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By October 2016, Rockland Trust was wholly owned by Independent Bank Corp and had $7.5 billion in assets. It also employed around 1,000 people, and had a loan limit of $100 million. [5] That month, the company acquired the Bank of Cape Cod. It had plans to begin offering wealth management services through its wealth management division. [5]
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The bank provides financial services including private banking, checking, deposit, and savings accounts. In addition, Salem Five Bank also offers mortgages, HELOCs, insurance, and commercial lending such as aviation and construction loans. The company headquarters is located at 210 Essex Street in Salem, Massachusetts. [1] [2]
The benefits of an online bank often include higher rates of return and fewer fees than those of a brick-and-mortar bank. For anyone who prefers an online bank and plans to make frequent cash ...
Meanwhile, if you put that money in a savings account at an online bank paying 5 percent, you would earn more than $1,381, for a total of $6,381.41 after five years.
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