News: Finance

Cogan re-elected to 3 year term on board of directors of Mutual Bank

David Cogan, retired president and chief executive officer of Mutual Bank, has been re-elected to a three-year term as a director of the bank. He has served on the board since 1983 and is a member of the audit oversight committee. During his tenure, Mutual Bank established a consumer mortgage lending division and grew by more than 40%, from assets of $70 million to over $100 million. Cogan retired in 2003. Cogan began his banking career with Charlestown Savings Bank. In 1981 he joined Mutual Bank, then doing business as Mutual Federal Savings and Loan Association, and was named president in 1989. Cogan and his wife, Derry, make their home in Norwell, where he enjoys golf and spending time with his grandchildren. Mutual Bank is an independent, mutually-owned bank serving the community's personal and small business banking needs, with nine full-service offices in Brockton, Carver, Falmouth, Halifax, Hanson, Middleboro, Plymouth and Whitman. The Bank has operated continuously as an independent, local institution for more than a century. The main office is located at 570 Washington Street in Whitman, Massachusetts. For more information, visit www.MyMutualBank.com, or call Christine Grundy, Vice President/Director of Marketing, at 781-447-4488.
Tags: Finance
MORE FROM Finance

Walsh and Sidel of EagleBridge Capital arrange $5.9 million construction mortgage financing for Cedarbrook Homes

Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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
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
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.