Day Pitney Advises Independent Bank Corp. in $24.5 Million Acquisition of Island Bancorp, Inc.

Publisher: Day Pitney Press Release

October 21, 2016

Day Pitney LLP represented Independent Bank Corp. (Nasdaq: INDB), parent of Rockland Trust Company, in an agreement to acquire Island Bancorp, Inc., parent of Edgartown National Bank, for $24.5 million. Rockland Trust intends to operate all Edgartown National Bank branches when the transaction closes. The parties anticipate that the consummation of the transaction will occur in the second quarter of 2017.

The Day Pitney team was led by Michael Rave, Richard Leu and Kendall Wilson. Steve Ziobrowski, David Doyle and Andrew Wogman also assisted on the transaction.

Day Pitney has also advised Independent Bank Corp. on the acquisition of New England Bancorp, Inc., parent of Bank of Cape Cod, and Peoples Federal Bancshares, Inc., parent of Peoples Federal Savings Bank.

September 29, 2020

Day Pitney Attorneys Alfred Marks and Michael Lane co-authored an article, "Spokeo, Inc. v. Robins: An Underutilized Defense Against Claims Brought Under Federal Consumer Finance Statutes," for The Banking Law Journal.

Banking Agencies Issue Examiner Guidance on Assessing the Safety and Soundness of Banks Due to Impact of COVID-19

June 24, 2020

Day Pitney Alert

COVID-19 Temporary Relief: New York-Regulated Banks Required to Grant 90-Day Forbearances for Some Borrowers

March 25, 2020

Day Pitney Alert

Negotiating with Fintechs – Beyond Due Diligence

On February 20, Michael Rave and Michael Dunne spoke at FinXTech R.O.D.E., a conference presented by Autobooks, Bank Director and Microsoft and held at the Advanced Technology Development Center in Atlanta, GA.

February 20, 2020

FinXTech R.O.D.E., Advanced Technology Development Center, Atlanta, GA

Public & Private Capital Raising: How To Fund Your Bank for Growth and/or Change

On January 27, Michael Rave will be speaking on "Public & Private Capital Raising: How To Fund Your Bank for Growth and/or Change" at Bank Director's annual conference, Acquire or Be Acquired, in Phoenix, AZ.

January 27, 2019

Acquire or Be Acquired, Bank Director's Annual Conference, Phoenix, AZ

Day Pitney, ICSGroup and CohnReznick Sponsor Private Investment Fund Seminar

December 7, 2017

On December 7, Day Pitney, ICSGroup and CohnReznick co-sponsored "Launching a Private Fund: What You Need to Know."

FINRA's Capital Acquisition Broker Rules Face Tough Sell

September 12, 2016

Eliza Fromberg was quoted in an article, "FINRA's Capital Acquisition Broker Rules Face Tough Sell," in Law360.

Introduction of Regulation Crowdfunding

July 20, 2016

Eliza Fromberg was quoted in an article, "Introduction of Regulation Crowdfunding" in Financier Worldwide Magazine.

Day Pitney Advises SBT Bancorp in Offering to Expand

November 10, 2015

Hartford, Conn, November 10, 2015 – Day Pitney is advising SBT Bancorp, Inc. (OTCQX: SBTB), the holding company for The Simsbury Bank & Trust Company, Inc. today in pricing a $8.4 million offering of 400,000 shares of its common stock at a public offering price of $21.00 per share.

"Fine Print – The Deal’s Not Done Until the Paperwork is Finished," Exit Planning Exchange Connecticut (XPX CT): Fairfield and Hartford Chapter

On March 19, Partner Brian Fischer served as a panelist for the Exit Planning Exchange Connecticut (XPX CT): Fairfield and Hartford Chapter joint event, "Fine Print – the Deal's Not Done Until the Paperwork is Finished."

March 19, 2021