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05 October 2016 • Articles

Jonathan Ostroff

Independent Bank Corp. and Island Bancorp, Inc.

Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, and Island Bancorp, Inc., parent of The Edgartown National Bank, have signed a definitive merger agreement for Independent to acquire Island Bancorp and Rockland Trust to acquire Edgartown National. The parties anticipate that the consummation of the transaction will occur in the second quarter of 2017 in a deal expected to be valued at $24.15

Morrow Sodali is acting as proxy solicitor for Island Bancorp.

Click here to request documents for this deal.

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