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Independent Bank Corp., Meridian Bancorp, Inc. Receive Shareholder Approval for Merger

August 06, 2021, 07:00 AM
Filed Under: Mergers & Acquisitions

Independent Bank Corp., parent of Rockland Trust Company, and Meridian Bancorp, Inc., parent of East Boston Savings Bank, jointly announced that, at their respective special meetings of shareholders, they each received the necessary shareholder approvals for the consummation of the merger pursuant to which Independent will acquire Meridian.

Completion of the transaction remains subject to regulatory approval and the satisfaction of the other customary closing conditions set forth in the merger agreement. Independent and Meridian currently anticipate completing the transaction in the fourth quarter of 2021.

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