For Business angle-down icon For Life angle-down icon Success Stories LEARN Get the latest updates, tips and helpful insights from our experts. LATEST POSTS SVP John Starling answers 1031 Exchange FAQs DECEMBER 3, 2021 1031 Exchange John Starling, Senior Vice President of Northern 1031 Exchange, answers frequently asked questions regarding like-kind exchanges in a 2019 article published in the New England Real Estate Journal. READ MORE VP Michele Fitzpatrick reflects on 2020 DECEMBER 3, 2021 1031 Exchange 2020 was quite a year and presented many challenges. In this New England Real Estate Journal, 2020 Year in Review Spotlight Edition, Northern 1031 Exchange Vice President, Michele Fitzpatrick, reflects on the unprecedented year and the many positive aspects that came out of working through the pandemic. READ MORE How vacation homes qualify for a 1031 tax deferred exchange DECEMBER 3, 2021 1031 Exchange The IRS provides a safe harbor for vacation rentals. In the 2018 New England Real Estate Journal article written by Northern 1031 Exchange Senior Vice President, John Starling, he highlights the details and the differences between a second home and a vacation rental. READ MORE VP Michele Fitzpatrick featured in NEREJ’s “2020 Women in Real Estate” DECEMBER 3, 2021 1031 Exchange The New England Real Estate Journal featured Northern 1031 Exchange Vice President, Michele Fitzpatrick, in the September 2020 “Women in Real Estate” Spotlight Edition. READ MORE SVP John Starling featured on YouTube DECEMBER 3, 2021 1031 Exchange In this episode of Everything Real Estate hosted by Realtor Randy Herman, our Northern 1031 Exchange Senior Vice President, John Starling, takes a deep dive into the basics of 1031 Exchange. He discusses the advantages of using 1031 to defer taxes, the types of properties that qualify and ways to structure an exchange, including forward, reverse and improvement exchanges. READ MORE Seven ways 1031 Exchange helps achieve investment goals DECEMBER 3, 2021 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. READ MORE How to: Create “The Great Real Estate Tax Break” DECEMBER 3, 2021 1031 Exchange Taxpayers can use both a 1031 Exchange AND the 121 primary tax exemption to create “The Great Real Estate Tax Break.” In an article written by John Starling, Northern 1031 Exchange Senior Vice President, he outlines detailed examples of properties that could combine these two tax codes for maximum savings. READ MORE VP Michele Fitzpatrick joins PropLogix podcast DECEMBER 3, 2021 1031 Exchange In June 2021, Northern 1031 Exchange Vice President, Michele Fitzpatrick, spoke with Amanda Farrell of PropLogix. Fitzpatrick discussed the 1031 Exchange process and how title agents can assist their clients through the transaction. READ MORE SVP John Starling answers two burning 1031 Exchange questions DECEMBER 3, 2021 1031 Exchange Can you sell your property to a related party and still qualify for a 1031 tax deferred exchange? Can you buy your replacement property from a related party and still qualify for an exchange? John Starling, Senior Vice President at Northern 1031 Exchange, answers these important questions in a 2018 edition of the New England Real Estate Journal. READ MORE Follow these tips for safe and secure online shopping NOVEMBER 30, 2021 BY: RAJ SHARMA Information Security With the holiday season approaching, most of us will be starting our online shopping. While it is super convenient, online shopping is also an opportunity for criminals to steal your personal information and money. The good news: By following some simple steps you can protect yourself from being a victim of fraud. Before entering personal information on a website, make sure the site is legitimate and safe. A site that displays “https” is secure. READ MORE 1031 Exchange in a "Hot" Real Estate Market NOVEMBER 19, 2021 1031 Exchange Exchanging in a “hot” real estate market is just as relevant today, as it was in 2017 when Northern 1031 Exchange Senior Vice President, John Starling, wrote this article for the New England Real Estate Journal. Selling a property in the current hot real estate market is the easy part. Buyers are plentiful and offers are high. However, securing a replacement property to buy in a hot market is where it gets tricky. READ MORE Ransomware - Know, Identify and Prevent OCTOBER 19, 2021 BY: RAJ SHARMA Information Security October is Cybersecurity Awareness Month, which was established to promote the role that cybersecurity plays in our everyday lives. Now in its 18th year, Cybersecurity Awareness Month was founded by the National Security Alliance and the Department of Homeland Security. Recently, ransomware attacks have hit our schools, small businesses, etc. and are a major focus of this year’s Cybersecurity Awareness Month. Ransomware is a form of malware that encrypts a victim's files and folders. READ MORE 1031 