News: Finance

The Village Bank opens new branch in West Newton

The Village Bank, headquartered in Auburndale with offices there and in four other Newton villages, will expand its local footprint with the opening of a new, full-service office at 1369 Washington St. According to Kenneth Brennan, president and CEO, the expansion into West Newton was a natural progression in the bank's growth. The new Village Bank branch will debut with grand opening specials from January 26th through February 21st, including two free tickets to the West Newton Cinema with new account openings, and a free prize drawing to win one of four Amazon Kindles, a wireless e-book reader. Special product pricing will also be in effect during the grand opening celebration. Manager of the West Newton branch is Gary Vitti, a Newtonville native who joined The Village Bank in 2007 with over 20 years of branch management and lending experience. Prior to his banking career, Vitti and his brother owned and operated a popular Newton landmark, Bunny's Market on River St. "We have a large customer base in that village, and we are pleased to be in a position to provide them with a more convenient banking location, and to be able to bring the Village Bank brand of banking to other residents and businesses, as well," Brennan said. The Village Bank has a history of partnerships with the village, including its longstanding sponsorship of the popular Paddy's Road Race, in support of Newton Special Athletes. The Bank also lends financial support to other non-profit organizations located in the village, including the Newton Community Service Center and the Greater Boston Chinese Cultural Association. Established in 1910, the bank's current branch locations include Auburndale, Newton Highlands, Newtonville, Nonantum, Waban, and Wayland, and the Village Loan Center in Auburndale. West Newton will be the seventh branch location. The Bank also offers online banking services at village-bank.com. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and a member of the Share Insurance Fund (SIF). All deposits are insured in full.
Tags: Finance
MORE FROM Finance

Walsh and Sidel of EagleBridge Capital arrange $5.9 million construction mortgage financing for Cedarbrook Homes

Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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