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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 second quarter 2013 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"

 

 

Quarter End 
September 30, 2013

Quarter End 
December 31, 2013


Number
 of loans 

Amount Outstanding ($000)

Number of loans 

Amount Outstanding ($000)

With original amounts of $100,000 or less

1,195

34,421

 1,272

36,290

With original amounts of more than $100,000 through $250,000 

717

78,098

  745

78,290

With original amounts of more than $250,000 through $1,000,000

597

133,775

   619

144,818

Each quarter, we will report changes in lending in the Commercial and Industrial Loans category.

 

TALK TO US

To speak to a Rockland Trust business specialist, call: 1.888.878.7824

Weekdays: 7 am - 8 pm
Saturday: 8 am - 5 pm

Sunday: 11 am - 3 pm