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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Northern 1031 Exchange: Parties and Properties in a 1031 Exchange

Understanding who—and what—can be involved in a 1031 exchange is critical to executing it correctly. In this on-demand webinar, our Northern 1031 Exchange expert covers the different types, formats, and variations of exchanges, along with the parties and properties that qualify. You’ll gain clarity on disregarded entities, common ways to hold title, tenants in common, and how the same taxpayer rule applies, including special considerations for spouses. The session also tackles common like-kind property myths, key exceptions, and practical scenarios investors frequently encounter. Whether you’re new to 1031 exchanges or looking to refine your understanding, this webinar provides a strong foundation for compliant and successful exchanges.

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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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