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Independent Bank Corp. (INDB)

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Independent Bank Corp.

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

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees1,103

Key Executives

NameTitlePayExercisedAge
Mr. Christopher OddleifsonChief Exec. Officer, Pres & Director1.38MN/A58
Mr. Robert D. CozzoneChief Financial Officer & Treasurer596.11k24.98k46
Mr. Barry H. JensenChief Information Officer & Sr. VP479.19kN/A52
Mr. Edward H. SeksayGen. Counsel & Corp. Sec.509.61kN/A59
Mr. Gerard F. NadeauDirector645.63kN/A59
Amounts are as of December 31, 2016 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 primarily in Massachusetts. The company’s products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. Its loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans. The company’s commercial and industrial loans cover loans for working capital, other business-related purposes, and floor plan financing; asset-based loans consist primarily of revolving lines of credit and term loans; commercial real estate loans include commercial mortgages for construction purposes that are secured by nonresidential properties, multifamily properties, or one-to-four family rental properties; and small business loans comprise real estate loans and loans to businesses with commercial credit needs. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services; and insurance services. The company operates through 80 full service and 3 limited service retail branches, 11 commercial banking centers, 5 investment management offices, and 1 mortgage lending center in Eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

Corporate Governance

Independent Bank Corp.’s ISS Governance QualityScore as of September 1, 2017 is 4. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 7; Compensation: 3.

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.