Exchange and the Tax Reform Bill - What It Could Mean to Investors OCTOBER 14, 2021 BY: MICHELE FITZPATRICK 1031 Exchange Lately, the Tax Reform Bill and proposed cap on Like Kind Exchanges (LKEs) has been making headlines. This cap will impact real estate investors who utilize exchanges to grow and diversify their businesses. As Congress continues to debate the Tax Reform Bill, the benefits of 1031 exchange continue to mount. Like many other financial institutions, Northern Bank is working on understanding the Bill’s impact on investor clients and addressing their concerns. READ MORE How to Protect Yourself from Popular Imposter Scams SEPTEMBER 28, 2021 BY: RAJ SHARMA Information Security An imposter scam occurs when an individual, or a group of people, trick victims into sending money or providing confidential information. Your information is then used to steal your money or identity. Imposter scams are conducted using various methods. A phone call used to be the most popular but has since been replaced with emails and texts. Despite the sophistication of modern impersonation scam techniques, there are simple ways to protect yourself. READ MORE How to Avoid a Mobile Device Security Breach AUGUST 19, 2021 BY: RAJ SHARMA Information Security Mobile devices have become an integral part of everyday life, storing personal and important information, including pictures, emails, apps, and financial accounts. Almost anything that can be done on a computer can now be done from a mobile device. As mobile devices become even more robust, it becomes even more critical to maintain device security. Our mobile security tips, combined with staying vigilant, can help mitigate your risk of cyber attack. READ MORE Littleton High Graduate Awarded Northern Bank McGarry Scholarship JULY 13, 2021 Press Release In memory of Jim McGarry, the Northern Bank Charitable Foundation would like to extend a big congratulations to the 2021 James E. McGarry Jr. Scholarship recipient Luke Witherell of Littleton. The scholarship was established in 2014 to honor the late “Jim” McGarry of Woburn and his 50 years of service at Northern Bank, as well as his lifelong affinity for, and ongoing support of the police and fire departments in the community. READ MORE Identity Theft – What to Do Right Away! JUNE 25, 2021 BY: MICHAEL QUIGLEY Fraud Prevention What is identify theft and how does it occur? According to the FTC, identity theft occurs when someone uses your personal or financial information to make purchases, get benefits, file taxes, or commit fraud. It usually occurs due to a data breach where your personal information was stored somewhere and stolen. You can also become a victim if you provide your personal information to a malicious caller or if one of your personal passwords are compromised. READ MORE 1031 Exchange: Why It Matters and How It Can Help You JUNE 17, 2021 BY: MICHELE FITZPATRICK 1031 Exchange Did you know that summer is the busiest season in real estate? Northern Bank's Michele Fitzpatrick was recently invited to present a CE credit class for Cotter Law and the WFG Real Estate School, where the hot real estate market was the focal point of discussion. She was joined by Attorney Elizabeth Cotter of Cotter Law and Lisa Stills from WFG National Title Insurance Company. READ MORE Gift Card Fraud- What You Need to Know MAY 24, 2021 BY: MICHAEL QUIGLEY Fraud Prevention The simplest way to protect yourself from fraud is to be aware. Recently during the pandemic, there’s been an increase in scammers making fake calls asking consumers to make payments with gift cards. Gifts cards are not to be used to pay the IRS, social security, tech support, or a family member. READ MORE 4 Ways To Go Green With Your Banking This Earth Day APRIL 21, 2021 Press Release Every year, Earth Day sparks much reflection on green living and environmental protection. But how often do you think about the environment in relation to your banking habits? Fortunately, you can save the environment and your money with these four quick tips. READ MORE Protect Your Business Against a Corporate Account Takeover MARCH 29, 2021 BY: RAJ SHARMA Information Security Corporate Account Takeover occurs when cybercriminals gain unauthorized access to business accounts using various online tools. Leveraging these tools, cybercriminals can access online banking accounts and gather applicable information to conduct financial crimes. READ MORE Taking the Plunge, A Swim School’s Story of Perseverance OCTOBER 21, 2020 SBA After thirty years in the financial services consulting sector, Tobey Kelly decided it was time to take a step back and develop a plan for her “second act.” In June of 2018, Tobey left her job in the corporate world and by November 2018, her and Tim were the newest franchisees for Goldfish Swim School in Milford, MA. READ MORE 7 Ways 1031 Exchange Can Help You Achieve Your