Small Business Banking Partnership
Rockland Trust is a proud participant in the Massachusetts Treasury's Small Business Banking Partnership.
Initiated in May 2011 by State Treasurer Steve Grossman, the Small Business Banking Partnership provides deposits to regional, community, and local banks that have demonstrated leadership in providing capital to creditworthy small businesses to help them expand and create new jobs. The partnership reinvests Treasury deposits into community banks, who in turn commit to increase their small business loan portfolios.
Through the Small Business Banking Partnership program, more small businesses can turn to Rockland Trust for funding for expansion, new equipment, capital improvement, and other financing needs.
The chart below shows Rockland Trust's fourth quarter 2012 small business loan volume from the bank's call report, Schedule RC-C, Part II - Loans to Small Businesses.
Number and amount currently outstanding of "Commercial and Industrial Loans"
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Quarter End
September 30, 2012 |
Quarter End
December 31, 2012 |
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Number
of loans
|
Amount Outstanding ($000) |
Number of loans |
Amount Outstanding ($000) |
| With original amounts of $100,000 or less |
1,332 |
40,808 |
1,281 |
36,331 |
| With original amounts of more than $100,000 through $250,000 |
689 |
64,424 |
694 |
68,320 |
| With original amounts of more than $250,000 through $1,000,000 |
585 |
138,252 |
588 |
139,609 |
Each quarter, we will report changes in lending in the Commercial and Industrial Loans category.
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TALK TO US
To speak to a Rockland Trust business specialist, call: 1.888.878.7824
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Weekdays: 7 am - 8 pm
Saturday: 8 am - 5 pm
Sunday: 12 pm - 4 pm | 
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