Cod, Rockland (Mass.) Trust Co. is finally entering the coveted Cape market by purchasing 12 Fleet Financial Group branches.

Rockland Trust, a $1.5 billion-asset thrift, this week became the latest beneficiary of Fleet's merger-induced divestiture, announcing a deal to buy 10 branches on Cape Cod and two in Brockton, Mass. Thrift officials said the resort region fits nicely with its 34-branch network, spread over three counties south of Boston.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.