Independent Bank (NASDAQ: INDB)
Independent Bank Return vs. S&P
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Independent Bank Company Info
Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in the sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties, residential mortgages that are secured primarily by owner-occupied residences, and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.
News & Analysis
Independent Bank Corp.'s Acquisition of Meridian Bancorp Isn't Good, It's Great
The deal catapults the already high-performing Independent Bank to $20 billion in assets.
Bank M&A: The Buyers Are Ready, but Now They Are Waiting on the Sellers
Bank CEOs seem ready to start looking at mergers and acquisitions, but the sellers may still want to wait until the economic outlook improves.
Eastern Bank, Which Will Soon IPO, Shows Promise With Q2 Earnings
The bank got earnings back up to a better level, and had less deferrals and more PPP loans than its competitors as of the end of the second quarter
Which Bank Will Eastern Bank Look to Buy After its IPO?
The bank said it would like to use its new capital to pursue acquisitions. This could mean a huge deal that could transform the Boston banking scene.
Valuation
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