Enterprise Bancorp's Merger with Independent Bank Corp. Nears Completion

Published 4 hours agoEFSC

Enterprise Bancorp's Merger with Independent Bank Corp. Nears Completion

Enterprise Bancorp, the parent company of Enterprise Bank & Trust, is on the brink of a significant milestone. In December 2024, the company announced its agreement to merge with Independent Bank Corp., the parent company of Rockland Trust. This cash-and-stock deal is valued at $562 million and is expected to conclude in the latter half of 2025. The completion of this merger is still subject to regulatory approvals and shareholder nods, which are typical prerequisites in such transactions, as reported by bizjournals.com.

Meanwhile, First Interstate Bank has been notably active in expanding its footprint. Back in 2021, its parent company, First Interstate BancSystem, successfully acquired an Oregon-based bank for $589 million, according to an article on AP News. This move marked a significant expansion for First Interstate as it strengthened its presence in the region.

Though there's no recent public information about Enterprise Bank & Trust acquiring branches from First Interstate Bank, the financial landscape is ever-evolving. For accurate and up-to-date developments, keeping an eye on official releases from both institutions or insights from reputable financial news outlets is advised.

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