New England Bancorp, Inc., the holding company for Bank of Cape Cod, announced that at a special meeting of stockholders held on July 27, 2016, New England Bancorp’s stockholders overwhelmingly approved the pending merger of New England Bancorp with and into Independent Bank Corp, parent company of Rockland Trust. More than 95% of voting shareholders cast votes in favor of the merger.
The proposed transaction, which is subject to federal and state regulatory approval and satisfying customary closing conditions, is expected to close in the fourth quarter of 2016.
About New England Bancorp, Inc.
New England Bancorp, Inc. has approximately $260 million in assets and is the holding company for Bank of Cape Cod. Bank of Cape Cod is a full-service community bank that offers a variety of deposit products and mortgage loans for the construction, purchase, and refinancing of residential and commercial real estate as well as other commercial and consumer loans of various types. Bank of Cape Cod operates four full-service offices in the Massachusetts communities of Hyannis, Falmouth and Osterville.