According to Christopher Oddleifson, president and CEO for Rockland Trust, Gerard Nadeau has been promoted to executive vice president, commercial banking. In this role, Nadeau will oversee all commercial banking and commercial credit administration activities for the bank. Nadeau replaces the retiring Ferdinand Kelley, who held the position for the past fourteen years.
Oddleifson said, "Gerry Nadeau has been building long-term relationships with his clients for years. He epitomizes the Rockland Trust brand and we are delighted to have him lead our commercial banking business, as we continue to grow. Gerry was instrumental in helping build our commercial banking business these past 20+ years and I'm confident that he will help us continue to be successful for the next 20."
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.