News: Finance

King named senior vice president and CFO at Randolph Savings Bank

Timothy King has been named senior vice president and chief financial officer at Randolph Savings Bank according to Tom Drummey, chief operating officer. King's responsibilities will include the oversight of bank accounting and finance function, being an integral part of the senior management team, along with being a part of the formulation of bank policy and objectives. King has over 21 years of related banking experience throughout the north east. King has recently served as executive vice president and chief financial officer of Atlantic Community Bank, a commercial bank located in Bluffton, SC, chief financial officer of NBRS Financial Bank, Patapsco Bank and Capital Savings Bank in Maryland as well as Mass. Co-Operative Bank in Quincy. In addition, King has worked as a senior securities trader for Fidelity Investments and has held a general securities license. He earned a bachelors degree in accounting and finance from Mount Saint Mary's University.
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