PROVIDENCE – Rockland Trust has appointed Mark McGwin as first vice president and senior market manager for franchise lending.
This is a new role at the bank for which McGwin will develop and lead a multi-brand finance unit supporting franchises in the Northeast.
McGwin will be based out of Rockland Trust’s downtown Providence office.
In his new position, McGwin said he will establish underwriting guidelines and commercial loan policies specific to franchise finance in the “quick serve restaurant” sector; he will initiate a calling effort around the Northeast to primarily establish direct lending commercial relationships; evaluate multi-brand financing opportunities with targeted Tier 1 quick-service restaurant brands; provide “value-added” solutions for existing and long-term financing requirements; and leverage the bank’s strong commercial and retail reputation to generate internal cross-sell opportunities with other Rockland Trust business partners.
“We are excited to have Mark on our team to lead the expansion of our financing services to franchises,” said James Rizzo, Rockland Trust’s commercial lending regional manager. “They have unique needs and he has a deep understanding of these business customers from his many years of developing relationships with franchisees throughout the Northeast.”
McGwin has more than 25 years of financial services and commercial banking experience. Prior to joining Rockland Trust, he was senior vice president and commercial banking officer of franchise lending for United Bank. Before that, he held executive and management positions at Santander Bank, Century Bank, Citizens Bank and Old Stone Bank.
He has a bachelor’s degree in management and finance from Providence College.
Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.