Let's explore two 1031 Exchange Related Party questions related to buying and selling properties. (1) Can you sell your property to a related party and still qualify for a 1031 tax deferred exchange? (2) Can you buy your replacement property from a related party and still qualify for a 1031?

We are so very pleased to announce that this past month, the Northern Bank Charitable Foundation has surpassed the $1 Million mark in total giving since the Foundation began in 2012.

Northern Bank teamed up with New England’s Sony Michel and 98.5 the Sports Hub for their “Taking it to the House” campaign. As part of the campaign, Northern Bank donated $1,000 to Heading Home Inc. for every New England touchdown during the regular season.

Northern Bank was featured in the January 2019 edition of Condo Media. Pamela Schweppe explores how Northern Bank, headquartered in Woburn, MA, has a commonsense approach to banking solutions. 

The Northern Bank Charitable Foundation awarded the 2018 James E. McGarry, Jr. scholarship to Ryan Jefferson. This scholarship, established in 2014, honors the late “Jim” McGarry of Woburn for his 50 years of service to Northern Bank. 

Northern Bank was named the #1 Community Bank in New England by S&P Global Market Intelligence list of community banks in the $1 billion to $10 billion asset category. This marks the eighth consecutive year that Northern Bank has been selected as #1 on this industry list of top performers.

In the mid 1970’s, George Gately Sr. started a multi-generational relationship between his family and Northern Bank. Since then, three generations of Gately’s have partnered with Northern Bank to drive the growth of their business.

"We've used three banks since opening our business in 2007, our most recent move was to Northern Bank, we've found a home. They have exceeded our expectations by far."