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Article: Ben Franklin acquisition given OK
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- February 14, 2009
CopyrightCopyright 2009 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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REGIONAL ROUNDUP
Ben Franklin acquisition given OK
ROCKLAND - Shareholders of Independent Bank Corp., the parent
company of Rockland Trust, have approved an acquisition of Benjamin
Franklin Bancorp. The holders of more than 80 percent of Rockland-
based Independent's shares voted in favor of the merger on Friday.
Rockland Trust's pending acquisition of Benjamin Franklin, first
announced in November, will provide Rockland Trust with a major
expansion into the suburbs west of Boston to supplement its core
network of branches in Southeastern Massachusetts. Rockland Trust
will have 72 branches and $4.5 billion in assets when the deal is
completed.
Rockland Trust plans to keep all 11 of the ...