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February 1, 2023

Rockland Trust promotes two employees to executive leadership

PHOTO | Courtesy Rockland Trust Kathryn O’Malley and James Rizzo have joined the executive leadership team at Rockland Trust.

Rockland Trust, which has nine branches in Central Massachusetts, has promoted two internal employees to its executive leadership team. Kathryn O’Malley will become a senior vice president and maintain her role as chief credit officer, and James Rizzo is now chief commercial banking officer.

O’Malley joined Rockland Trust in 2009 after working for over a decade at the now-closed BankBoston. Her role has her in charge of credit risk management, loan structuring, and environmental risk mitigation, according to a Monday release from the bank. Her promotion to the leadership team is a continuation of her role as chief credit officer.

O’Malley received her undergraduate education at Wheaton College in Norton, Mass., and holds a master’s degree in finance from Boston College. 

Before becoming chief commercial banking officer, Rizzo was senior vice president, regional commercial banking manager at Rockland Trust. He was previously chief lending officer of Slade’s Ferry Bank of Rhode Island before it was acquired by Rockland Trust in 2008. 

“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,” Gerard Nadeau, president of Rockland Trust, said in the Monday press release.

Rizzo is replacing Nadeau as chief commercial banking officer, the result of years of succession planning, according to a statement from the bank. 

Rockland, which is headquartered on the South Shore, is the 13th largest bank in Central Massachusetts, as ranked by local deposits. The company had $881 million in deposits at its nine Central Massachusetts branches as of June 30, 2021, according to data from the Federal Deposit Insurance Corp.

Throughout its entire network, the bank has $15.9 billion in deposits at 123 branches.

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