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Finance
Posted: July 12, 2019
The Village Bank promotes Jirichian to assistant treasurer and hires Cavanaugh and Zacharer
Auburndale, MA The Village Bank has promoted JoAnn Jirichian abd has hired Reilly Cavanaugh and Susan Zacharer.
Jirichian, who joined The Village Bank in 2008, was promoted to assistant treasurer/branch manager of the Bank’s Nonantum branch. During her tenure at The Village Bank, she has been instrumental in serving the needs of personal and business banking customers. She is the recipient of the Bank’s 2017 President’s Award for providing outstanding customer service.
Cavanagh, joined The Village Bank in May, and will serve as branch manager of the Newton Centre branch. Prior to joining The Village Bank, he served as assistant branch manager of Belmont Savings Bank.
Zacharer joined The Village Bank in May as assistant vice president and business development officer. She brings a track record of cultivating business banking relationships, having previously served in business development roles for Sage Bank and for Lowell Five Bank. Most recently, she served as director of development of the Merrimack Valley Food Bank.
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Finance
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Columns and Thought Leadership
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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.
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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
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.
