News: Financial Digest

Citizens Bank and RBS Citizens names Panacopoulos vice president and community development market manager

Citizens Bank and RBS Citizens have appointed Carmen Panacopoulos as vice president and community development market manager for Massachusetts. Panacopoulos will focus on leveraging the bank's existing relationships with community organizations and leaders, and fostering new relationships to effectively serve the banking needs of the low and moderate-income communities of the state along with small businesses and economic development initiatives. Panacopoulos has more than 15 years of affordable housing and economic development experience and worked as a vice president in the commercial real estate division of RBS Citizens since 2005, where she was responsible for working with both for-profit and not-for-profit developers to help encourage the financing of affordable housing in Mass. As an active member of the community, Panacopoulos serves on the board of the Massachusetts Growth Capital Corporation, Massachusetts Housing Investment Corporation (MHIC) and the Northern New England Housing Investment Fund.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

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Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

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The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.