Rockland Trust provided a $4 million revolving line of credit through its Asset Based Lending team to Simonds Saw, a manufacturer of high-quality industrial blades and files for cutting and shaping metal.
Rockland Trust closed a $30 million revolving line of credit to Milton’s Distributing. a national wholesale distributor and importer of wine, beer and spirits.
Independent Bank, parent of Rockland Trust, closed its acquisition of Blue Hills Bancorp, parent of Blue Hills Bank. Blue Hills Bank merged with and into Rockland Trust, with Rockland Trust the surviving entity. The customer and brand conversion will occur over the weekend of June 8, 2019.
Asset-Based Lending Team Joins Rockland Trust to Expand Middle-Market Lending — Chris O’Connor, SVP, Leads New Initiative
In August, Rockland Trust expanded its commercial lending capabilities by hiring an experienced team of asset-based lending professionals who recently worked together at Webster Business Credit. Led by Chris O’Connor, senior vice president of asset-based lending at Rockland, the unit is poised to build on the 104-year-old bank’s strong regional reputation and robust growth in commercial lending over the past five years.