News: Finance

Mutual Bank takes green initiative with filtration water systems

In one of a series of green initiatives, Mutual Bank, a community bank with nine branches throughout southeastern Mass. and on Cape Cod, has installed filtrated water systems in all its locations, thereby eliminating bottled water. The installation of filtered water seemed like a perfect solution for Theresa Bryant, vice president of retail banking administration, who said, "Here at Mutual Bank, we are actively looking for ways to be environmentally responsible, while at the same time provide additional benefits for our employees and customers." "By providing superior quality filtrated drinking water we also reduce the waste stream through the elimination of bottled water; we're pleased to be able to make this responsible change," said Glen White, chief executive officer of Mutual Bank. Mutual Bank is an independent, mutually-owned bank serving the community's personal and small business banking needs, with 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. For more information, visit www.MyMutualBank.com.
Tags: Finance
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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.
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
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