News: Financial Digest

Rockland Trust promotes O’Malley and Rizzo to executive leadership team

Kathryn O'Malley

 

James Rizzo

 

Hanover, MA Rockland Trust Company has elevated Kathryn O’Malley and James Rizzo, two tenured commercial colleagues, to the bank’s executive leadership team.

O’Malley is the senior vice president, chief credit officer at Rockland Trust overseeing credit risk management, loan structuring, approval, work out, appraisal, and environmental risk mitigation for the organization. She joined Rockland Trust in September of 2009. Prior to that, she spent nine years as an independent consultant completing commercial loan structuring and analysis for regional banks. Additionally, O’Malley worked for over a decade in the commercial banking division of BankBoston, and subsequently U.S. Trust. 

Rizzo recently assumed the title of chief commercial banking officer. He is responsible for leading the company’s commercial loan generation strategies. Before being appointed to the bank’s executive leadership team, Rizzo was senior vice president, regional commercial banking manager, managing the lending and sales activities for a large group of commercial lenders covering south and north of Boston, Rhode Island, and Connecticut. Rizzo joined Rockland Trust after it acquired Slade’s Ferry Bank, where he served as chief lending officer, in 2008. Prior to that, he worked as a senior vice president of Bank of America for over 17 years.

“Katie’s disciplined attention to detail and steady guidance has been instrumental in maintaining the bank’s high standard of credit quality over the last several years; while Jim’s demonstrated ability to build strong relationships with customers and colleagues, combined with his dynamic expertise within the commercial banking field, position him well for this expanded role,” said Gerard Nadeau, president of Rockland Trust. “These promotions bring great confidence to our commercial lending team which, under Katie and Jim’s continued leadership, is poised for future growth and success.”

 

MORE FROM Financial Digest

Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

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.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

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.