Rockland Trust Introduces First Boston Office
101 Arch Street to House Investment Management Group and Commercial Lending Team
BOSTON (October 1, 2013) - Rockland Trust today introduced its first office location in Boston, located at 101 Arch Street in Downtown Crossing. The 5,000-square-foot space is on the 20th floor in the heart of the city's financial district and houses members of the bank's Investment Management Group (IMG) and Commercial Lending Team.
"Rockland Trust is excited to be part of the Boston community. We've been serving the communities around Boston for more than a century and over the years have moved closer to the city by opening more offices and entering more communities," said Christopher Oddleifson, President and CEO of Rockland Trust. "We're delighted to say we now officially have an office in Boston which gives us a tremendous opportunity to support customers in and around the city."
Rockland Trust's Investment Management Group creates customized plans for individuals, municipalities, businesses, and not-for-profit organizations through a full range of services including: Investment Management, Trust and Estate, Insurance, and Financial and Retirement Planning. The team is comprised of more than 50 experienced professionals who manage more than $2 billion in assets, and consistently apply sound investment principles to minimize risk and maximize long-term results for clients in a dynamic investment landscape.
In Boston, Rockland Trust's commercial lending team has experience financing high-profile projects, such as the refinancing of the Apple building on Boylston Street, construction of Arboretum Place in Jamaica Plain, and the expansion of JP Licks. The team provides construction and development loans, asset-based lending, working capital lines of credit, and commercial mortgages, as well as cash management services. In 2012 Rockland Trust was also the only Massachusetts-based bank to receive an award under the federal New Markets Tax Credit program, which promotes job creation and economic redevelopment in low-income communities through below market interest rate loans. Rockland Trust's New Markets Tax Credit loans have helped create or maintain over 3,900 jobs and financed the redevelopment of more than 3.3 million square feet of real estate.
In addition to the new Boston office, Rockland Trust recently expanded throughout the Metro North area with the acquisition of Central Bank and further into Plymouth County through the pending acquisition of Mayflower Bank.
About Rockland Trust
A full-service commercial bank headquartered in Massachusetts with $5.9 billion in assets, Rockland Trust is the sole bank subsidiary of Independent Bank Corp. (NASDAQ: INDB), providing a wide range of consumer, business, investment, and insurance products and services. Named a Boston Globe "Best Place to Work" for four consecutive years and one of America's "Best Banks" by Forbes for three consecutive years, Rockland Trust's network consists of more than 75 retail branches, 11 commercial lending offices, five investment management, and three residential lending centers in Massachusetts and Rhode Island. To find out why Rockland Trust is the bank "Where Each Relationship Matters®", please visit www.RocklandTrust.com. Member FDIC. Equal Housing Lender.