Rockland Trust to Seek More M&A Opportunities
Rockland Trust Co. remains on track to complete the East Boston Savings Bank acquisition later this year, and the bank plans to continue to look for merger opportunities in the coming years.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Community Good Works
From funds to renovate a key youth resource to a small-but-impactful gift to help young hospital patients, local landlords and lenders helped out their neighbors in many ways recently.
Rockland Trust Plans to Close 18 Branches With East Boston Merger
The merger of East Boston Savings Bank and Rockland Trust will result in 18 branch closings, including nine locations in Boston, according to the public notice for the proposed merger.
Proxy: East Boston Savings Initially Rejected Rockland Trust
A stalemate over pricing in early February initially thwarted Rockland Trust’s attempt to acquire East Boston Savings Bank before talks resumed a few weeks later, according to a new SEC filing.
Community Groups Watch for Effects of Mergers
The mergers and acquisitions transforming the Massachusetts banking industry this year will also have a significant effect on another group: the community development organizations that partner with banks on affordable housing and lending programs.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Rockland Keeps Pace with Eastern in Latest Merger
Rockland Trust Co.’s acquisition of East Boston Savings Bank will give it the size needed to stay competitive and opportunities to increase revenue, analysts say, allowing the bank to keep pace with growing rival Eastern Bank.
Banker & Tradesman’s Editorial Cartoon: Bank-Tron! Assemble!
Rockland Trust and East Boston Savings Bank are assembling a mighty titan to do battle with other regional lenders.
A Branch Expansion While Others Retreat
While several banks have announced plans to reduce their branch footprints, Rockland Trust has continued to expand even as the pandemic has driven customers to digital channels. Overseeing the bank’s retail network is Margaret “Peg” McCarthy.
Rockland Trust Adds Shrewsbury Branch
Rockland Trust continued its Worcester-area expansion this week with a ribbon-cutting at its first retail branch in Shrewsbury.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
More Branch Closures Ahead
New England will lose dozens of bank branches in the next couple of years as several lenders shutter locations inside supermarkets, as persistently small margin spreads make these locations unprofitable.
Rockland Trust Sees Improvements in COVID Modifications
While Rockland Trust Co. saw earnings drop more than 26 percent in 2020 compared to 2019, the amount of its loan portfolio receiving COVID-related modifications improved in the fourth quarter.
Changes in Store for Branches as Some Banks Pull Back
With the pandemic driving many customers away from branches and accelerating the adoption of online and mobile technology, banks face the prospect of long-lasting changes to how they interact with customers.
Eastern Bank Reduces Loans With COVID Modifications
Eastern Bank has further reduced the loans in its portfolio subject to COVID-19 modifications over the past two months, according to an SEC 8-K report issued today.
Rockland Trust Opens Second Worcester Branch
Rockland Trust Bank opened its second retail branch in Worcester last week as part of its ongoing expansion in Central Massachusetts.
Community Good Works
From small gifts, like seat cushions for elementary students learning outside due to COVID-19, to big donations that fund pilot programs at local schools, Massachusetts lenders and developers helped their communities out in many ways in recent weeks.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Community Good Works
With Thanksgiving right around the corner and cases of COVID-19 rising dramatically, banks and credit unions are stepping into the breach to help locals experiencing homelessness and hunger.
