Independent Bank Corp. Announces Trust Preferred Quarterly Dividends

    Business Editors

    ROCKLAND, Mass.--(BUSINESS WIRE)--March 10, 2005--Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced that the trustees of its subsidiary business trusts, Independent Capital Trust III and IV, have declared quarterly distributions on their trust preferred securities as follows:

Dividend Security Description Amount Record Date Payable per Date Preferred Security

8.625% Cumulative Trust Preferred Securities of Independent Capital Trust III (NASDAQ: INDBN) $0.5390625 03/30/2005 03/31/2005

8.375% Cumulative Trust Preferred Securities of Independent Capital Trust IV (NASDAQ: INDBM) $0.5234375 03/30/2005 03/31/2005

    Independent Bank Corp.'s sole bank subsidiary, Rockland Trust Company, currently has $2.9 billion in assets. Rockland Trust Company is a full-service community bank serving southeastern Massachusetts and Cape Cod. To find our more about the products and services available at Rockland Trust Company, please visit our website at www.RocklandTrust.com.

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CONTACT: Independent Bank Corp. Christopher Oddleifson, 781-982-6660 Denis K. Sheahan, 781-982-6341

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: BANKING DIVIDEND SOURCE: Independent Bank Corp.

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