Rockland Trust parent company reports $121M 2020 profit

ROCKLAND TRUST'S parent company reported a profit of $121.2 million in 2020. / COURTESY ROCKLAND TRUST CO.
ROCKLAND, Mass. – Independent Bank Corp., the parent company for Rockland Trust Co., brought in a $121.2 million profit in 2020, the company reported on Thursday. Annual earnings represented a 26.6% drop over the prior year, reflecting a more than eight-fold increase in its stockpiling of reserves for bad loans as well as a continued…
Register to keep reading or subscribe today and receive unlimited access. 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