Investment Goals SEPTEMBER 23, 2020 BY: MICHELE FITZPATRICK 1031 Exchange We have focused on who can utilize a 1031 Exchange, what types of properties qualify, when is the best time to exchange and most often, how the process works. However, it is equally as important to understand WHY investors exchange, so you can better determine if an exchange is right for your business. READ MORE Germ Fighting Soap Leads to New Possibilities SEPTEMBER 22, 2020 SBA When the state of Massachusetts shut down, the large Boston office buildings emptied. With that mass exodus, Myeong Lowe, founder and owner of Utopia Cleaners, witnessed the need for dry cleaning services plummet overnight; No button-down shirts, suits, and handle with care apparel required for these now remote workers. READ MORE North Reading High Graduate Awarded Northern Bank McGarry Scholarship AUGUST 26, 2020 Press Release The Northern Bank Charitable Foundation annually selects a child of one of our local police or firefighters as the recipient of the James E. McGarry scholarship. The 2020 scholarship winner, Samantha Galvin graduated with a 4.0 from North Reading High School and will be attending Harvard University in the fall. READ MORE Fighting Hunger: Community Giving Update AUGUST 18, 2020 Press Release COVID-19 has had a significant impact on the homeless families in our communities, with many going hungry. READ MORE News For Our Customers Regarding Coronavirus JUNE 28, 2020 Press Release During this challenging and uncertain time, our goal at Northern Bank is to provide the high level of service and support that we have delivered for the past 60 years. We know this current situation has not only impacted your everyday lives, it has also put an economic strain on many of our business and consumer customers. READ MORE We Now Have Time…Time to Get Back to the Basics JUNE 9, 2020 Business Banking In 1964, the Edward M. Connolly Insurance Agency, a family-owned business, moved into a charming yellow Victorian that once housed the J.M. Fletcher general store, circa 1855. In 1997 he purchased and renovated the building to make it their place of business and family home. READ MORE Social Distancing Doesn’t Mean Disconnecting MAY 27, 2020 Business Banking Now more than ever people are turning to their healthcare providers for guidance and support. Acton Medical Associates has remained committed to their patients during these challenging times, acting as a trusted resource for information and advice. READ MORE Embracing the Unknown and Finding the Fun MAY 18, 2020 Business Banking Libby Dagostino purchased the Littleton consignment shop, Options Boutique, in July of 2019. During the Pandemic, she tapped into the expertise of local businesses and loyal customers. “People were reaching out to me on a daily basis, offering advice and help.” READ MORE A Time for Collaboration, Not Competition MAY 12, 2020 Business Banking Since the pandemic started, some projects have been put on hold, but fortunately, most of Sheila’s work has continued. Sheila Clarke, a Reading native and owner of M&H Interiors, shared that due to the stay at home order, people are now working from their kitchens or living rooms and those design projects are top of mind. READ MORE More Than Just A Workout, A Community Worth Fighting For MAY 8, 2020 Business Banking After more than a decade working in business development for international law firms, Lauren Macaulay was ready to explore a new career path. Hear Lauren's journey to becoming a TITLE Boxing Club franchisee and how she has pivoted during the Pandemic. READ MORE Tapping Into Technology to Keep Dancers on their Toes MAY 6, 2020 Business Banking Center Stage in Melrose was forced to close their doors when COVID-19 struck. Navigating through this unprecedented time has not been easy, but not even a pandemic could stop this mother-daughter duo. READ MORE Building Bridges for a Brighter Tomorrow MAY 1, 2020 Business Banking For over 14 years Joe Cataldo and his son Mike have run M.J. Cataldo, Inc., based in Littleton, MA. Their business specializes in site development, full-service landscaping and property maintenance. Hear how Team Cataldo, has adapted their day-to-day operations in response to the pandemic. READ MORE Staying Safe During Tax Season JANUARY 27, 2020 BY: RAJ SHARMA Information Security Tax season may feel like it’s far away, but it will be here before you know it, increasing the risk of online tax scams. There have been reported cases by the Federal Trade commission where criminals use another person’s social security number and file the tax return to get the tax refund. READ MORE Jim Mawn Named Heading Home's 2019 Corporate Partner of the Year JANUARY 27, 2020 Press Release Northern Bank has an honorable legacy of community service throughout Middlesex County. On Tuesday December 10th, Jim Mawn, President and CEO of Northern Bank, was