Posted by: Providence Chamber of Commerce | October 6, 2011

Rockland Trust Company Launches Rhode Island Expansion with New Providence Office

Business leaders will be gathering tonight at the GTECH Center to formally welcome Rockland Trust to the marketplace. The bank’s new Commercial Lending Center and Wealth Management Office will offer customers direct access to a team of nine commercial lending and investment management experts.  

At a well attended news conference at the Hampton Inn & Suites in Downtown Providence, company officials emphasized Rockland Trust’s commitment to conducting business in Rhode Island and growing its established portfolio in the market. Their book of business currently represents more than $220 million in recent financing support for local companies and $454 million in assets under management.  The crowd erupted in applause when a large banner was unveiled declaring, “We’ve got money for commerical loans and we’re not afraid to lend it.”  

James Rizzo, Rockland senior vice president, told the Chamber after the meeting that their strategic use of the federal New Market Tax Credit program has been invaluable in helping their customers build out areas of the city, including the  Knowledge District.  To learn more about Rockland’s product line up , visit www.RocklandTrust.com

Developer Jim Karam hosted Rockland Trust officials at the Hampton Inn & Suites in downtown Providence, the revitalized site of a former Fransciscan Order facility that Rockland Trust helped finance in 2007

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: