# Jeffrey Tengel

> Jeffrey J. Tengel is president and chief executive officer of Rockland Trust Company and its parent, Independent Bank Corp. He joined in February 2023 after leadership roles at National City, PNC, People’s United and M&T. His career combines commercial lending, acquisition integration and an emphasis on employee and customer relationships; his civic commitments include FamilyAid and regional business organizations.

- **Role:** President and Chief Executive Officer at Rockland Trust Company and Independent Bank Corp.
- **Organizations:** Rockland Trust Company, Independent Bank Corp., FamilyAid, Massachusetts Business Roundtable, The New England Council, Greater Boston Chamber of Commerce, People’s United Financial (former), M&T Bank (former), PNC Bank (former), National City Bank (former), Quinnipiac University (former trustee), Wakeman Boys & Girls Club (former director), Kolbe Cathedral High School (former director)
- **Education:** Bachelor of Science in Accounting, Marquette University, Master of Business Administration, Weatherhead School of Management, Case Western Reserve University
- **Known for:** During his twelve years at People’s United, its commercial loan portfolio grew from $9 billion to $33 billion through organic growth, acquisitions, initiatives and products., Expanded People’s United commercial offerings and helped integrate acquisitions before becoming president in 2018., Selected in a nationwide search to succeed Christopher Oddleifson as Rockland Trust CEO in 2023.

## Career timeline

- **Before 2010** — Spent 24 years at National City, ultimately serving on its executive management team and as executive vice president of corporate banking; subsequently worked at PNC following the acquisition.
- **2010** — Joined People’s United in February; was selected to assume Brian Dreyer’s commercial banking responsibilities at year-end.
- **2018** — Appointed president of People’s United in May, overseeing the bank’s business lines.
- **2022–2023** — Served as M&T senior executive vice president and head of commercial specialty banking after M&T acquired People’s United in April 2022.
- **2023** — Became CEO and president of Independent Bank Corp. and CEO of Rockland Trust in February; joined both boards.
- **2024** — FamilyAid publicly announced his appointment to its board in April.
- **2025** — Added the presidency of Rockland Trust in June; Independent completed the Enterprise acquisition on July 1.

## Achievements

- During his twelve years at People’s United, its commercial loan portfolio grew from $9 billion to $33 billion through organic growth, acquisitions, initiatives and products.
- Expanded People’s United commercial offerings and helped integrate acquisitions before becoming president in 2018.
- Selected in a nationwide search to succeed Christopher Oddleifson as Rockland Trust CEO in 2023.
- Led Independent and Rockland Trust during the 2025 Enterprise combination, adding 27 branches in northern Massachusetts and southern New Hampshire.

## Latest updates

- **2026-10** — Independent reported third-quarter net income of $89.7 million and $25.0 billion in total assets as of September 30, 2026.
- **2026-10** — Tengel explained the postponement of the bank’s core systems upgrade from October 2026 to February 2027 to allow further preparation and limit customer disruption.
- **2025-07** — Independent completed the Enterprise acquisition, adding 27 branches.
- **2025-06** — Became president of Rockland Trust in addition to his existing CEO and parent-company roles.

## Links

- Website: https://www.rocklandtrust.com
- LinkedIn: https://www.linkedin.com/in/jeffrey-tengel-88426410

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Profile page: https://yespress.io/jeffrey-tengel
Published by YesPress — https://yespress.io
Last updated: 2026-10-24