Rockland Trust Co., a commercial bank serving Eastern Massachusetts and Cape Cod, will extend its reach to communities west and southwest of Boston today, when it reopens 11 locations of the Benjamin Franklin Bank as Rockland Trust branches.
Rockland Trust recently acquired Benjamin. With the acquisition, which added close to $1 billion in assets, Rockland Trust now has 71 branches with approximately $4.6 billion in assets and more than 1,000 employees, the company said. Established in 1907, the bank has steadily grown to become the seventh largest bank in the Bay State. Rockland Trust is the wholly owned subsidiary of Independent Bank Corp.
Thomas Venables, president and CEO of Benjamin Franklin, will join Independent Bank Corp.’s board of directors. Two additional Benjamin Franklin directors, William Bissonnette and Daniel O’Brien, will also join the board.