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December 19, 2019

Rockland Trust sells former Milford National Bank building for $3M

Photo | Google The former Milford National Bank headquarters in Milford

Milford National Bank's former headquarters on East Main Street in Milford has sold a year after the bank was bought by Rockland Trust.

Rockland Trust sold the building for $2.6 million in a Nov. 15 deal to Robert Littleton, the founder and president of Beacon ABA Services, a provider of services for children with developmental challenges. The firm has a location a mile from the former bank headquarters at 321 Fortune Blvd., among six other facilities in Massachusetts.

Littleton didn't return calls seeking comment. Rockland Trust said it continues to use 300 East Main St. for a retail branch and other offices.

The 1.5-acre site at 300 E. Main St. was last assessed by the Town of Milford at $2.5 million. The building includes nearly 34,000 square feet of space.

The property last changed hands in a foreclosure sale in 1992 for $1.4 million.

Rockland Trust closed on its purchase of Milford National Bank in November 2018. The $54-million deal brought Milford National Bank's three branches and $301 million in deposits into the fast-growing South Shore bank.

Milford National Bank was founded in 1854.

Rockland Trust now has over $7.5 billion in deposits, 85 branches, 13 commercial lending centers, and 8 investment management offices, including a commercial lending and investment management office in downtown Worcester.

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