Rockland Trust parent reports $121M profit in 2021 after closing $1.2B acquisition

INDEPENDENT BANK CORP., the parent company for Rockland Trust Co., reported $121 million in profits for 2021./ COURTESY ROCKLAND TRUST CO.
ROCKLAND, Mass. – After completing the $1.2 billion acquisition of another Massachusetts bank, Independent Bank Corp. ended 2021 with profits nearly identical to the prior year. The parent company for Rockland Trust Co. on Thursday reported a $121.0 million net income for 2021, 0.1% less than annual earnings in 2020. The yearly earnings report includes…

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