Advertisement
UK markets open in 2 hours 28 minutes

  • NIKKEI 225

    38,779.63
    +543.56 (+1.42%)
     

  • HANG SENG

    18,420.38
    -157.92 (-0.85%)
     

  • CRUDE OIL

    78.72
    +0.24 (+0.31%)
     

  • GOLD FUTURES

    2,332.40
    +1.20 (+0.05%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • Bitcoin GBP

    50,481.21
    -428.28 (-0.84%)
     

  • CMC Crypto 200

    1,359.67
    +47.05 (+3.58%)
     

  • NASDAQ Composite

    16,349.25
    +192.92 (+1.19%)
     

  • UK FTSE All Share

    4,469.09
    +22.94 (+0.52%)
     

Independent Bank Corp.'s Acquisition of Meridian Bancorp Isn't Good, It's Great

Bram Berkowitz, The Motley Fool
·5-min read
Independent Bank Corp.'s Acquisition of Meridian Bancorp Isn't Good, It's Great

The Boston banking scene got thrown for another loop recently after Independent Bank Corp. (NASDAQ: INDB), the parent company of Rockland Trust, announced that it plans to buy Meridian Bancorp (NASDAQ: EBSB), the parent company of East Boston Savings Bank. The deal comes just after Independent's main competitor, Eastern Bankshares, announced that it plans to buy Century Bancorp. Independent Bank is a $13.8-billion-asset bank that stretches from southern Massachusetts in Cape Cod to Boston to Central Massachusetts in Worcester.

Continue reading