INDEPENDENT BANK CORP (INDB)
Sector: Financials
Sector: Financials
INDEPENDENT BANK CORP - Executive Compensation
CEO and President
Executive Compensation
Jeffrey Tengel is the President and Chief Executive Officer of Independent Bank Corp., a leading regional bank holding company headquartered in Rockland, Massachusetts, and parent to Rockland Trust Company. With more than 25 years of experience in financial services, Tengel has built a distinguished career in banking leadership, finance, and strategic operations. Prior to joining Independent Bank in March 2016 as Executive Vice President and Chief Financial Officer, he served as EVP and CFO at People's United Bank from 2013 to 2016, where he spearheaded financial planning, capital management, and key strategic initiatives. Earlier, from 1999 to 2013, he held progressive finance roles at Webster Financial Corporation, including Senior Vice President of Finance and Treasurer, honing his expertise in mergers, acquisitions, and regulatory compliance. In January 2018, Tengel was promoted to President and Chief Operating Officer at Independent Bank Corp., overseeing all business lines and operational functions. He advanced to President and CEO in April 2021, guiding the company through periods of growth and transformation. Under his leadership, Independent Bank has delivered strong financial results, including consistent revenue growth, expanded market share in New England, and enhanced digital banking capabilities. Tengel has overseen successful deposit and loan portfolio expansions, maintained robust asset quality, and prioritized shareholder returns through dividend increases and share repurchases. A graduate of Bentley University with a B.S. in Finance and Babson College with an MBA, Tengel is recognized for his strategic vision and commitment to community banking. His achievements include navigating economic challenges like the COVID-19 pandemic while fostering innovation and customer-centric strategies, positioning Independent Bank Corp. as a resilient leader in the industry.