Rockland Trust Saw Deposits Fall by 3.8 Percent
Rockland Trust saw deposits drop by 3.8 percent during the first quarter even as the bank added new customers during the quarter.
Eastern, Rockland Beat Out National Banks in Satisfaction Survey
Eastern Bank leads its Massachusetts-based peers in a major survey of bank customer satisfaction.
Rockland Trust Leads Financing for Quincy Apartments
Quincy-based real estate developer LBC Boston has secured a $50 million financing package led by Rockland Trust for the construction of an apartment complex in downtown Quincy.
A New Leader at Rockland Trust
In his first month since taking the reins from the bank’s longtime CEO, Jeffrey Tengel has had to steer Rockland Trust Co. through tumultuous waters churned up by the failure of Silicon Valley Bank and Signature Bank.
Three Men Indicted for Martha’s Vineyard Bank Robbery
Three men have been indicted in connection with the armed bank robbery in November at a Rockland Trust branch on Martha’s Vineyard.
How Two Acquisitions Set Rockland Trust Up for Success
Over 20 years, Christopher Oddleifson piloted Rockland Trust through careful, but opportunistic acquisitions that turned the institution into a survivor, instead of a statistic.
Rockland Trust Bucks Tough Wealth Management Market
The Hanover-based bank managed a second straight year of record new wealth management business while its major competitors suffered double-digit losses in 2022. And executives think they’re just scratching the surface of what’s possible.
Table Talk Project Lands $20M in State Help
A multifamily development in Worcester’s blossoming Canal District has secured a big, additional segment of its capital stack thanks to a tax-exempt bond from MassDevelopment.
Hajjar Secures Financing to Redevelop Fall River School into Apartments
Rockland Trust has provided $7.4 million in financing to Hajjar Management Co. Inc. to redevelop a vacant Fall River school into an apartment building.
Rockland Trust Provides Financing for Heywood Hospital Expansion
Rockland Trust Co. has provided financing for a project that will expand the surgical space at Gardner’s Heywood Hospital to more than 44,000 square feet.
Former Eastern Bank SVP Joins Rockland Trust Executive Team
Dawn Mugford, a former senior vice president at Eastern Bank, has joined Rockland Trust Co.’s executive leadership team as chief risk officer.
Business Lending Is Still Good Business
Inflation is at a historic high, the Federal Reserve has raised its benchmark interest rate 2.5 percent in six months and talk of recession is in the air. Yet businesses’ appetite for debt didn’t dim in Q2.
Rockland Trust Still Open to M&A Opportunities
Rockland Trust Co. remains open to mergers in the coming years, but changing economic conditions could see the bank taking a different approach to possible deals.
Community Good Works
Brockton–based HarborOne Bank made a donation through its foundation of $220,000 in grants to 26 different organizations supporting children and families.
Personnel File – No. 293
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Personnel File – No.290
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Father Bill’s Receives Financing for New Resource Center
Father Bill’s & MainSpring, a nonprofit organization providing services that address homelessness, has received $11.2 million in financing from Rockland Trust to construct a new facility in Quincy.
Personnel File – No.289
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Rockland Trust Opens Westborough Branch
Rockland Trust Bank has opened a new branch in Westborough, giving the bank eight branches in Worcester County and 123 branches overall.
Mass. Bankers Takes Steps to Guide Industry DEI Efforts
With a history of leadership dominated by white men and lending practices that ended up contributing to inequity, many banks need help to elevate their DEI game, industry leaders say.
