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…

Want More?

Subscribe or register with Providence Business News to keep reading.

for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display