Rockland Trust strikes $54m deal for bank

• E-mail

E-mail this article
To:
Invalid E-mail address
Add a personal message:(80 character limit) Your E-mail:
Invalid E-mail address

Sending your article
Your article has been sent.

Rockland Trust, the largest community bank based south of Boston, is accelerating its expansion north and west of Boston. The parent of Rockland Trust Co., Independent Bank Corp. of Rockland, announced Tuesday that it would buy the parent of Central Bank in Somerville, Central Bancorp, for $54.8 million, more than tripling its presence in Middlesex County. The deal, expected to close by the end of the year, will give Rockland Trust nine additional branches in Middlesex County in addition to the four it already has.

To continue, please sign up or log in to BostonGlobe.com

Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com

Sign up

Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.

Sign up

Are you a Boston Globe home delivery subscriber?

Get FREE access as part of your print subscription.

Start here

BostonGlobe.com subscriber

Click to continue reading this article or to log in to BostonGlobe.com.

• E-mail

E-mail this article
To:
Invalid E-mail address
Add a personal message:(80 character limit) Your E-mail:
Invalid E-mail address

Sending your article
Your article has been sent.