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Stock impact report

Shareholders of Independent Bank Corp. Approve Blue Hills Bancorp, Inc Acquisition

Independent Bank Corp. (INDB) 
Last independent bank corp. earnings: 4/23 04:10 pm Check Earnings Report
Company Research Source: Business Wire
ROCKLAND, Mass.--(BUSINESS WIRE)-- Shareholders of Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company, approved the merger of Independent and Blue Hills Bancorp, Inc. ("Blue Hills Bancorp") pursuant to the Agreement and Plan of Merger, dated as of September 20, 2018 (the "Merger Agreement"). Subject to the terms of the Merger Agreement, Blue Hills Bancorp will merge with and into Independent, with Independent surviving the merger, and Blue Hills Bank will merge with and into Rockland Trust Company, with Rockland Trust Company surviving the merger. At the effective time of the merger, Blue Hills Bancorp's stockholders will receive in exchange for each share of Blue Hills Bancorp common stock, (i) $5.25 in cash and (ii) 0.2308 of a share of Independent common stock in accordance with the terms and conditions of the Merger Agreement. The merger remains subject to regulatory approval Show less Read more
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