Rockland, MA- (April 9, 2018) – Rockland Trust announced it will provide a $14 million financing package to Edaville Land Holdings, LLC, the parent company of Edaville Family Theme Park located in South Carver, Massachusetts. The funding will enable an exciting expansion at the historic family theme park best known for the Edaville Railroad. Edaville will reopen for the season on April 7th and is in the process of completing several expansion projects, including a new water feature that will open in the summer. The park will also add new retail and restaurants to Dickens Village - a Victorian-style village that currently includes gift shops, a café and a donut shop.
“Edaville has long been a treasured destination, providing visitors with family-friendly experiences and Rockland Trust is excited to help preserve and support this attraction,” said Tony Aveni, lending officer for Rockland Trust. “This transaction reflects the Bank’s commitment to supporting local businesses that are integral to the communities we serve.”
Founded in 1947 by Ellis D. Atwood along the 5.5 mile-long railroad that surrounded his 220-acre cranberry plantation, Edaville evolved into one of America’s best small town amusement parks known for family fun, carnival rides, bright lights and seasonal Christmas displays. The park operates more than 90 rides and attractions, including “Dino Land” and “Thomas Land,” which was named one of the best new amusement park attractions by USA Today readers in 2015. Edaville also hosts seasonal events throughout the year, such as “Edaville’s Not-So-Spooky Trick or Treating” in October and their Christmas Festival of Lights, which features train rides passing by holiday displays with over seven million lights. Last year, the park welcomed a quarter of a million guests.
“We appreciate Rockland Trust’s support and we can’t wait to unveil all of the additions that will make Edaville bigger and even better,” said Jon Delli Priscoli, owner and developer of Edaville Family Theme Park. “Edaville has seen many changes and improvements in recent years that have allowed the park to evolve and provide our guests with a memorable experience each time they visit.”
Rockland Trust’s Commercial Banking Group has more than 50 commercial lenders and 13 lending centers throughout Massachusetts and Rhode Island. With a lending capacity up to $100 million, the Commercial Banking Team has broad experience in areas such as asset based lending, commercial real estate, construction and land development, equipment financing, commercial mortgages, and low income housing loans. In addition, the team can meet the financial needs of its customers with additional services such as business deposit products, merchant and foreign exchange services, and cash management services.
About Rockland Trust
Independent Bank Corp. (NASDAQ Global Select Market: INDB) has approximately $8.1 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Named in 2017 to The Boston Globe’s “Top Places to Work” list for the ninth consecutive year, 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 Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. The Company is an FDIC member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters®”, please visit www.rocklandtrust.com.