Understanding related party rules in 1031 Exchanges
Learn what constitutes a related party 1031 Exchange, rules and conditions, and what real estate investors need to know.
Stoneham, Massachusetts, Dec. 13, 2021 – Northern Bank, a full-service community and business bank, today announced the official opening of a new branch in Stoneham.
Northern Bank, which has proudly served entrepreneurs since its founding in 1960, identified Stoneham as an ideal branch location due to the bank’s existing ties with the town’s thriving business community.
“We look forward to expanding our relationships with the people and businesses of Stoneham,” said Jim Mawn, President and CEO of Northern Bank. “We’ve been serving Stoneham businesses and residents at our Woburn and Melrose locations for decades and everyone here is excited to redouble our commitment to the Stoneham community with a location here.”
The new branch office incorporates a modern design and functionality that Northern Bank intends to use in new branches and buildouts. Additionally, the bank is now offering exclusive rates and savings on merchant services, cash services, smart safe and remote deposit capture for Stoneham residents and businesses. Click here to learn more.
In celebration of its grand opening, every month for the next year Northern Bank will give one business and one individual a gift card ($100 - $250 value)[1] from local businesses including:
The new branch, which is led by Stoneham Business Development Manager and AVP Joe Todisco, is open Monday – Friday (9 a.m. to 4 p.m.) and on Saturday (9 a.m. to 12 p.m.). Located at 240 Main Street, the branch features an ATM, and drive-up service.
About Northern Bank
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers’ lives and businesses grow. From deposit products to loans to payment and collections services, we work hands on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
[1] Terms and conditions apply. Click here to learn more.
Learn what constitutes a related party 1031 Exchange, rules and conditions, and what real estate investors need to know.
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Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.