Asset-Based Lending Group Joins Rockland Trust Commercial Lending Division

ROCKLAND, Mass.--(BUSINESS WIRE)--Rockland Trust, a full-service community bank headquartered in Massachusetts, today announced the hiring of an experienced team of asset-based lending professionals who bring more than 90 years of experience and have most recently worked as a team at Webster Bank. Asset-based lending is a subset of commercial lending that enables borrowers to leverage assets, such as accounts receivable and inventory, to secure financing that may not be available through conventional means. Chris O’Connor joined Rockland Trust on August 8 as senior vice president and will lead a team of four professionals.

“Rockland Trust has a ‘can-do’ attitude when it comes to partnering with businesses, and they share our passion for helping businesses and communities prosper.”

“Rockland Trust has always been committed to meeting the credit needs of businesses in the communities we serve,” said Chief Executive Officer, Christopher Oddleifson. “This expansion to our commercial lending team enhances our commercial lending capabilities.”

“We are extremely excited to join the Rockland Trust team, as they have a demonstrated commitment to growing their commercial lending book of business,” said Chris O’Connor, Senior Vice President, Asset-Based Lending at Rockland Trust. “Rockland Trust has a ‘can-do’ attitude when it comes to partnering with businesses, and they share our passion for helping businesses and communities prosper.”

Rockland Trust is uniquely positioned to service its commercial clients based on its highly personalized approach to commercial lending. Whereas other banks’ lending decisions are often made by individuals who are far removed from the borrower, Rockland Trust’s lenders serve as business partners and can personally advocate on each customer’s behalf based on their in-depth understanding of the company’s potential for future success. Rockland Trust’s commercial lending activity has expanded rapidly over the past five years, with total commercial loans growing 150 percent in that time period.

“The addition of Chris and his team to our organization will give Rockland Trust the most robust portfolio of commercial lending services in our footprint,” said Gerry Nadeau, the Bank’s Executive Vice President in charge of Commercial Lending. “We are excited to welcome the new members of our team, and to increase our financing solutions for our business customers.”

Rockland Trust Company is a full-service community bank headquartered in Massachusetts, with approximately $4.8 billion in assets. The sole bank subsidiary of Independent Bank Corp., (NASDAQ:INDB) Rockland Trust provides a wide range of consumer, business, investment, and insurance products and services. Rockland Trust’s network consists of 67 retail branches, eight commercial lending centers, four mortgage banking centers, and three Investment Management Group offices located throughout Eastern Massachusetts. To find out why Rockland Trust is the bank “Where Each Relationship Matters^®”, please visit www.RocklandTrust.com.