HANOVER, Mass.--(BUSINESS WIRE)--Rockland Trust is pleased to announce a $150,000 investment in the Community Investment Tax Credit Program (CITC), which will help thirteen Community Development Corporations (CDCs) assist local organizations in providing programming and resources to neighbors in need.
Through the Department of Housing and Community Development, the CITC was created to enable local residents and stakeholders to work with CDCs and partner with nonprofit, public, and private entities to improve economic opportunities for low to moderate income households.
“The CITC provides the Bank with an opportunity to reinvest in the communities we live in and serve by strengthening our partnerships with CDCs across our growing footprint,” said Gerry Nadeau, President and Chief Commercial Banking Officer at Rockland Trust. “Our success as a local bank is dependent on the well-being of our local economy. We’re proud to support the important work of these CDCs who are helping to deliver essential resources to the individuals and families within our community who are most in need.”
Rockland Trust is investing in the following:
- Community Development Partnership; Eastham
- Waterfront Historic Area League; New Bedford
- North Shore Community Development Coalition; Salem
- South Middlesex Opportunity Council; Framingham
- Massachusetts Association of Community Development Corporations; Boston
- Housing Nantucket; Nantucket
- Neighborhood of Affordable Housing, Inc.; Boston
- Jamaica Plain Neighborhood Development Corporation; Jamaica Plain
- Urban Edge; Roxbury
- Dorchester Bay Economic Development Corporation; Boston
- Southeast Asian Coalition; Worcester
- Worcester Common Ground; Worcester
About INDB/Rockland Trust
Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's "Top Places to Work" 2021 list, an honor earned for the 13th consecutive year. *In 2022, Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, and numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. In addition, Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through over 120 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, North Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.
*Rockland Trust received the highest score in a tie in the New England Region of the J.D. Power 2022 U.S. Retail Banking Satisfaction Study of customers’ satisfaction with their primary bank. Visit jdpower.com/awards for more details.
