News: Finance

Buscone and Osborne promoted to executive vice president at Eastern

Boston, MA According to Eastern Bank, Gregory Buscone and Matthew Osborne have been promoted to executive vice president, senior commercial banking officer. Both are also members of Eastern’s commercial credit committee. Both will continue to report to Jan Miller, vice chair and chief commercial banking officer.

Buscone joined Eastern in 2017 as senior vice president and regional group head in commercial banking with responsibility for Eastern’s commercial & industrial lending portfolio. The business group also expanded its Asset Based Lending team in 2018. Previously, Buscone spent 17 years at Citizens Bank, serving as a senior vice president and market manager for Massachusetts middle market and specialized lending. 

Osborne is responsible for Eastern’s commercial real estate, community development and New Hampshire lending teams. Their services include investor commercial real estate, non-profit, affordable housing, and tax credit sponsored financing. Osborne joined Eastern in 1998 after beginning his career with The Hibernia Savings Bank in Quincy. 

“Under Greg and Matthew’s leadership, Eastern’s Commercial Banking business is experiencing unprecedented growth, yet it is their strong commitment to their customers, communities and teams that so closely aligns to Eastern’s purpose of doing good things that help people prosper,” said Bob Rivers, chair and CEO of Eastern Bank. “We are proud of them and the work of their teams, and congratulate them on their well-deserved promotions.”

Tags: Finance
MORE FROM Finance

C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties

Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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
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.