Rockland Trust Company

Infobox_nrhp | name =Rockland Trust Company
nrhp_type =


caption =
location= Rockland, Massachusetts
lat_degrees = 42
lat_minutes = 8
lat_seconds = 10
lat_direction = N
long_degrees = 70
long_minutes = 54
long_seconds = 59
long_direction = W
locmapin = Massachusetts
area =
built =1917
architect= James,Thomas E. & Co.
architecture= Colonial Revival, Other
added = April 07, 1989
governing_body = Private
refnum=89000218cite web|url=http://www.nr.nps.gov/|title=National Register Information System|date=2008-04-15|work=National Register of Historic Places|publisher=National Park Service]

Rockland Trust Company [http://www.RocklandTrust.com] is a commercial bank based in Rockland, Massachusetts that serves Southeastern Massachusetts and Cape Cod. Established in 1907 [http://www4.fdic.gov/IDASP/main_bankfind.asp (search Rockland Trust Company)] as Rockland Trust Company, it is one of few local banks that retain their original name and independent ownership after more than 100 years. (Rockland Trust Company is the wholly-owned subsidiary of Independent Bank Corp., [http://www.rocklandtrust.com/About/InvestorRelations.aspx] which is publicly traded on NASDAQ (INDB).) Rockland Trust is the largest publicly traded commercial bank headquartered in Massachusetts, with $3.2 billion in assets and over 900 employees, and a network of more than 60 retail branches. Corporate headquarters are in Hanover, Massachusetts.

History

Rockland Trust's 1927 petition to open a branch in Hull, Massachusetts sparked a state-level debate on whether to allow "kangaroo banking" (banks opening branches in non-adjacent towns). The proposal was opposed by Alvan T. Fuller, then Governor of Massachusetts, and Hingham Trust, a bank based closer to Hull. The petition was finally granted by the Massachusetts legislature. [http://www.rocklandtrust.com/About/B&TArticle.pdf]

In 1910, Rockland Trust began offering "Automobile Banking" — an innovative program that offered banking services to nearby towns (including Hull) from the window of a special adapted car. The program was so well received that it continued through 1955.

In 2008, Rockland Trust merged with Slade's Ferry Bank, and the new entity retained the Rockland Trust name.

Historic building

On December 8, 1917 the bank opened a new Colonial Georgian building at 288 Union Street, Rockland, and the bank’s corporate headquarters were housed there until 2008. The building, which was expanded in 1924, was added to the National Historic Register in 1989. [http://www.nr.nps.gov/iwisapi/explorer.dll?IWS_SCHEMA=NRIS1&IWS_LOGIN=1&IWS_REPORT=100000044]

Recent acquisitions

*1992 - Middleboro Trust Company [http://www4.fdic.gov/IDASP/main_bankfind.asp (search Rockland Trust Company, then check “history” page)]
*2000 - Sovereign branches [http://www.fdic.gov/bank/individual/merger/2000/rmergers3.html]
*2004 - Falmouth Cooperative Bank [http://www.fdic.gov/bank/individual/merger/2004/rmergers4.html]
*2008 - Slades Ferry Trust Company [http://www4.fdic.gov/IDASP/confirmation_outside.asp?inCert1=18085]

=Additional

References

External links

* [http://www.RocklandTrust.com Rockland Trust Company]
* [http://www4.fdic.gov/IDASP/main_bankfind.asp FDIC re: Rockland Trust Company] includes documentation on date of founding, bank market share, and other current and historical data.
* [http://www.nr.nps.gov/iwisapi/explorer.dll?IWS_SCHEMA=NRIS1&IWS_LOGIN=1&IWS_REPORT=100000044 National Register Information System, National Register of Historic Places. National Park Service]
* [http://www.wickedlocal.com/rockland/archive/x1941732519 Some media coverage of 100th anniversary]
* [http://dansmall.vo.llnwd.net/o1/RocklandTrust/RocklandTrust100.pdf 100th anniversary newsletter issue (PDF)]