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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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: Understanding Continuity of Title and Ownership

Unlock the keys to structuring a successful 1031 exchange in this on-demand webinar. This practical, expert-led session breaks down one of the most critical components of a like-kind exchange: continuity of title and ownership.

Whether you’re a real estate investor, tax advisor, attorney, or 1031 professional, you’ll gain clarity on the rules that impact how title and ownership must be held before and after a 1031 transaction to preserve your tax deferral benefits.

Key topics covered include:

  • What continuity of title means and why the same taxpayer rule is essential in every 1031 exchange.
  • Title requirements and how the IRS views ownership continuity during an exchange.
  • Common exceptions to strict title matching — including disregarded entities such as single-member LLCs and revocable trusts.
  • Practical ways to hold title, including ownership structures that comply with 1031 rules.
  • How tenants-in-common (TIC) ownership works in a 1031 exchange and what you should know about structuring fractional interests.

Watch anytime to sharpen your understanding of one of the most foundational aspects of like-kind exchanges and avoid common pitfalls that can jeopardize your tax deferral.

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The Great Tax Break

As home prices continue to rise, an outdated tax rule is creating unintended consequences for homeowners and the market. Explore the proposed changes and how strategies like combining Sections 121 and 1031 may create new opportunities.

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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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Contact us now to learn more about how Northern Bank can help you realize your goals and dreams. 

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