Rockland Trust Company: Banking Services Built By Business Owners, For Business Owners Across MA and RI

Rockland Trust named the 2022 Real Estate Finance Leader of the Year

BOSTON- Built by business owners for business owners, Rockland Trust’s Commercial Banking Group has more than 70 commercial lenders and 20 lending centers throughout Massachusetts and Rhode Island. With a large lending capacity, the Commercial Banking Team has broad experience in areas such as asset-based lending, commercial real estate, construction and land development, equipment financing, commercial mortgages, tax-exempt bond financing and low-income housing loans.

Led by President Gerard “Gerry” Nadeau, Rockland Trust has been recognized for excellence by many organizations, including Banker & Tradesman’s “Best of 2021”, The Boston Globe’s “Top Places to Work” for 2021, and as one of Human Rights Campaign’s “Best Places to Work for LGBTQ+ Equality” for 2022. Before his presidency starting in 2017, Mr. Nadeau worked for Rockland Trust in a variety of capacities since 1984, most recently serving as the Executive Vice President of Commercial Lending since 2007.

Rockland Trust Company, a full-service commercial bank headquartered in Hanover, MA offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through over 120 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, South Shore, North Shore, Cape Cod and Islands, Worcester County, and Rhode Island. The Commercial Banking division of the bank has more than 70 commercial lenders and 20 lending centers throughout Massachusetts and Rhode Island. With a lending capacity over $75 million, the Commercial Banking Team has broad experience in areas such as asset-based lending, commercial real estate, nonprofit, construction and land development, equipment financing, commercial mortgages, tax-exempt bond financing and low-income housing loans. In addition, the team can meet all the financial needs of its customers with additional services such as business deposit products, merchant and foreign exchange services, and cash management services.

Rockland Trust’s notable recent deals include:

• Leading a $57 million finance package for Polar Park’s SOMA neighborhood
• Partnering with Newburyport Bank to provide a $30 million loan to MINCO Development for one of Merrimack Valley’s first passive house multifamily projects
• Providing $11.2 million to Father Bills & MainSpring for the construction of their Housing Resource Center in Quincy, MA
• Providing $29 million in financing to Waterstone Properties Group for the expansion of Heywood Hospital

Michael J. Crawford is Senior Vice President and Commercial Regional Executive for Rockland Trust and has been with the organization since 2018. Mike oversees the commercial lending offices in both the Worcester and North Shore markets. Having worked in the financial services industry for more than three decades, Crawford was instrumental in the Bank’s expansion into Worcester. Prior to joining Rockland Trust, Crawford served as the Executive Vice President and Chief Operating Officer at Commerce Bank & Trust Company in Worcester for 15 years. Before working at Commerce Bank, he held a variety of senior management roles at Citizens Bank, US Trust, Bank of New England, and Bank of Boston.

When asked about its five-year growth plan by the Boston Real Estate Times, Rockland Trust said that to sustain business momentum over time, the Bank continues to focus on key priorities under each of its key business lines, including growing the Rockland Trust customer base, recruiting and retaining the highest level of talent, and investing in technology to make banking easier for our colleagues and customers.