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Gerard Nadeau of Rockland Trust Awarded Financial Services Champion of the Year for Massachusetts and New England

Release Date: 
Tuesday, April 25, 2017
Release Number: 
17-10
Contact: 
Norman Eng 617-565-8510

BOSTON – The Small Business Administration (SBA) has named Gerard Nadeau, President and Chief Commercial Banking Officer of Rockland Trust Company, the 2017 Financial Services Champion of the Year for Massachusetts and New England.

He earned the recognition for his success in achieving measurable results for growing the number of small business clients the Bank has supported with financial and technical assistance. With more than $7.7 billion in assets, Rockland Trust maintains over 80 branch locations and offers a wide range of banking investment and insurance services to businesses and individuals. Notable client successes include: the debt restructure of Catalina Hospitality Group that saved hundreds of jobs, floorplan financing of McLaughlin Chevrolet that helped avoid bankruptcy, and the expansion of Modern Pastry that enabled a family-owned business of 80 years to purchase their dream location in the North End of Boston.

“We are honored to recognize Gerry's leadership, commitment to small business and his demonstrated support of SBA programs” said Robert Nelson, SBA Massachusetts District Director. “Over the past several years, Rockland Trust has consistently ranked as one of the top producers of SBA 7(a) and 504 loans.  Gerry strongly believes in giving back to the underserved communities, particularly those that often have less access to capital, and this has translated into innovative economic development programs started at the bank.” 

Since Nadeau’s appointment to an executive leadership role in 2007, commercial loans have increased from $1.6 billion to over $4.2 billion. In particular, because of his leadership and encouragement to work with small firms lacking access to capital, Rockland Trust Company has been consistently one of the most active SBA lenders in Massachusetts for the number of SBA loan approvals and the total dollar amount lent under both the SBA 7A and SBA 504 Loan Programs.

Over the past three years, Rockland Trust approved the following SBA loans in Massachusetts:

  • 46 SBA 504 loans topping $34 million (#2 lender / dollars lent and # of loan approvals)
  • 314 SBA 7A loans topping $40 million (#4 lender / # of 7A loan approvals)

 

“It’s a true honor to be recognized for our commitment to SBA lending,” said Nadeau. “This award is due to the lending expertise of the Rockland Trust team along with our dedication to support the SBA’s mission to strengthen the small business community.”

During Nadeau’s tenure, the SBA has also distinguished Rockland Trust by highlighting achievements and commitment to small business as:

  • Massachusetts  "SBA 504 3rd Party Lender of  the  Year by Dollars" for five consecutive years (2009-2013)
  • SBA National 2010 First Mortgage Lender of the Year (Small)
  • 2016 Massachusetts Lender of the Year to Contractors
  • 2013 Massachusetts #1 Lender to Veterans

Nadeau was also selected from a national pool of bank candidates for the National Association of Development Companies (NADCO) 2015 Diamond Award for being an "Extraordinary Lender Partner in Economic Development" with South Eastern Economic Development (SEED) Corporation under the SBA 504 Loan Program and Rockland's funding of SEED's technical assistance programs.

Community activities continue to be an important part of Nadeau's role at the bank and include: Past Chair of the South Eastern Economic Development Corporation (or SEED an organization he's participated in since 2007), President of the Southeastern MA Affordable Housing Group, long-time board member, and former board president of the Brockton Boys & Girls Club, chair of the Metro South Chamber of Commerce (where he's been a member for over ten years), board member of the Montello Affordable Housing Corporation and a member of the Executive Committee for development at Stonehill College. In 2015 he also became a board member of the Old Colony YMCA and was elected to their executive committee.

The Financial Services Champion of the Year award is presented annually to an economic development practitioner who exceeds expectations and requirements for advocating for changes to assist small businesses.

Nadeau will be honored at an SBA awards luncheon along with the other 2017 Massachusetts Small Business Week winners at Granite Links Golf Club on May 2, 2017.

 

About the U.S. Small Business Administration:

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012, has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam.  To learn more, visit www.sba.gov
 

About Rockland Trust:

Independent Bank Corp. has approximately $7.7 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through mobile banking, online banking, and telephone banking.  For more information on Rockland Trust, please visit: www.rocklandtrust.com

 

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