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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eBook Download ↓

Introduction to 1031 Exchange: A Step-by-Step Guide

Know & Grow

Preserve profit and built wealth through tax deferred exchange.

Selling investment or business property requires you to pay taxes on the profit from the sale. But, did you know that if you wish to reinvest, it is possible to defer paying the tax

and use the entire amount of equity from the exchange to acquire substantially more replacement property? That's just one of the benefits of a 1031 Exchange.

By deferring taxes. a property owner can:

  • Improve cash flow
  • Consolidate or diversify their holdings
  • Solve management problems
  • Increase leverage
  • Enhance the opportunity for greater wealth

Northern 1031 Exchange* acts as the Qualified Intermediary (QI) in an exchange, which is a key requirement for completing a qualified tax deferred transaction. As a QI, we have extensive knowledge of the exchange procedures and contract stipulations and are here to help make the process easier.

Download our eBook now to gain expert insights into the process and requirements for completing a successful 1031 Exchange.

Download our eBook now.

* Northern Bank, including its subsidiary Northern 1031 Exchange, LLC does not provide tax, legal or accounting advice, nor can we make any representations or warranties regarding the tax consequences of your exchange transaction. We strongly encourage you to seek appropriate professional advice regarding your specific facts and circumstances.