In honor of Memorial Day, Northern Bank branches and the Contact Center will be closed on Monday, May 27. As always, mobile banking, online banking and our ATM network are available to you 24/7.

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 $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

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