Independent Bank Corp. (INDB)

52.35 -0.57 (-1.08%) At close: 04:00PM EDT

Independent Bank Corp.

288 Union Street
Rockland, MA 02370
United States
781 878 6100
https://www.rocklandtrust.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 1,787

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jeffrey J. Tengel	President, CEO & Director	3.2M	N/A	1963
Mr. Mark J. Ruggiero	Chief Financial Officer	1.02M	N/A	1977
Ms. Maria S. Harris	Executive VP & Chief Human Resource Officer of Rockland Trust Company	611.88k	N/A	1971
Mr. James Rizzo	Executive VP & Chief Commercial Banking Officer of Rockland Trust Company	582.16k	N/A	1963
Mr. David Byron Smith C.F.A.	Executive VP & Chief Investment Officer	N/A	N/A	N/A
Ms. Maureen A. Gaffney	Senior VP, Controller & Principal Accounting Officer	N/A	N/A	1979
Ms. Patricia M. Natale Esq.	Executive VP & General Counsel	N/A	N/A	1966
Mr. Alastair Ironside	Executive VP & Chief Marketing Officer	N/A	N/A	N/A
Timothy C. Lane	Senior VP & Chief Internal Auditor	N/A	N/A	N/A
Ms. Dawn A. Mugford	Executive VP & Chief Risk Officer	N/A	N/A	1971

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

Corporate governance

Independent Bank Corp.’s ISS governance QualityScore as of 1 April 2024 is 3. The pillar scores are Audit: 3; Board: 2; Shareholder rights: 6; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.