Hanover, MA – December 18, 2023 – Rockland Trust was recognized by the U.S. Small Business Administration’s (SBA) Massachusetts District Office as the number one 504 Third Party Lender in 2023.
The SBA 504 program provides businesses with fixed-rate financing to assist with the purchases of large assets including land, buildings, or long-term machinery and equipment.
“As a bank built by business owners, we remain steadfast in our commitment to provide local business owners with the resources and advice they need to flourish,” said Jeffrey Hansel, First Vice President and SBA Market Executive at Rockland Trust. “This recognition is a testament to the meaningful relationships that our colleagues build within the communities we serve. Working alongside the SBA, we’re honored to continue investing in small businesses, thereby creating opportunities for our local economies to grow.”
Rockland Trust earned the highest recognition among banks in Massachusetts for the number of loans originated through the SBA’s 504 program during the federal fiscal year ending September 30, 2023. In that time period, the Bank provided over $21.8 million in 504 loans across Massachusetts.
About INDB and Rockland Trust
Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. Rockland Trust was named to The Boston Globe’s “Top Places to Work” 2023 list, an honor earned for the 15th consecutive year. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, and numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust’s sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. In addition, Rockland Trust is deeply committed to the communities it serves, as reflected in the overall “Outstanding” rating in its most recent Community Reinvestment Act performance evaluation. Rockland Trust is an FDIC member and an Equal Housing Lender.