Advertisement
U.S. markets open in 3 hours 44 minutes

Independent Bank Corp. (INDB)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
52.69+1.97 (+3.88%)
At close: 04:00PM EDT
52.69 0.00 (0.00%)
After hours: 04:20PM EDT
  • Dividend

    INDB announced a cash dividend of 0.57 with an ex-date of Mar. 28, 2024

Independent Bank Corp.

288 Union Street
Rockland, MA 02370
United States
781 878 6100
https://www.rocklandtrust.com

Sector(s)Financial Services
IndustryBanks - Regional
Full Time Employees1,787

Key Executives

NameTitlePayExercisedYear Born
Mr. Mark J. RuggieroCFO & Executive VP of Consumer Lending928.76kN/A1977
Mr. Jeffrey J. TengelPresident, CEO & DirectorN/AN/A1963
Mr. Lee C. PowlusExecutive VP, Chief Technology & Operations OfficerN/AN/A1961
Mr. David Byron Smith C.F.A.Executive VP & Chief Investment OfficerN/AN/AN/A
Ms. Maureen A. GaffneySenior VP, Controller & Principal Accounting OfficerN/AN/A1979
Ms. Patricia M. Natale Esq.Executive VP & General CounselN/AN/AN/A
Mr. Alastair IronsideExecutive VP & Chief Marketing OfficerN/AN/AN/A
Ms. Maria S. HarrisExecutive VP & Chief Human Resource OfficerN/AN/A1971
Timothy C. LaneSenior VP & Chief Internal AuditorN/AN/AN/A
Ms. Dawn A. MugfordExecutive VP & Chief Risk OfficerN/AN/AN/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

Corporate Governance

Independent Bank Corp.’s ISS Governance QualityScore as of March 1, 2024 is 2. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 6; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.