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In the News Press Release

Day Pitney Advises Independent Bank Corp. in Acquisition of New England Bancorp, Inc.

Publisher: Day Pitney Press Release
March 18, 2016

Parsippany, NJ, March 18, 2016 – Day Pitney LLP is representing Massachusetts-based Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, in its $30.7 million acquisition of New England Bancorp. Inc., parent of Bank of Cape Cod.

Under the merger agreement each share of outstanding New England Bancorp common stock will be exchanged for 0.25 of a share of Independent common stock. The boards of directors of each company have unanimously approved the transaction. The transaction is subject to standard closing conditions. The parties anticipate that the closing of the transaction will occur in the fourth quarter of 2016.

Corporate partner Michael Rave, senior counsel Richard Leu and associate Kendall Wilson are leading the Day Pitney team in the transaction with the assistance of partners David Doyle, Stephen Ziobrowski and counsel Andrew Wogman.
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BLR Webinar New Laws with Major Impact on Employers Operating in New Jersey Taking Effect: What You Need to Know to Comply

On April 24, Francine Esposito and Laura Schuman delivered a Business & Legal Resources (BLR)'s webinar entitled "New Laws with Major Impact on Employers Operating in New Jersey Taking Effect: What You Need to Know to Comply."

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Are You Expecting PPP Loan Forgiveness? Don’t Forget This Step
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Day Pitney advisory, "You Have the COVID-19 PPP Loan – Know the Rules to Maximize Forgiveness," authored by Susan R. Huntington, Richard D. Harris and Michael J. Dune, was mentioned in Forbes article "Are You Expecting PPP Loan Forgiveness? Don't Forget This Step."

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Day Pitney Represents Valley National Bancorp in its Proposed Acquisition of Oritani Financial Corp.
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Day Pitney Represents 1st Constitution Bancorp in its Acquisition of Shore Community Bank
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Day Pitney LLP represented 1st Constitution Bancorp in connection with its merger agreement with Shore Community Bank, pursuant to which 1st Constitution will acquire Shore in a stock and cash transaction valued at $16.54 per share, or approximately $53.1 million in total consideration.

Day Pitney Represents SBT Bancorp, Inc. and its subsidiary, The Simsbury Bank & Trust Company, in their Merger Agreement with Liberty Bank
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Day Pitney Press Release
Related Professionals
Doyle, David
David P. Doyle
Parsippany, NJ
T: (973) 966 8136
Stephen Ziobrowski
Stephen Ziobrowski
Boston, MA
T: (617) 345 4648
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Boca Raton Delray Beach Miami West Palm Beach

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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.