MIDDLEBORO, Mass., Sept. 20, 2013 /PRNewswire/ -- Mayflower
Bancorp, Inc. (NASDAQ Global Market: MFLR), the holding company for
Mayflower Bank, 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 the Federal Deposit Insurance Corporation
(FDIC) to applicable limits. All amounts above those limits are
insured in full by the Share Insurance Fund (SIF) of Massachusetts. For further information on
Mayflower Bancorp, Inc. please visit www.mayflowerbank.com.
Forward Looking Statements
Certain statements contained in this press release that are
not statements of historical fact constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, notwithstanding that such statements are not
specifically identified. Words such as "believes," "anticipates,"
"expects," "intends," "targeted," "continue," "remain," "will,"
"should," "may" and other similar expressions are intended to
identify forward-looking statements but are not the exclusive means
of identifying such statements. Forward-looking statements are not
guarantees of future performance and involve certain risks,
uncertainties and assumptions which are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements.
All subsequent written and oral forward-looking statements
concerning the proposed transaction or other matters and
attributable to Mayflower Bancorp or any person acting on its
behalf are expressly qualified in their entirety by the cautionary
statements referenced above. Forward-looking statements speak only
as of the date on which such statements are made. Mayflower Bancorp
undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which such
statement is made, or to reflect the occurrence of unanticipated
events.
SOURCE Mayflower Bancorp, Inc.
