The bank was historically a community bank serving Eastern Massachusetts with consumer, commercial, and municipal banking services. It ceased independent operations following its acquisition.
Cyborg Score Rationale
Blue Hills Bank was acquired and fully absorbed into Rockland Trust Company in 2019. No current operations, financial data, or strategic positioning exist.
Top Insights
Merged into Rockland Trust in June 2019 after definitive merger agreement signed in September 2018
Last reported assets of $2.7 billion and deposits of $2.1 billion as of June 2018
Operated 11 branches across Massachusetts before merger
Historic institution founded in 1871 as Hyde Park Savings Bank
Recent Developments
(June 2019) Accounts transferred to Rockland Trust; bank ceased independent operations
(September 2018) Merger agreement announced between Blue Hills Bancorp and Independent Bank Corp. (parent of Rockland Trust)
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