News: Finance

Haverhill Bank breaks ground on new branch in 22,000 s/f retail plaza

Town officials, contractors and business leaders joined Haverhill Bank executives and staff at the groundbreaking for the bank's new branch. Groundbreaking came upon receipt of approvals from all state and federal bank regulatory agencies. Haverhill Bank is joining CVS and three other retail stores in a 22,000 s/f retail plaza along Rte. 97 at the Methuen, Mass. and Salem, N.H. border. The branch opening is expected to take place in November. "Haverhill Bank has developed a unique local focus that is expected to be welcomed by residents and businesses alike in the Salem, N.H., Atkinson, N.H. and Methuen, Mass. markets that will be served by the new branch," said Haverhill Bank president and CEO Thomas Mortimer. "As a community bank for more than 135 years, Haverhill Bank has been part of the communities it serves and looks forward to becoming involved in these communities as well." Participating in ground breaking ceremonies were, (from left): Larry Bird, project superintendent, Maple Leaf Construction; Loren Dubois, president, Maple Leaf Construction; William Francoeur, project manager, Maple Leaf Construction; Trisha St. Cyr, Salem, N.H. branch manager, Haverhill Bank; Thomas Faulkner, chairman of the board of directors, Haverhill Bank; Thomas Mortimer, president and CEO, Haverhill Bank; Keith Hickey, Salem, N.H. town manager; Donna Morris, executive director, Greater Salem, N.H. Chamber of Commerce; Sheryl Parsons, executive committee, Greater Salem, N.H. Chamber of Commerce; Jennifer Cantwell, vice president, Greater Haverhill Chamber of Commerce; and Joseph Bevilacqua, president and CEO, Merrimack Valley Chamber of Commerce.
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.