News: Financial Digest

Staiti promoted to senior vice president, regional executive for commercial banking at Rockland Trust

Peter Staiti

 

Worcester, MA According to Rockland Trust, Peter Staiti has been promoted to the position of senior vice president, regional executive for commercial banking. In this new role, Staiti will be responsible for leading and managing a team of experienced commercial banking professionals across Worcester County and Central Massachusetts.

“Peter’s deep understanding of the marketplace and extensive experience in commercial banking will continue to help us deepen our presence in Central Massachusetts,” said Jim Rizzo, chief commercial banking officer at Rockland Trust. “Under Peter’s guidance, our talented colleagues will introduce more businesses to our relationship-oriented banking services.”

Staiti first joined Rockland Trust as the lending center manager for the Worcester office in 2020 and has played a pivotal role in the successful development of the Central Massachusetts market. Before joining Rockland Trust, he was a senior relationship manager at TD Bank. Staiti, a graduate of Worcester State University, brings over 20 years of commercial banking experience to his new role.

Beyond his professional accomplishments, Staiti is actively engaged in the community. He serves as a trustee and member of the executive committee of The Barton Center for Diabetes Education, on the board of directors of The Worcester Regional Chamber of Commerce, and on the Worcester State University Foundation Board.

Previously, he was a board member of the Mohegan Council of the Boy Scouts of America (now The Heart of New England Council) and served as the President of the Worcester Young Businessmen’s Association. Peter resides in Holden with his three children and partner, Courtney.

MORE FROM Financial Digest
Financial Digest

Example Story Title FD 5

Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
What’s UP with that? - by Kyle Kadish

What’s UP with that? - by Kyle Kadish

Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
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
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.