Independent Bank
Independent Bank Corporation is the holding company for Rockland Trust Company, a publicly traded regional bank (NASDAQ: IBCP) serving retail, small business, and commercial clients across New England with pending expansion into Michigan through the HCB Financial acquisition.
- Company typePublic
- Founded1987
- HeadquartersMckinney, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Independent Bank does
Independent Bank Corporation is the holding company for Rockland Trust Company, a publicly traded regional bank (NASDAQ: IBCP) headquartered in Boston, Massachusetts, serving retail consumers, small businesses, and commercial clients primarily across New England with pending expansion into Michigan. The company operates a full-service banking platform encompassing personal banking (checking, savings, CDs, credit cards), consumer lending (mortgage, auto, personal, home equity, recreational), small business banking, commercial banking (C&I loans, commercial real estate, treasury management), specialty banking verticals (healthcare, franchise finance, government, equipment finance), and wealth management including a Premier Private Client Group for high-net-worth customers.
Distribution is delivered through the Rockland Trust branch network complemented by digital channels including the mobile app with Zelle integration, digital wallet support (Apple Pay, Google Pay, Samsung Pay), and account-opening tools. The company pursues a traditional regional bank revenue model anchored in net interest income from loans and securities net of deposit costs, supplemented by non-interest fee income from deposits, loans, treasury management, merchant services, and wealth advisory.
The company has actively pursued inorganic growth, completing the acquisition of Enterprise Bancorp (Enterprise Bank) on July 1, 2025, and announcing a definitive agreement in March 2026 to acquire HCB Financial Corp. (parent of Highpoint Community Bank) for approximately $70.2 million to enter Michigan. Forward 2026 guidance projects mid-single-digit commercial and industrial loan growth and a net interest margin of 3.85%–3.90%. Capital return to shareholders is reflected in the 8.5% quarterly dividend increase to $0.64 per share announced in March 2026.
Independent Bank firmographics
Firmographics- Name
- Independent Bank
- Legal name
- SouthState Bank, N.A.
- Website
- https://independent-bank.com
- Company type
- Public
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Independent Bank Corporation is the holding company for Rockland Trust Company, a publicly traded regional bank (NASDAQ: IBCP) serving retail, small business, and commercial clients across New England with pending expansion into Michigan through the HCB Financial acquisition.
- Ownership category
- akta.pro rank
Independent Bank industry classification
Industry- Product category
- Regional Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where Independent Bank is headquartered
LocationHeadquarters
- HQ city
- Mckinney
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Independent Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Traditional banking interest income from loans and securities minus interest paid on deposits, generating the majority of revenue
- Non-Interest Income: Fee income from deposits, loans, and other banking services including fee income growth noted in Q3 2025 results
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly Dividend - $0.64 per share |
Distribution channels2 records
Marketing channels2 records
Independent Bank product offering
Product offeringCore offering
Independent Bank is a regional bank holding company that provides full-service banking through personal, small business, commercial, and wealth management lines. Core offerings include checking, savings, CDs, credit cards, mortgage, auto, personal, home equity, and recreational loans, alongside treasury management, merchant services, specialty commercial banking, and wealth management for high-net-worth clients. The bank serves customers through a branch network, digital and mobile banking platforms, and relationship-based commercial banking teams.
