Exactly how One or two Acquisitions Place Rockland Trust Up for achievement
Making the bank Just after 2 decades, Ceo Christopher Oddleifson Looks Back
Rockland Believe President Christopher Oddleifson piloted the bank using 11 acquisitions you to turned the college on an excellent survivor of lender integration, rather than a statistic.
When Christopher Oddleifson grabbed more since the Rockland Trust Co.is why Ceo for the 2003, Massachusetts got more twice as of several financial institutions based on county than simply it does today.
Since over 100 mergers in the two decades shrank this new nation’s banking globe, Rockland Trust perform become an option profile during the financial consolidation, a strategy one to Oddleifson said possess saved the lending company.
As i featured through the windshield ahead in 2003, We told you, M&A needs to be opportunistic,’ Oddleifson told you. Since We try the brand new rearview reflect 20 years afterwards, I could point out that when we did not create measure having men and women acquisitions, i probably would was one of many lender statistics once the well.
How A couple Acquisitions Set Rockland Believe Upwards for success
Financial acquisitions helped Rockland Believe build from a good $dos.step three million-asset lender whenever Oddleifson found its way to to presenting nearly $20 billion into the property now. Oddleifson stepped off of his part as Chief executive officer of bank and its own moms and dad team, Independent Financial Corp., with the Feb. six and can retire on the bank immediately following becoming on in consultative character from the stop of the year.
Just after beginning their industry about mid-eighties from the a contacting agency dealing with numerous markets, and additionally banking, Oddleifson wished to reduce travel prior to the beginning out-of his first youngster. The guy tested potential in certain markets before taking a great employment on Signet Financial inside Virginia. (mais…)
