Friday, March 18, 2016

Rockland Trust to acquire Cape Cod bank

Image result for Rockland Trust bank photoRockland 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

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