Product overview
SouthState Bank (formerly including Independent Bank Group post-merger) operates as a full-service regional bank offering a platform-plus-modules architecture. The core banking platform encompasses personal, commercial, and wealth management services, supported by specialized divisions including Treasury Management, Merchant Services, and Specialty Banking (covering commercial real estate, healthcare, franchise finance, and government sectors). Digital banking is delivered through the SouthState Mobile App with features including Zelle, digital wallet payments, and Round Up to Save. The product portfolio integrates checking/savings accounts, diverse lending products (mortgage, auto, personal, SBA), merchant services, and comprehensive wealth management including the Premier Private Client Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking
Quantifiable outcome
- Q4 2025 adjusted operating EPS of $1.70 vs forecast $1.65
- +3 more outcomes
Companies that use Independent Bank
Customer profileSegments2 records
Ideal customer profiles4 records
Independent Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Independent Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- HCB Financial Corp (Highpoint Community Bank)coreIndependent Bank announced definitive merger agreement to acquire HCB Financial Corp, parent company of Highpoint Community Bank, in a transaction valued at approximately $70.2 million. The deal is expected to close in early Q3 2026, subject to regulatory and shareholder approvals, and will expand Independent Bank's presence in Michigan.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Independent Bank competitors and assessment
Company assessmentDirect peers
- Eastern Bankshares: Massachusetts-headquartered community-oriented bank with comparable deposit, mortgage, and commercial lending franchise serving similar New England SMB and consumer customers.
- Brookline Bancorp: New England-focused bank holding company with a similar mix of commercial lending, retail deposits, and wealth services targeting Massachusetts and contiguous markets.
- Cambridge Bancorp: Massachusetts-based community and commercial bank offering deposit, lending, and wealth products to similar SMB, commercial, and consumer customers in overlapping geographies.
- Berkshire Hills Bancorp: New England regional bank with comparable commercial banking, retail, and wealth management offerings; similar size band and customer mix in the Northeast.
Regional players
- Washington Trust Bancorp: Rhode Island-based bank holding company with comparable commercial lending, mortgage, and wealth management services to consumers and businesses in the broader New England footprint.
- S&T Bancorp: Pennsylvania-based community bank with similar mix of commercial lending, retail deposits, and wealth services, useful as a regional-bank benchmark outside New England.
- Tompkins Financial: Upstate New York and Mid-Atlantic regional bank with a comparable community/commercial banking model and similar revenue and asset scale.
- Sandy Spring Bancorp: Mid-Atlantic regional bank with parallel commercial, retail, and wealth management offerings and a similar approach to selective in-market M&A.
Broad incumbents
- Webster Financial: Connecticut-headquartered commercial bank with a comparable commercial, retail, and HSA-focused franchise operating across New England and adjacent markets.
- FNB Corporation: Multi-state regional bank with a comparable diversified mix of commercial banking, retail deposits, and wealth, serving as a useful scaled-up benchmark for an acquisitive community bank model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Independent Bank social profiles
Digital presenceIndependent Bank compliance and trust
Trust signalCompliance3 records
Independent Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Independent Bank leadership team
Management profileNumber of profiles
Profiles1 record
Independent Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
Independent Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Independent Bank M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Independent Bank
What does Independent Bank do?
Independent Bank is a regional bank holding company that provides full-service banking through personal, small business, commercial, and wealth management lines. Core offerings include checking, savings, CDs, credit cards, mortgage, auto, personal, home equity, and recreational loans, alongside treasury management, merchant services, specialty commercial banking, and wealth management for high-net-worth clients. The bank serves customers through a branch network, digital and mobile banking platforms, and relationship-based commercial banking teams.
Is Independent Bank a public or private company?
Independent Bank is a public company. It is classified as public and is currently operating.
When was Independent Bank founded?
Independent Bank was founded in 1987. It employs 1,001 to 5,000 people.
Where is Independent Bank based?
Independent Bank is headquartered in Mckinney, United States, in the North America region.
How does Independent Bank make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income.
Who are Independent Bank's main competitors?
Direct peers on record are Eastern Bankshares, Brookline Bancorp, Cambridge Bancorp and Berkshire Hills Bancorp. Regional players are Washington Trust Bancorp, S&T Bancorp, Tompkins Financial and Sandy Spring Bancorp. Broad incumbents are Webster Financial and FNB Corporation.
Does Independent Bank have an API?
No public API is recorded for Independent Bank.
What industry is Independent Bank in?
Independent Bank's product category is Regional Banking. Its primary akta.pro industry code is FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.