limits on how much money can be moved. These limits can be per day, per single transaction or per single month and range from $10,000 per month to as high as $25,000 a month depending on the bank.

What is the biggest bank in Boston? ›

The largest bank by deposits in Massachusetts, BoA had $112 billion in deposits here in 2022.

What is the largest mutual bank in Massachusetts? ›

Middlesex Savings Bank is a Massachusetts bank headquartered in Natick, Massachusetts, and founded in 1835. It is the largest mutual bank in Massachusetts with more than $5.7 billion in assets and 32 branches in the western Boston suburbs.

What is the most trust bank? ›

The Lifestory Research 2022 America's Most Trusted® Bank Study found Chase the most trusted bank. The America's Most Trusted® Study is a large-scale survey of consumers in the United States that seeks to identify the brands that people trust the most within their respective industries.

What is the safest bank in us? ›

Asset-heavy, diversified and regulated banks like JPMorgan Chase, Wells Fargo, PNC Bank and U.S. Bank are among the safest banks in the U.S. and should be considered if you are weighing your options.

Are credit unions as good as banks? ›

Key Takeaways. Credit unions tend to have lower fees and better interest rates on savings accounts and loans, while banks' mobile apps and online technology tend to be more advanced. Banks often have more branches and ATMs nationwide.

Is it safe to trust banks? ›

The good news is nearly all banks have insurance through the Federal Deposit Insurance Corporation (FDIC). This protection covers $250,000 “per depositor, per insured bank, for each account ownership category.” This insurance covers a range of deposit accounts, including checking, savings and money market accounts.

What is the largest bank in Tennessee? ›

What are the largest banks in Tennessee? The financial institution with the largest number of brick-and-mortar branches in Tennessee is Regions Bank. Truist Bank, First Horizon Bank, and First Tennessee Bank also have a substantial footprint in Tennessee.

Which bank is number 1 ranking? ›

JPMorgan Chase

Where is the safest bank? ›

5 Safest Banks in the U.S.
JP Morgan Chase$3.2 trillion
Bank of America$2.42 trillion
Citi$1.77 trillion
Wells Fargo$1.72 trillion
1 more row
May 16, 2023

Is Rockland Trust insured? ›

FDIC Insurance—Rockland Trust is a strong, secure, and well-capitalized bank, and a safe place for your deposits. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.

What industry is Rockland MA known for? ›

Historically, Rockland is best known for its industrial history and was home to many shoe manufacturers. It is believed that Rockland shod approximately half the shoes for the Union Army during the Civil War.

What is the largest bank with assets under management? ›

With $5.5 trillion in assets, Industrial and Commercial Bank of China Limited is the largest bank in the world, as measured by total assets. Given its size and dominance, it's no surprise that ICBC China has earned high marks for financial stability and profitability.

What happened to Independence Bank? ›

In 2006, the bank was acquired by Santander Bank. Independence Community Bank Corp.

Is Wells Fargo Bank being bought out? ›

GTCR and Reverence Capital Partners agreed to acquire Wells Fargo Asset Management, which will become Allspring Global Investments. Wells Fargo Asset Management is set to rebrand as Allspring Global Investments under its new CEO upon closure of its acquisition by GTCR and Reverence Capital Partners.

What bank did PNC just buy out? ›

That's why since the day that the PNC acquisition of BBVA USA was announced, PNC has been working to help keep BBVA account holders informed to help ensure that any future changes happen seamlessly.

What is the oldest bank still operating? ›

Banca Monte Dei Paschi di Siena is the oldest surviving bank in the world. It was founded in 1472 in the Tuscan city of Siena, which at the time was a republic.

When did all the banks shut down? ›

March 1933. For an entire week in March 1933, all banking transactions were suspended in an effort to stem bank failures and ultimately restore confidence in the financial system.

Why did First Tennessee Bank change its name? ›

Name change simplifies experience

After First Horizon's acquisition of Capital Bank in 2017, the company had found the First Tennessee brand didn't work as well outside its namesake state, Jordan said. The two different brands created customer confusion.

What bank owns Bancorp? ›

Yes, U.S. Bancorp [NYSE: USB] is the publicly traded parent company of U.S. Bank.

Who are the largest shareholders of US Bancorp? ›

The Vanguard Group, Inc.120,967,0977.90%
SSgA Funds Management, Inc.58,161,9043.80%
T. Rowe Price Associates, Inc. (Investment Management)46,837,5953.06%
Capital Research & Management Co.44,575,0162.91%
6 more rows
3 days ago

What is the US Bancorp controversy? ›

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for illegally accessing its customers' credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers' permission.

What was TCF bank stock symbol? ›

TCF Financial Corporation News

RBC Capital analyst Jon Arfstrom maintained a Buy rating on TCF Financial (NASDAQ:TCF) Corporation on Thursday, setting a price target of $51, which is approximately 14.92% above...

What is ticker company symbol? ›

A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market.

