---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000182"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:56:52.154161+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Corp. to acquire Enterprise Bancorp in stock-and-cash deal

## Summary
- Each Enterprise share to receive 0.60 INDB shares plus $2.00 cash; expected close H2 2025.
- Enterprise directors and officers holding ~20.42% of shares have agreed to vote in favor.
- Merger agreement unanimously approved by both boards; subject to regulatory and shareholder approval.
- Termination fee of $22.488M payable by Enterprise under certain circumstances.
- Two Enterprise directors to join Independent and Rockland Trust boards at closing.

## SEC filing metadata
- accession: 0000776901-24-000182
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000182/0000776901-24-000182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000182/indb-20241208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000182
- JSON: https://secwatch.observer/filing/0000776901-24-000182.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000182.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.