BayCoast Bank opens new location: Mello to serve as branch manager
BayCoast Bank officially celebrated the opening of its 18th branch located inside the Big Value Outlet Plaza at 714 Dartmouth St. This is the bank's second location in the town.
The bank has been working on completion of the new location since the groundbreaking, which took place in August of last year.
Ann Ramos Desrosiers, senior vice president and chief community banking officer, called the new location "our branch of the future. It represents a revolution in the banking industry that merges technological advancement with a high level of customer service. We're very excited to offer these new banking alternatives to our customers."
Milena Mello will serve as the branch manager and assistant treasurer of the new branch.
The latest BayCoast Bank branch reflects technology, including an Interactive Teller Machine (ITM), sometimes called a virtual teller. This advanced piece of equipment provides a new banking experience for customers as they complete banking transactions with the assistance of a bank employee available through a live video feed. Additionally, it enables the bank to offer extended hours throughout the week. The branch is also equipped with a Smart ATM, an open-concept floor plan, and a technology bar that allows employees to assist customers with online banking channels.
Nicholas Christ, president and CEO of BayCoast Bank, said, "It has been a great experience for us to go through the process of building this new branch and becoming a part of the South Dartmouth community. We are very happy to solidify our Dartmouth presence with this new location, and look forward to a long relationship with the community and our new neighbors here."
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property