Rockland Trust will complete its merger of Milford National Bank and Trust and its parent within the next few days.

The parent company of Rockland Trust and the parent of Milford announced in a joint statement yesterday that all regulatory approvals relating to the merger have been received. The merger is anticipated to close officially between Nov. 14 and Nov. 16.

Rockland announced in May that it would purchase Milford for $54.2 million in a deal where each share of MNB Bancorp would be exchanged for either 3.55 shares of Rockland parent’s common stock or $275 in cash. This results in an aggregate stock to cash consideration mix of 75 percent stock to 25 percent cash.

Milford adds over $350 million in low-cost deposits and $308 million in loans. The deal is also a boost to Rockland’s presence in Central Massachusetts. Milford comes with three branches in the Worcester County – two in Milford and one in Mendon. Rockland already had one branch in Milford before purchasing Milford National Bank.

It also recently announced that it intends to open a combined loan production and investment management office in downtown Worcester, its first actual physical presence in the city.

The acquisition of Milford National Bank began what has become a landmark year for Rockland Trust, who recently announced that it would buy the parent of Hyde-Park based Blue Hills Bank and its roughly $2.7 billion in assets.

Once it completes that acquisition, Rockland will have over $11 billion in assets and the largest branch network in Massachusetts.