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Rockland Trust provides $6.6M to Peregrine Group for Newport condos

PROVIDENCE – Rockland Trust Co. has provided $6.6 million in financing to the Peregrine Group LLC for the construction of a housing development in...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...

Five Questions With: James Rizzo

James Rizzo was recently promoted to chief commercial banking officer for the Rockland Trust Co. He joined Rockland Trust after it acquired Slade’s Ferry...

Rockland Trust parent company doubles annual profits, ending 2022 with $264M

PROVIDENCE – Rising interest rates and a $1.2 billion acquisition of another Massachusetts bank helped Independent Bank Corp. to more than double its 2022...

Rockland Trust names new CEO

PROVIDENCE – The Rockland Trust Co. will have a new leader at the helm next month. The Rockland, Mass.-based bank on Monday named Jeffrey J....

Rockland Trust finances $7M Fall River apartment project

FALL RIVER – The Rockland Trust Co. recently provided $7.4 million in financing for a local residential redevelopment project, according to a news release. The...

Rockland Trust parent company reports $72M Q3 earnings

PROVIDENCE – Independent Bank Corp. saw quarterly earnings increase 80% thanks to higher interest rates, the company reported on Thursday. The parent company for Rockland...

Five Questions With: Dawn A. Mugford

Dawn A. Mugford was recently named chief risk officer for the Rockland Trust Co. and its parent company, Independent Bank Corp. Mugford has more...

Rockland Trust reports $62M Q2 profit

PROVIDENCE – Rising interest rates helped boost Independent Bank Corp.’s earnings to $61.8 million for the quarter that ended June 30, the company reported...

Rockland Trust parent company reports $53M Q1 profit driven by acquisition

PROVIDENCE – Independent Bank Corp. saw a 27% rise in quarterly profits as it continues to reap the benefits of a $1.2 billion acquisition...
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