News: Finance

Lucitt named vice president of commercial lending at Bank of Canton

Stephen Lucitt

Canton, MA Stephen Lucitt has joined Bank of Canton as vice president of commercial lending. Throughout his lending career of more than 30 years, Lucitt has earned accolades for his ability to develop loan portfolios, establish credit policy, and build successful business relationships.

“For years, I’ve enjoyed helping the local business community grow,” said Lucitt, whose experience includes commercial real estate (CRE), construction, commercial & industrial (C&I), and Small Business Administration (SBA) lending.

“Bank of Canton’s client-focused approach to lending and underwriting gives me the tools and flexibility to develop highly customized financing packages that will help clients achieve their goals. The Bank of Canton team is 100% committed to client success, and I’m glad to be a part of this talented group,” said Lucitt.

Working out of the bank’s 490 Turnpike St. headquarters, Lucitt serves clients throughout the Greater Boston area. Since 1993, he has held vice president and assistant vice president roles in commercial lending and business development at South Shore and Boston-based community banks.

“Stephen has tremendous experience in all facets of commercial lending,” said executive vice president Michael Lindberg, “and he knows how to work with a wide range of clients across industries. We’re looking forward to him continuing his success at Bank of Canton.”

Lucitt earned his B.S. in Business administration from the University of Southern California. He holds an M.B.A. from Suffolk University and is a graduate of the ABA Stonier Graduate School of Banking.

Tags: Finance
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.
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
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