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Finance
Posted: March 13, 2014
Rockville Bank promotes Kucia to chief credit officer and hires Paulson
According to William Crawford, president and CEO of Rockville Bank and Rockville Financial, Inc. , Mark Kucia, currently executive vice president and head of commercial banking, is being promoted to chief credit officer. Kucia has built the commercial banking line of business at Rockville Bank from $350 million in commercial loans to now $1.1 billion in commercial loans.
Also, Dave Paulson will be joining Rockville Bank as executive vice president, head of wholesalebanking. Paulson is a 29-year corporate and commercial banker with an exceptional banking reputation in the eastern United States. 25 of his 29 years in commercial banking were dedicated to the New England region as well as New York.
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Finance
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Columns and Thought Leadership
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.
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
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
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
