Rockland Trust's merger with Enterprise Bank is set to impact 125 local jobs as it plans to integrate operations by the end of the year. While job cuts are inevitable due to overlapping roles, Rockland Trust has committed to supporting displaced employees through training and job fairs. The merger will bolster Rockland Trust's assets significantly, enhancing its market position. Enterprise Bank's branches will continue to operate, reflecting a strategic continuation of services as the banks consolidate resources.
The merger between Rockland Trust and Enterprise Bank will lead to the loss of 125 jobs, with Rockland Trust extending offers to over 71% of affected employees.
Rockland Trust plans to support the transition for Enterprise colleagues with job fairs, training workshops, and a commitment to transparency and care.
As a result of the merger, Rockland Trust will increase its total assets to about $25 billion, strengthening its presence in the region.
Rockland Trust's president emphasized the banks' shared belief in making a positive difference in the lives of local families and businesses.
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