Rockland Trust’s parent company has agreed to acquire the parent of the Bank of Cape Cod for $31 million, the latest add-on for the merger-hungry community bank.
The deal would
add four locations to Rockland Trust’s existing fleet of branches on the
Cape. Rockland Trust is already one of biggest players
in Cape Cod banking, holding $708 million in deposits in Barnstable
County as of mid-2015, the fourth-most behind Cape Cod Five Cents
Savings Bank, TD Bank and Bank of America.. . . more