Independent Bank Corp. Acquires Enterprise Bancorp, Inc.

July 1, 2025

Independent Bank Corp. (parent of Rockland Trust) completed its acquisition of Enterprise Bancorp, Inc., with legal closing effective July 1, 2025; Enterprise Bank has been merged into Rockland Trust and Enterprise Bancorp shareholders received a mix of Independent common stock and cash. The parties will convert core products and customer accounts over the weekend of October 11, 2025, and Enterprise founder George Duncan will serve in a consultative role for one year to support integration.

Buyers
Independent Bank Corp., Rockland Trust
Targets
Enterprise Bancorp, Inc.
Location
Massachusetts, United States
Transaction Type
Buyout

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