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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1031 Exchange
Webinar

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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1031 Exchange
Webinar

Northern 1031 Exchange: Understanding Tax Basis

Tax basis plays a major role in determining the true financial impact of selling or exchanging investment property. This on-demand webinar walks through the taxes investors face in a sale versus a 1031 exchange and explains how exchanges can help increase long-term rates of return. Northern 1031 Exchange covers the fundamentals of tax basis, stepped-up basis, and how these concepts affect investment strategy and estate planning. The session also reviews the Section 121 primary residence exclusion and highlights the importance of qualified intermediary (QI) due diligence. Investors will leave with a clearer picture of how tax basis influences decision-making and wealth preservation.

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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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