A four-person asset-based lending team with more than 90 years of combined commercial lending experience has left Webster Bank and joined the commercial lending division of Rockland-based Rockland Trust Co.

Chris O’Connor left Webster and joined Rockland earlier this month as senior vice president, and will lead a team of four professionals specializing in asset-based lending, Rockland said in a statement. Asset-based lending is a subset of commercial lending that enables borrowers to leverage assets, such as accounts receivable and inventory, to secure financing that may not be available through conventional means.

"We are extremely excited to join the Rockland Trust team, as they have a demonstrated commitment to growing their commercial lending book of business," O’Connor said in a statement. "Rockland Trust has a ‘can-do’ attitude when it comes to partnering with businesses, and they share our passion for helping businesses and communities prosper."

Rockland Trust’s commercial lending activity has expanded rapidly over the past five years, with total commercial loans growing 150 percent in that time period, the roughly $4.8 billion bank said.

"The addition of Chris and his team to our organization will give Rockland Trust the most robust portfolio of commercial lending services in our footprint," said Gerry Nadeau, the bank’s executive vice president in charge of commercial lending. "We are excited to welcome the new members of our team, and to increase our financing solutions for our business customers."