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M2 Communications
ENP Newswire – 04 October 2012
Release date- 02102012 – Rockland Trust today announced $4.5 million in refinancing for J.P. Licks Homemade Ice Cream to fund the ice cream maker’s expansion into three communities, including Back Bay, Somerville and Lynnfield.
A staple in several Greater Boston communities, J.P. Licks, headquartered in Jamaica Plain, will use the funds to refinance existing debt. Rockland Trust is also providing a construction line of credit to aid in the construction and development of the newest retail locations, which are expected to open in 2013.
‘Rockland Trust is excited to support the expansion of J.P. Licks,’ said Michael Lindberg, First Vice President and Commercial Lending Center Manager at Rockland Trust. ‘This company is a beloved local institution in the Greater Boston area that is committed to serving both its customers and the community. We appreciate being selected as the company’s banking partner and look forward to helping them grow and achieve the owner’s goals.’
J.P. Licks cited Rockland Trust’s commitment to actions, not words for selecting the bank as its financing partner. With $5.1 billion in assets, the bank’s commercial lenders can rapidly deploy financing for large complex deals of up to $70 million on a platform of personalized service which it has provided to businesses for nearly 100 years.
‘We are thankful to Rockland Trust for a seamless refinancing process,’ said Vince Petryk, Owner and Founder of J.P. Licks. ‘Our primary goal is to bring friendly service and great ice cream to our customers, and it’s been a pleasure to work with a bank just as dedicated to customer service as we are.’
J.P. Licks has locations in Jamaica Plain, Coolidge Corner in Brookline, Harvard Square, Newton Centre, Wellesley Square, West Roxbury, Legacy Place in Dedham, Charles Street in Boston, Mission Hill and Davis Square in Somerville.
About J.P. Licks
J.P. Licks opened in Jamaica Plain in 1981. Since then, it has expanded throughout the Greater Boston area to 11 total locations. The company focuses on offering a friendly, personalized experience to all of its customers and has received more than 300 ‘best in Boston’ awards recognizing its excellence in the industry during its 30 plus years in business. J.P. Licks supports local organizations and charities in its communities through in-kind donations and gift cards for silent auctions. For more information on J.P. Licks Homemade Ice Cream, Inc., please visit www.jplicks.com.
About Rockland Trust Company
Rockland Trust Company is a full-service commercial bank headquartered in Massachusetts, with $5.1 billion in assets. The sole bank subsidiary of Independent Bank Corp. (NASDAQ:INDB), Rockland Trust provides a wide range of consumer, business, investment, and insurance products and services. Ranked ‘Highest Customer Satisfaction with Retail Banking in the New England Region’ in 2012 by J.D. Power and Associates, Rockland Trust’s network consists of 67 retail branches, 10 commercial lending centers, four investment management and four residential lending centers located throughout Eastern Massachusetts and in Rhode Island. To find out why Rockland Trust is the bank ‘Where Each Relationship Matters’, please visit www.RocklandTrust.com.
Rockland Trust received the highest numerical score among retail banks in the New England region in the proprietary J.D. Power and Associates 2012 Retail Banking Satisfaction Study(sm). Study based on 51,498 total responses measuring 13 providers in the New England region (CT, MA, ME, NH, RI VT) and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed January-February, 2012. Your experiences may vary. Visit www.jdpower.com. Member FDIC.
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