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: Replacement Property Options

Choosing the right replacement property is one of the most important steps in a 1031 exchange. In this webinar, Northern 1031 Exchange explains the relevant tax code, the taxes investors face, and the strict time requirements that must be met. This discussion dispels the like-kind property myth and explores a variety of replacement options, including vacation homes, Delaware Statutory Trusts (DSTs), and triple-net lease properties. You’ll also gain a clear understanding of identification rules and how they impact your exchange strategy. This session is ideal for investors seeking flexibility while staying compliant with IRS regulations.

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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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