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Rockland Trust Provides $10.5 Million to SCG Development for the Oxford School Residences

About SCG Development and Stratford Capital Group

SCG Development and its affiliated company Stratford Capital Group are committed to developing high quality affordable and workforce housing to support healthy and diverse communities. The companies have participated in the capitalization and development of over 250 properties comprising 27,400 apartment units across 27 states. The total capital raised to date is over $2 billion resulting in a total development cost for the entire portfolio of over $4.5 billion. SCG Development has active development projects in 12 states and maintains offices in Tysons, Virginia and Peabody, Massachusetts. 

About 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 The Boston Globe's "Top Places to Work" 2020 list, an honor earned for the 12th consecutive year.  In addition to this recognition, Rockland Trust was ranked the #1 Bank in Massachusetts, according to Forbes 2020 World's Best Banks list. Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating received 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 approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, the Cape and Islands, and 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. To find out why Rockland Trust is the bank "Where Each Relationship Matters®," please visit

Rockland Trust's Commercial Banking Group has more than 50 commercial lenders and 16 lending centers throughout Massachusetts and Rhode Island. With a lending capacity of up to $100 million, the Commercial Banking Team has broad experience in asset-based lending, commercial real estate, construction and land development, equipment financing, commercial mortgages, and low-income housing loans. Also, the team can meet all the financial needs of its customers with additional services such as business deposit products, merchant and foreign exchange services, and cash management services.

Media Contact:

Emily McDonald

Rockland Trust