Independent Bank Corp - Company Profile
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Independent Bank Corp (IBNC) is a bank holding company. The company's main activities include providing a broad spectrum of banking, investment, and financial services. Its major offerings include a variety of checking and savings products, credit cards, mortgage products, home equity products, and commercial banking services. IBNC provides specialized banking services such as condo association banking and lending, escrow services, and government and municipal banking. Its services cater to individuals, families, and business owners, addressing their diverse financial and banking needs. The company mainly operates across the rural and suburban communities of Massachusetts, and Rhode Island, Worcester. INBC is headquartered in Rockland, Massachusetts, the US.
Headquarters
United States of America
Address
288 Union Street, Rockland, Massachusetts, 02370
Telephone
1 781 8786100
No of Employees
2,294
Industry
Financial Services
Ticker Symbol & Exchange
INDB (NASD)
Revenue (2024)
$1.2B
19.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
6.8%
(2024 vs 2023)
Market Cap*
$3.7B
Net Profit Margin (2024)
XYZ
-10.5%
(2024 vs 2023)
* As of and is in US$
Independent Bank Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Online Banking | Rockland |
| Savings | Mobile Banking | |
| Checking | Telephone Banking | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In July, the company acquired HCB Financial Corp. |
| 2026 | Regulatory Approval | In June, the company secured approval from the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services to merge with HCB Financial Corp. |
| 2026 | Others | In August, the Rockland Trust Foundation awarded US$50,000 to the Mark Stebbins Community Center (MSCC) in support of the new Mark Stebbins Community Center facility in Manchester. |
Competitor Comparison
| Key Parameters | Independent Bank Corp | KeyCorp | Atlantic Union Bankshares Corp | Fulton Financial Corp | First Financial Bancorp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Rockland | Cleveland | Glen Allen | Lancaster | Cincinnati |
| State/Province | Massachusetts | Ohio | Virginia | Pennsylvania | Ohio |
| No. of Employees | 2,294 | 17,469 | 3,073 | 3,400 | 2,371 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael P. Hogan | Chairman | Executive Board | 2025 | 66 |
| Jeffrey J. Tengel | Chief Executive Officer; Director; President | Executive Board | 2023 | 63 |
| Mark J. Ruggiero | Chief Financial Officer; Executive Vice President - Consumer Lending, Rockland Trust | Senior Management | 2019 | 48 |
| Stephen Gogolak | Chief Marketing Officer; Executive Vice President | Senior Management | - | - |
| Tamina O'Neill | Chief Risk Officer; Executive Vice President | Senior Management | 2025 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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