What company has this ticker symbol TWTR? ›

TWTR: Twitter (delisted) - Stock Price, Quote and News - CNBC.

What is the oldest minority owned bank? ›

NASHVILLE, Tenn. (WKRN) — The oldest Black-owned bank in our country can be found in Nashville, Tennessee. Citizens Savings Bank and Trust was founded in 1904, known as Once Cent Savings Bank.

Who bought independent bank? ›

Two North Texas-based banks, Texas Capital Bancshares Inc. and Independent Bank Group Inc., are merging in an all-stock deal valued at $5.5 billion.

Who bought Independence Bank? ›

(“Sovereign”) (NYSE: SOV), parent company of Sovereign Bank, announced today they have reached a definitive agreement for Sovereign to acquire 100% of Independence Community Bank Corp.

Who bought Rockland Trust? ›

Independent Bank Corp.

Who bought Meridian bank? ›

National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois.

Who is Blue Ridge Bank merging with? ›

In February 2021, Blue Ridge completed a merger with Richmond-based Bay Banks of Virginia Inc., parent holding company of Virginia Commonwealth Bank, creating a bank with nearly $2.8 billion in assets. Founded in 1893, Blue Ridge Bank has 26 locations, including one in Greensboro, North Carolina.

Who did Columbia Bank merge with? ›

On March 1, 2023, the merger between Umpqua Bank and Columbia Bank was completed. As a result of the combination, you now have access to over 300 branch and ATM locations throughout the West.

Who merged with Columbia Bank? ›

Umpqua Bank is the successor in interest to Columbia State Bank, doing business as Columbia Bank. You are now banking with Umpqua Bank. Deposits formerly held at Columbia Bank are not separately insured. These deposits are subject to Umpqua Bank's FDIC deposit insurance coverage.

Can I transfer money from Rockland Trust to bank of America? ›

Can I transfer funds to an account I have at another financial institution? A. As a personal banking customer, you can transfer money between your Rockland Trust checking and savings accounts and accounts you may have at other financial institutions.

Who is first Midwest Bank merging with? ›

The combined company's common shares will trade on Nasdaq under ticker symbol “ONB.” The combined company's board of directors includes 16 members with eight directors from both Old National and First Midwest. We're excited to announce First Midwest Bank is now officially a division of Old National Bank.

Is Blue Ridge Bank a real bank? ›

Since then, Blue Ridge Bank has become one of the largest independently owned community banks in Missouri, currently with eight branches and over $500 million in assets. In 2004, the Bank opened its new corporate headquarters, located on Little Blue Parkway.

What bank is first Midwest Bank merging with? ›

With the closing of the merger on February 16, 2022, First Midwest Bank is a division of Old National Bank. The two companies will operate as Old National Bank likely by summer of 2022.

What two banks merge to form largest black owned bank? ›

City First Bank and Broadway Financial Corp. Merge To Create Largest Black-Owned Bank in America
  • July 9, 2021.
  • Written by Brian Good.

Who bought Idaho Independent Bank? ›

Six months after announcing our intent to merge, we are pleased to officially welcome Community 1st Bank (CMYF) and Idaho Independent Bank (IIB) to the First Interstate family. First Interstate's acquisition of both CMYF and IIB was completed this morning, April 8, 2019.

Who bought Bank of Georgetown? ›

The parent company of United Bank has completed its $269 million acquisition of Bank of Georgetown. WASHINGTON — United Bankshares, Inc. continues to grow its Washington-area presence. The parent company of United Bank has completed its $269 million acquisition of Bank of Georgetown.

Who is greater bank merging with? ›

Greater Bank and Newcastle Permanent have merged, effective 1 March 2023. Newcastle Permanent Building Society Limited ACN 087 651 992 has changed its corporate name to Newcastle Greater Mutual Group Ltd (the ACN and ABN and licence numbers remain the same).

Who bought TCF National bank? ›

The 2021 merger of Detroit-based TCF Financial Inc. into Columbus, Ohio-based Huntington Bancshares Inc. created the second-largest bank operating in Michigan. TCF Bank and Huntington Bank were already among the market leaders in Michigan, ranking sixth and seventh, respectively, in deposit market share as of 2020.

Is Columbia a good bank? ›

Columbia Bank receives a superb consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Is Rockland Trust FDIC insured? ›

close answer x Yes. Rockland Trust is a strong, secure, and well-capitalized bank and a safe place for deposits. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. This coverage can be increased for larger deposits through titling of accounts.

Does Rockland Trust bank have Zelle? ›

How do I get started? It's easy — Zelle® is already available within Rockland Savings Bank, FSB's mobile banking app and online banking within Bill Pay! Check our app or sign in online and follow a few simple steps to enroll with Zelle® today.

How much can you deposit in an ATM? ›

Generally, there isn't a limit on the dollar amount you can deposit at an ATM. Check with your bank to see if it has any ATM deposit limits. You're more likely to encounter limits on the number of individual bills you can deposit at a time. Your bank—or the cash machine—may determine these limits.


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