By the Division of Banks





Event Detail


Event:
Independent Bank Corp., Rockland, Massachusetts - permission to acquire Central Bancorp. Inc., Somerville, Massachusetts
Type of Event:Public Hearing
Date:09/10/2012, 11:00 AM
Description:

THE COMMONWEALTH OF MASSACHUSETTS

BOARD OF BANK INCORPORATION
AND
DIVISION OF BANKS

INDEPENDENT BANK CORP. (the "Petitioner"), Rockland, Massachusetts, has petitioned the Board of Bank Incorporation (the "Board") pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire CENTRAL BANCORP, INC. ("Central"), Somerville, Massachusetts in a multi-step transaction. Central is the holding company for CENTRAL CO-OPERATIVE BANK, ("Central Bank"), Somerville, Massachusetts. The Petitioner is the holding company for ROCKLAND TRUST COMPANY, ("Rockland Trust"), Rockland, Massachusetts. An application has also been filed with the Division of Banks for approval of the subsequent merger of Central Bank with and into Rockland Trust.

In determining whether or not to approve the petition the Board and Division must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A public hearing will be given to all interested parties on the petition before the Board on Monday, September 10, 2012 at 11:00 a.m., in Hearing Room 1E, First Floor, 1000 Washington Street, Boston, Massachusetts.

All comments concerning this petition, however, must be filed with the Board or the Division by the close of business on Wednesday, September 19, 2012 at the following address. The applications and all communications relative to these matters are available for public inspection at the Division at 1000 Washington Street, 10th Floor, Boston, MA 02118-6400.

Board of Bank
Incorporation

David J. Cotney
______________________
Commissioner of Banks


Amy Pitter
______________________
Commissioner of Revenue


Steven Grossman
______________________
Treasurer and Receiver-General


 

Written comments:

accepted until: 09/19/2012

Location:1000 Washington Street
Hearing Room 1E
First Floor
Boston, Massachusetts
Contact:DOB -- Massachusetts Division Of Banks
 
Registration:No Registration
Fee:none