Rockland donates to SEED Corp.

TAUNTON – Rockland Trust Community Development III LLC recently donated $50,000 to the nonprofit South Eastern Economic Development Corp. (SEED) to provide financial counseling and other services to lower-income community businesses in Southeastern Massachusetts and Rhode Island.
The donation is part of the New Markets Tax Credit program intended to allow institutions to make low-interest loans to businesses and individuals in low-income areas.
Rockland Trust Community Development – a subsidiary of Rockland Trust Co., the bank subsidiary of Independent Bank Corp. (NASDAQ: INDB) – was approved last year for a $50 million tax credit allocation.
“At Rockland Trust, we are committed to strengthening the communities in which we work and live,” said Gerry Nadeau, executive vice president of commercial banking for Rockland Trust. “We are proud to support SEED in their efforts to help local businesses succeed and create new jobs in our communities.”
“During this troubling economic climate, as other funding sources are drying up, Rockland Trust continues to make substantial investments to fund technical assistance for businesses, which helps create new businesses and jobs as well as assist existing businesses maintain jobs,” said SEED Executive Director Maria Gooch-Smith.

Independent Bank Corp. is the parent of Rockland Trust Co., a full-service community bank with assets of $3.6 billion that serves southeastern Massachusetts, Cape Cod and Rhode Island. Rockland Trust has 63 retail branches, nine commercial lending centers, five mortgage-origination offices and four investment-management offices, one of which is in Rhode Island. Additional information is available at www.RocklandTrust.com.

No posts to display