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News Stories (11 Results) - Rockland Trust

Rockland Trust announced it closed a $30 million revolving line of credit to Milton’s Distributing Co., Inc., a national wholesale distributor and importer of wine, beer and spirits. The loan will be used to refinance existing senior debt and provide... Read Story
December 10, 2019, 08:50 AM

Rockland Trust announced financial transactions totaling more than $38.275 million with local businesses located north of Boston. The funding will be applied to enhancing existing operations and positioning the companies for future growth. The loans... Read Story
June 18, 2018, 07:06 AM

Rockland Trust announced it has closed a multi-million dollar asset-based credit facility with Global Technology Systems, Inc. (GTS). GTS is an experienced provider of engineering reliable, long-lasting batteries and chargers.  “Rockland Trust is... Read Story
September 27, 2017, 07:56 AM

Rockland Trust announced it financed a $4.35 million transaction for equipment manufacturer, Macton Corporation and its senior credit facility. “Rockland Trust is excited to partner with Peter McGonagle and his Macton team to invest in a company that... Read Story
November 18, 2016, 07:23 AM

Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending... Read Story
September 13, 2016, 07:44 AM

Rockland Trust recently appointed Boston resident Joseph Herzog as Vice President of Asset Based Lending (ABL). Based in the Bank’s Boston office, Herzog is responsible for originating asset-based lines of credit and term loans up to $25 million. He... Read Story
July 07, 2015, 07:21 AM

Salus Capital Partners announced that Christopher D. O'Connor and Kyle C. Shonak have been named Co-Presidents of the firm, effective immediately.In a joint statement, O'Connor and Shonak commented: "Salus will work closely with our parent company... Read Story
April 29, 2015, 07:24 AM

Rockland Trust announced it has promoted Michael Pandolfi to First Vice President of Asset Based Lending in the Commercial Lending  division. In this role, he is responsible for the origination of asset based lending relationships and the sale of... Read Story
March 05, 2015, 07:50 AM

Rockland Trust announced its appointment of Daniel J. Landers as Senior Vice President and Executive in Charge of Asset Based Lending (ABL). In this role, he will be responsible for managing the bank’s growing asset-based lending business which... Read Story
November 19, 2014, 07:48 AM

Rockland Trust announced on September 29 that it provided a $22.66 million asset-based credit facility to Decas Cranberry Sales. The credit facility to the Carver, MA-based cranberry processor includes a $15 million working capital line of credit, a... Read Story
October 06, 2014, 07:13 AM

Salus Capital Partners has named Christopher O’Connor as Executive Vice President, Chief Credit and Administration Officer. In his role at Salus, O’Connor will primarily be responsible for the oversight of underwriting and portfolio management... Read Story
September 04, 2014, 07:33 AM