Rockland Trust Company and its bank holding company parent Independent Bank Corp. announced the appointment of Jeffrey J. Tengel as the successor to current Chief Executive Officer, Christopher Oddleifson, effective on or about February 6, 2023. Oddleifson has served as the Bank's CEO since 2003.

Under his leadership, Rockland Trust has grown total assets from just over $2 billion to nearly $20 billion and expanded from its southeastern Massachusetts roots to a bank with over 120 retail branches, commercial and residential lending centers, and investment management offices. The appointment of Tengel is the culmination of a thoughtful, thorough CEO succession planning process that involved a nationwide search. A special committee of the Board, comprised of independent directors, oversaw CEO succession planning, assisted by a preeminent leadership consulting firm.

Following Tengel's formal appointment as CEO, Oddleifson will remain with Rockland Trust in an executive advisory role until the end of 2023. engel most recently served as Senior Executive Vice President, Head of Commercial Specialty Banking at M&T Bank. Prior to M&T's recent acquisition of People's United Financial, Tengel was President of People's United where he was responsible for commercial banking, retail banking, and wealth management.

He joined People's United in 2010 from PNC Bank where he worked following PNC's acquisition of National City Bank. At National City, Tengel served as Executive Vice President of Corporate Banking, managing the specialized industry, capital markets, commercial real estate, equipment finance, and private equity business lines. Tengel received his Bachelor of Science degree in accounting from Marquette University and his M.B.A. from the Weatherhead School of Management at Case Western Reserve University.

He currently serves on the Board of Trustees of Quinnipiac University.