Market Overview

Mayflower Bancorp Shareholders Approve Pending Merger With Independent Bank Corp.; Board Of Directors Declares Dividend

Mayflower Bancorp, Inc. (NASDAQ: MFLR) today announced today that its shareholders overwhelmingly approved Mayflower Bancorp's pending merger with Independent Bank Corp., parent of Rockland Trust Company, at its annual meeting of shareholders held earlier today. Shareholders also re-elected E. Bradford Buttner, Diane A. Maddigan, Edward J. Medeiros and David R. Smith as directors of the Company and approved the other matters submitted for consideration at the annual meeting.

The merger is expected to close in the fourth quarter of 2013 subject to the receipt of regulatory approval and the satisfaction of other customary closing conditions.

The Company also reported that its Board of Directors has declared a quarterly cash dividend of $0.06 per share to be payable on October 18, 2013, to shareholders of record as of October 4, 2013.

About Mayflower Bancorp, Inc.

Mayflower Bancorp, Inc. is the holding company for Mayflower Bank which specializes in residential and commercial lending and traditional banking and deposit services. The Company currently serves southeastern Massachusetts from its main office in Middleboro and maintains additional full-service offices in Bridgewater, Lakeville, Plymouth, Rochester, and Wareham, Massachusetts. All of the Company's deposits are insured by

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Posted-In: News Guidance Asset Sales M&A Global

 

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