Independent Bank, parent of Rockland Trust, appointed Gerard F. Nadeau president of Rockland Trust.
Nadeau has worked for Rockland Trust in a variety of capacities since 1984, most recently serving as the executive vice president of Commercial Lending since 2007. In his new role as president, Nadeau will continue to be responsible for all of Rockland Trust’s commercial lending activities.
Christopher Oddleifson, who had been both the CEO and president of Rockland Trust, will continue to serve as the CEO. Oddleifson will also continue to serve as both the CEO and president of Independent.
“The outstanding success of our commercial banking division is due to Gerry Nadeau and the team that he leads,” Oddleifson said. “I am extremely pleased that Gerry has agreed to serve as the president of Rockland Trust, and look forward to working closely with him as we continue our disciplined growth by generating new business and expanding existing customer relationships.”
Independent and Rockland Trust also appointed Nadeau to their boards of directors. Independent appointed Nadeau as a Class II Director.
Independent Bank has $7.7 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.