Exhibit 99.1
INDEPENDENT
BANK CORP.
Shareholder Relations | NEWS RELEASE | |||
| 288 Union Street, Rockland, MA 02370 | ||||
| Contact: | ||||
| Christopher Oddleifson President and Chief Executive Officer (781) 982-6660 | ||||
| Denis K. Sheahan Chief Financial Officer and Treasurer (781) 982-6341 | ||||
FOR IMMEDIATE RELEASE
INDEPENDENT BANK CORP. ANNOUNCES AN 8% INCREASE IN
QUARTERLY DIVIDEND
Rockland, MA (March 11, 2004) — The Board of Directors of Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced a $0.14 per share dividend, an increase of 8% over prior quarter, which will be payable on April 9, 2004, to stockholders of record as of the close of business on March 26, 2004.
Independent Bank Corp.’s sole bank subsidiary, Rockland Trust Company, currently has $2.4 billion in assets, 52 retail branches, seven commercial lending centers, three investment management offices, and three residential lending centers located in Plymouth, Barnstable, Norfolk and Bristol counties of southeastern Massachusetts. For more information, please visit our website atwww.rocklandtrust.com.
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