Independent Bank Corp. 7.25% 01-APR-2035Independent Bank Corp. 7.25% 01-APR-2035Independent Bank Corp. 7.25% 01-APR-2035

Independent Bank Corp. 7.25% 01-APR-2035

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INDB6035472 analysis



Key facts


Issue date
Mar 25, 2025
Maturity date
Apr 1, 2035
Outstanding amount
‪300.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
7.25% (Variable)
Yield to maturity
7.15%
Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in the sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties, residential mortgages that are secured primarily by owner-occupied residences, and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.
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