Benjamin Franklin Bancorp Shareholders Approve Merger with Independent Bank Corp.
13 February 2009 - 1:00AM
Business Wire
Benjamin Franklin Bancorp, Inc. ("Benjamin Franklin") (Nasdaq:
BFBC), the bank holding company for Benjamin Franklin Bank,
announced today that at a Special Meeting of Shareholders held on
February 11, 2009, Benjamin Franklin shareholders voted to approve
the Agreement and Plan of Merger providing for the acquisition of
Benjamin Franklin by Independent Bank Corp. The number of shares of
Benjamin Franklin common stock voting to approve the merger
agreement represented approximately 95.0% of the shares voted and
72.0% of the total number of outstanding shares. The transaction is
subject to the approval of Independent Bank Corp. shareholders,
regulatory approval and other standard conditions.
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. These statements
are subject to risks and uncertainties, and actual results may
differ materially from these statements. Such statements include,
but are not limited to, the satisfaction of closing conditions to
the transaction, including the receipt of regulatory approvals.
Benjamin Franklin Bancorp wishes to caution readers not to place
undue reliance on any forward-looking statements. Benjamin Franklin
Bancorp disclaims any intent or obligation to update publicly any
such forward-looking statements, whether in response to new
information, future events, or otherwise. All forward-looking
statements are qualified in their entirety by this cautionary
statement.
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