In honor of Thanksgiving Day, Northern Bank branches and the Contact Center will be closed on Thursday, November 28. As always, mobile banking, online banking and our ATM network are available to you 24/7.

Spoofing schemes are on the rise and criminals are now pretending to be bank employees. As a reminder, Northern Bank will not call you and ask for personal information like PINs, passwords, social security numbers, or account numbers. Be wary of texts, calls, or emails that ask you to log into, or send money with, payment apps. If you receive a call matching this description, or alerts of suspicious activity on your account, please contact us immediately at 1-800-273-6908 Option "0".

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December 3, 2021

Seven ways 1031 Exchange helps achieve investment goals

1031 Exchange

In this article published in the September 2020 New England Real Estate Journal, Northern 1031 Exchange Vice President, Michele Fitzpatrick, shares the many reasons why real estate investors choose to exchange properties.

Understanding how you might benefit from a 1031 Exchange is the first step in determining whether or not it is right for you. Investors come in all sizes and have many different reasons and motives for holding and selling real estate. To help investors get started down the road of exchange, Fitzpatrick lists the Top 7 Reasons why her clients exchange and how they maximize the benefits.

Estate planning, diversification, consolidation and increased depreciation are just a few benefits that rise to the top of the list. However, there are many other situations investors are faced with that are improved by exchanging. Knowing the Top 7 Reasons gives you a solid foundation for considering the possibility of a 1031 Exchange and how it might benefit your individual situation.

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About Northern Bank & Trust Company

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.

 

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