Luse Gorman, PC advised Meridian Bancorp, Inc. on the deal.
Meridian Bancorp, Inc., Peabody, Massachusetts, announced the signing of a definitive merger agreement with Independent Bank Corp., Rockland, Massachusetts, pursuant to which Meridian will merge with and into Independent. Meridian shareholders will receive 0.275 of a share of Independent common stock for each share of Meridian common stock. The total merger consideration is valued at approximately $1.2 billion.
Meridian is the holding company for East Boston Savings Bank, which operates 43 branches in the greater Boston metropolitan area.
Independent is the holding company for Rockland Trust Company, which operates 100 retail branches, lending centers and investment management offices in eastern Massachusetts and Rhode Island.
Luse Gorman is legal counsel to Meridian in the transaction. The Luse Gorman team consists of Lawrence Spaccasi (Picture), Ned Quint, Kent Krudys, Max Seltzer and Zachary Davis.
Law Firms: Luse Gorman, PC;
Clients: Meridian Bancorp, Inc.;