News: Finance

BayCoast Bank promotes Silva to vice president of loan operations

BayCoast Bank, formerly Citizens~Union Savings Bank, has promoted Nancy Silva to the position of vice president of loan operations. In this role, she will manage and maintain the core operating system of BayCoast Bank in an effort to streamline processes and ensure efficiency. In addition she will offer support and training to loan operations staff regarding the servicing of loans. Silva has over 20 years of knowledge and experience in banking. Prior to joining BayCoast Bank, Silva worked for Abington Savings Bank for 10 years, becoming the collections manager and loan operations supervisor. She was also employed at Crescent Credit Union as a collections manager and later collections adjuster. Due her experience, Silva has developed a strong background in all aspects of collections and loan servicing including staff training along with assigning, directing and delegating responsibilities. Expressing a self-motivated attitude and strong leadership, she is sure to demonstrate her resourceful capabilities in her new position. The promotion was announced by BayCoast Bank CEO and president Nicholas M. Christ, who said, "Nancy is a valued member of the BayCoast team and will continue to be an asset to not only our customers but to her colleagues as well."
Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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