News: Finance

Benjamin Franklin Bank and Bencorp receive national recognition for outstanding service to their communities

Benjamin Franklin Bank, through the efforts of Bencorp, its employee volunteer organization, was recently recognized for its contributions to the community at the American Bankers Association (ABA) National Conference for Community Bankers in Phoenix, Ariz. Benjamin Franklin Bank and the Bencorp team received a certificate of recognition for the positive impact its volunteer outreach programs have had on the communities located within the Benjamin Franklin Bank's service area. "Bencorp is honored to receive recognition for our commitment, passion and leadership throughout the year," said Linda Fortier, president and founder of Bencorp. "Benjamin Franklin Bank and Bencorp have distinguished themselves with their longstanding commitment to give back to the community." Through the ABA Community Bank Award Program, the ABA honors institutions that have taken an innovative, creative and effective approach to making a difference in their communities. Bencorp is an employee based community outreach program that provides volunteer services and financial education to organizations and communities within the Benjamin Franklin Bank service area. Benjamin Franklin Bank is a full service community bank founded in 1871 with eleven branches located in the communities of Bellingham, Foxboro, Franklin, Medfield, Milford, Newton, Waltham, Watertown and Wellesley. The Bank's overall service area covers the market within New England's three largest cities of Boston, Providence, and Worcester.
Tags: Finance
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Columns and Thought Leadership
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.
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.
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