ROCKLAND, Mass. -- (Business Wire)
Independent Bank Corp., the parent company of Rockland
Trust, has been recognized as the best community bank headquartered
in Massachusetts on Forbes’ list of America’s
Best and Worst Banks 2013. The bank ranked 29th
nationwide this year in financial health among publically traded banks
and thrifts. For its fourth annual report, Forbes and SNL Financial
reported data on the 100 largest publically traded banks, including
information on assets and profitability. This is the third consecutive
year Rockland Trust has made the list of healthiest banks in the county.
“This acknowledgement, along with being ranked “Highest in Customer
Satisfaction with Retail Banking in the New England Region” in 2012 by
J.D. Power and Associates, demonstrates that the most successful banks
are those that focus on helping customers meet their needs,” said Chris
Oddleifson, President and CEO of Rockland Trust. “We have steadily grown
due to our longstanding commitment to supporting all our customers with
exemplary service and innovative products to help them successfully
manage their finances.”
Forbes, an American publishing and media company and the owner of Forbes
Magazine, ranked the 100 largest publically traded banks on eight
metrics of financial health: return on average equity, net interest
margin, nonperforming loans as a percentage of loans, nonperforming
assets as a percentage of assets, reserves as a percentage of
nonperforming loans, two capital ratios (Tier 1 and risk-based) and
leverage ratio. All data is based on filings through the third quarter
of 2012.
About Rockland Trust Company
Rockland Trust Company is a full-service commercial bank headquartered
in Massachusetts with $5.7 billion in assets. The sole bank subsidiary
of Independent Bank Corp. (NASDAQ:INDB), Rockland Trust provides a wide
range of consumer, business, investment, and insurance products and
services throughout Eastern Massachusetts and Rhode Island. Ranked
“Highest Customer Satisfaction with Retail Banking in the New England
Region” in 2012 by J.D. Power and Associates, Rockland Trust’s network
consists of nearly 80 retail branches, and 15 commercial lending,
investment management, and residential lending centers in Eastern
Massachusetts and Rhode Island. To find out why Rockland Trust is the
bank “Where Each Relationship Matters®”, please visit www.RocklandTrust.com.
Member FDIC. Equal Housing Lender.
Rockland Trust Co. received the highest numerical score among retail
banks in the New England region in the proprietary J.D. Power and
Associates 2012 Retail Banking Satisfaction StudySM. The
study was based on 51,498 total responses measuring 13 providers in the
New England region (CT, MA, ME, NH, RI & VT) and measures opinions of
consumers with their primary banking provider. Proprietary study results
are based on experiences and perceptions of consumers surveyed
January-February, 2012. Your experiences may vary. Visit www.jdpower.com.
Contacts:
Rockland Trust Company
Ellen Molle, 781-982-6537 (office)
617-922-5952
(mobile)
Ellen.Molle@RocklandTrust.com
Source: Rockland Trust Company