SMOC Receives Grant From Rockland Trust Bank

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In full transparency, the following is a press release submitted to SOURCE media from its business wire service.

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HANOVER – Rockland Trust is pleased to announce a $150,000 investment in the Community Investment Tax Credit Program (CITC), which will help 13 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

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.

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