Rockland Trust parent company reports $35M Q3 profit

ROCKLAND TRUST'S parent company reported a profit of $35.4 million in the third quarter of 2020. / COURTESY ROCKLAND TRUST CO.
PROVIDENCE – Independent Bank Corp., the parent company of Rockland Trust Co., brought in a $34.9 million profit in the third quarter, the company announced Thursday. Third-quarter earnings represent a 32.7% decline year over year, primarily driven by continued efforts to shore up provisions for bad loans anticipated under the pandemic, the company stated. The…

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