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.
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.
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.
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
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 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.