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. Be wary of texts, calls, or emails that ask you to log into, or send money with, payment apps. If you receive a call matching this description, or alerts of suspicious activity on your account, please contact us immediately at 1-800-273-6908 Option "0".

December 29, 2021

VP Michele Fitzpatrick Featured on NEREJ Podcast

1031 Exchange
Podcast microphone

In December, Northern 1031 Vice President Michele Fitzpatrick spoke with host Rick Kaplan of the NEREJ Podcast. She spoke to the basics of 1031 exchange, including related requirements and restrictions, and different types of transactions that can be considered under the tax code.


Michele discussed possible ramifications of the current administration’s proposed changes to the step-up in basis provision. She said that the provision, and 1031 in general, should not be seen as an unfair tax sheltering strategy. Instead, it is a way for everyday property owners to increase personal wealth.

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About Northern Bank & Trust Company

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 $3.11 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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