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Dynamark Monitoring, Inc. Secures $20 Million in Financing from Rockland Trust


Boston, MA – October 13, 2022 – Rockland Trust’s Security Alarm Lending Group announced today it has provided a multi-year, $20 million revolving line of credit to Dynamark Monitoring, Inc. Headquartered in Hagerstown, MD, Dynamark  provides wholesale security monitoring services for more than 500 security alarm dealers and retail security services for over 13,000 customers across the United States.  Proceeds from the revolving line of credit will be used to support Dynamark’s steady acquisition strategy as they expand their growing footprint.

“The Security Alarm Lending team at Rockland Trust has developed a solid working relationship with the Executive Leadership team at Dynamark.  We look forward to strengthening this partnership and assisting Dynamark in their continued success,” said Joe Herzog, Senior Vice President of Specialized Lending at Rockland Trust. “We have a seasoned team of Security Alarm Lending professionals managing a robust portfolio that continues to grow. We are pleased to partner with an industry leader such as Dynamark.”

"Rockland has been terrific to work with and very supportive as we have rapidly expanded our business. This financing will allow us to continue our growth strategy and further develop some of the industry's most innovative monitoring technologies to support dealers," said Trey Alter, CEO of Dynamark Monitoring, Inc.

Dynamark Monitoring was represented by SPP advisors and provides world-class security monitoring services for intrusion, fire, video, medical, and IoT alarms. Dynamark Monitoring is a Five Diamond accredited monitoring facility, a recognition of security excellence granted each year by The Monitoring Association, that represents companies committed to the highest standards in professional monitoring.

About INDB and Rockland Trust

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's "Top Places to Work" 2021 list, an honor earned for the 13th consecutive year. *In 2022, Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, and numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. In addition, Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through over 120 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, South Shore, North Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

*Rockland Trust received the highest score in a tie in the New England Region of the J.D. Power 2022 U.S. Retail Banking Satisfaction Study of customers’ satisfaction with their primary bank. Visit jdpower.com/awards for more details.



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