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The bank traces its roots to First National Bank of Ionia, which was founded in 1864. In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia. in 1952, changed name to First Security Band. In 1974, Independent Bank Corporation was established as the bank holding company. [3]
A wholly owned subsidiary of Independent Bank Corp., [4] by October 2016, Rockland Trust had $7.5 billion in assets and employed around 1,000 people. [5] By April 2022, Rockland Trust had $20 billion in assets and employed around 1,100 people.
The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.
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The bank acquired Long Island City Savings and Loan Association in 1992. [4] Four years later, Independence Savings Bank acquired Bay Ridge Federal Savings Bank for $144 million in cash. [5] [6] In 1998, the bank converted from a mutual organization to a joint-stock company and became a public company via an initial public offering. [7]
The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.
2. Open an account in a different ownership category. If you want to keep all your money in one FDIC-insured bank, you may be able to insure deposits of more than $250,000 by opening different ...
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