Please note that our Acton branch will be closed on Friday, May 15 due to construction, and our Westford branch will be closed on Saturday, May 16, for the Westford Apple Blossom Parade. As always, you can access your account 24/7 with mobile, online banking & our ATM network.

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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By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours. 

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Northern 1031 Exchange 1031 Exchange Basics

Whether you’re a real estate investor, advisor, or professional looking to deepen your understanding of tax-deferred exchanges, this foundational webinar breaks down the core mechanics of a 1031 exchange and what every participant should know to navigate one successfully.

In this session, Northern 1031 Exchange walks through the essential rules, timelines, and key considerations that determine whether you can defer capital gains taxes when selling investment property and acquiring a replacement.

In this webinar, you’ll learn:

  • Tax implications of selling vs. exchanging
  • Critical time requirements
  • Formats & variations of exchanges
  • Common exceptions
  • Qualified Intermediary (QI) due diligence

This session is ideal for anyone preparing to implement a 1031 exchange or wanting a clearer picture of the rules and best practices that govern these powerful tax-deferral strategies.

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Be Aware of Tax Scams

As tax season approaches, it’s an important time to get your finances in order—but it’s also a peak period for cybercriminal activity. Scammers frequently exploit this time of year by sending fraudulent emails or making phone calls that appear to come from legitimate tax-related organizations.

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About Northern Bank

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 $3.17 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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