Phone call and text 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. Do not click on any links that you're unfamiliar with and be wary of texts, calls, or emails that ask you to log into online banking or send money with payment apps. If you receive a call or text matching this description, or alerts of suspicious activity on your account, please contact us immediately at 1-800-273-6908 Option "0".

Due to construction, the drive-up window and drive-up ATM will not be available at our Billerica branch. The branch will remain open during regular business hours, but the drive-up lanes will remain closed during construction.

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Webinar - 1031 Exchange

Reverse and Improvement Exchanges: Understanding Parking Arrangements

1031 Webinar Series
 

Traditional 1031 Exchanges assume you sell first and buy later. But what happens when market conditions require you to acquire a replacement property before your relinquished property sells?

Reverse and Improvement (or “build-to-suit”) Exchanges offer strategic flexibility — allowing investors to purchase first or use exchange proceeds to fund improvements. However, these transactions require careful structuring through parking arrangements and strict adherence to IRS guidelines.

In this webinar, we will explore:

  • How reverse exchanges are structured
  • The role of Exchange Accommodation Titleholders (EATs)
  • How parking arrangements work
  • Using exchange proceeds to fund renovations or improvements
  • Timing considerations and common pitfalls

Designed for investors and attorneys, this session provides practical insight into more advanced exchange strategies — and when they may be appropriate.

1
Sep
22
When

Tuesday, September 22, 2026 @ 12:00pm – 1:00pm ET

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