PROVIDENCE – The Rockland Trust Co.’s Investment Management Group recently reached $5 billion in assets under administration, according to a news release.
The milestone, hit on Feb. 28, represents a 15.4% increase over the prior year, and a 25%, or $1 billion increase, since 2019, the company stated.
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Rockland Trust attributed the growth in assets in part to expansion in the Worcester, Mass., market, as well as new offerings such as its Premier Professionals Banking options for business clients and special needs trust services.
The company has also beefed up its educational programming for business owners and employees to increase understanding of retirement plan options.
Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com.
