Five Things: Rockland Trust Buys Somerville's Central Bank
Plus, Somerville's top Girl Scout cookie sellers and a night for bacon lovers.
1) Central Bank merges with Rockland Trust Rockland Trust Company and Somerville's Central Bank announced Monday that Rockland Trust was acquiring Central Bank in a transaction valued at about $54.8 million. Central Bank, headquartered in Somerville, has in full-service offices in Somerville, Arlington, Burlington, Chestnut Hill, Malden, Medford, Melrose and Woburn, the announcement says. Independent Bank Corp., which owns Rockland Trust and is based out of Rockland, Mass., has about $5 billion in assets, 67 retail branches and a handful of commercial lending and mortgage banking centers in eastern Massachusetts and Cape Cod, according to Banker & Tradesman. 2) A top cookie seller Somerville Girl Scout Olivia Browne sold 535 boxes of Girl …
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