Name: Martin Geitz
Title: Chair, Connecticut Bankers Association
Company: Simsbury Bank
Location: 760 Hopmeadow St., P.O. Box, 248, Simsbury, CT 06070
Birthplace and year: Inglewood, N.J., 1956
Family: Wife, Brenda and 3 children
College: Johns Hopkins University, BA, German Literature; Cornell, MBA
First job outside of finance: Wendy's, fast food manager
First in finance or allied field: Commercial relationships for Continental Bank, Chicago, Ill.
What do you do now and what are you planning for the future? Ensure value for members; lobbying activities, education regulatory compliance; communication for industry changes, both to members and to the public.
Hobbies: Travel, golf, cooking
Favorite book: "Undaunted Courage" by Stephen Ambrose
Favorite movie: "The Godfather"
Persons you admire most (outside of family): People who dedicate their lives to solving social problems of inequality and unequal access to capital such as: Elyse Cherry and Dick Jones of Boston Community Capital and Sam Hamilton of Headco.
Key to success: Hard work
If you had to choose another vocation what would it be? Tour guide for travel.
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
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
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.
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.