Independent Bank Corp is the holding company for Rockland Trust, a Massachusetts-chartered community bank headquartered in Rockland, MA. Rockland Trust operates over 150 retail branches primarily across Eastern Massachusetts, Worcester County, and southern New Hampshire. The bank's core business is lending to small and mid-sized businesses and consumers in its local markets, funded by in-market core deposits gathered through its branch network. Commercial lending is the largest business, comprising roughly 76% of average loans, with a mix of commercial real estate, C&I, and small business loans. The remaining ~24% of loans are consumer-oriented, including residential mortgages and home equity products. Rockland Trust also runs a wealth management business with roughly $9.2B in assets under administration, offering investment management, financial planning, estate planning, tax preparation, and insurance services. The bank earns primarily through net interest income — the spread between loan yields and deposit costs — with loans generating roughly 90% of total interest income. Rockland Trust's deposit franchise is a key competitive advantage, with a low-cost core deposit base anchoring profitability. Strategically, the bank is shifting its loan mix away from transactional CRE toward C&I and relationship banking. In July 2025, Rockland Trust acquired Enterprise Bancorp for ~$503M, adding ~$4.1B in loans and ~$4.4B in deposits. Management is focused on integrating Enterprise and completing a core systems conversion planned for May 2026, while targeting 30% cost saves on the Enterprise expense base.