honored as Heading Home’s Corporate Partner of the Year. READ MORE How To Spot A Fake Check SEPTEMBER 11, 2019 BY: RAJ SHARMA Information Security The FDIC published a consumer news article related to the risk of fake bank checks. Although a bank check is typically considered safer than a personal check, there are certain scams that target potential victims. READ MORE 7 Back to School Cyber Security Tips AUGUST 26, 2019 BY: RAJ SHARMA Information Security Most kids today are plugged into devices like TVs, tablets, and smartphones well before they can even ride a bike. As our kids head back to school, social media usage will be on the rise. And as a result, kids can be exposed to unique risks in cyberspace. READ MORE Northern Bank becomes a Preferred Lender with the Small Business Administration AUGUST 1, 2019 Press Release Northern Bank recently achieved the “U.S. Small Business Administration Preferred Lender” designation, giving the bank the ability to provide small business loans to more companies and, in many cases, faster than ever before. READ MORE Northern Bank Charitable Foundation awards 2019 McGarry Scholarship JULY 19, 2019 Press Release The Northern Bank Charitable Foundation awarded the 2019 James E. McGarry, Jr. scholarship to Kelsey Bozek. This scholarship, established in 2014, honors the late “Jim” McGarry of Woburn for his 50 years of service to Northern Bank. READ MORE 1031 Exchange Related Party Questions MAY 30, 2019 BY: MICHELE FITZPATRICK 1031 Exchange Let's explore two 1031 Exchange Related Party questions related to buying and selling properties. (1) Can you sell your property to a related party and still qualify for a 1031 tax deferred exchange? (2) Can you buy your replacement property from a related party and still qualify for a 1031? READ MORE Northern Bank Charitable Foundation Surpasses $1,000,000 in Giving APRIL 24, 2019 Press Release We are so very pleased to announce that this past month, the Northern Bank Charitable Foundation has surpassed the $1 Million mark in total giving since the Foundation began in 2012. READ MORE Northern Bank Donated $62,000 to Heading Home FEBRUARY 25, 2019 Press Release Northern Bank teamed up with New England’s Sony Michel and 98.5 the Sports Hub for their “Taking it to the House” campaign. As part of the campaign, Northern Bank donated $1,000 to Heading Home Inc. for every New England touchdown during the regular season. READ MORE Northern Bank Featured in Condo Media JANUARY 8, 2019 Press Release Northern Bank was featured in the January 2019 edition of Condo Media. Pamela Schweppe explores how Northern Bank, headquartered in Woburn, MA, has a commonsense approach to banking solutions. READ MORE Northern Bank Charitable Foundation Awards 2018 McGarry Scholarship AUGUST 20, 2018 Press Release The Northern Bank Charitable Foundation awarded the 2018 James E. McGarry, Jr. scholarship to Ryan Jefferson. This scholarship, established in 2014, honors the late “Jim” McGarry of Woburn for his 50 years of service to Northern Bank. READ MORE Northern Bank Named #1 Community Bank in New England MAY 16, 2018 Press Release Northern Bank was named the #1 Community Bank in New England by S&P Global Market Intelligence list of community banks in the $1 billion to $10 billion asset category. This marks the eighth consecutive year that Northern Bank has been selected as #1 on this industry list of top performers. READ MORE Partnering with Northern Bank for Three Generations MARCH 8, 2017 Business Banking In the mid 1970’s, George Gately Sr. started a multi-generational relationship between his family and Northern Bank. Since then, three generations of Gately’s have partnered with Northern Bank to drive the growth of their business. READ MORE Trusted Banking Partner for the Trades FEBRUARY 1, 2017 Business Banking "We've used three banks since opening our business in 2007, our most recent move was to Northern Bank, we've found a home. They have exceeded our expectations by far." READ MORE TOPICS Press Release 13 1031 Exchange 14 SBA 2 Business Banking 9 Information Security 8 Fraud Prevention 2 FEATURED POSTS Northern Bank Charitable Foundation Surpasses $1,000,000 in Giving April 24, 2019 Northern Bank Charitable Foundation awards 2019 McGarry Scholarship July 19, 2019 FOLLOW US @NorthernBankMA @NorthernBankMA @NorthernBankMA @Northern-Bank-MA 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 assets of $2 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, an Equal Housing Lender, and consistently ranked among the best performing community banks in New England. Ready to take the next step? We're here to help! Contact us now to learn more about how Northern Bank can help you realize your goals and dreams. CONTACT US HELP BANKING ABOUT USEFUL LINKS Legal Disclosures Privacy Policy NMLS ID: 472275 Equal Housing Lender Member FDIC © 2021 Northern Bank & Trust Company.