News: Financial Digest

Suglia and Smith join Salem Five Bank as vice presidents

According to Salem Five Bank president and CEO Joseph Gibbons, Bill Suglia has been appointed to the position of senior vice president and commercial real estate loan officer. Prior to joining Salem Five, Suglia worked as a senior vice president and division executive of commercial real estate at Citizens Bank responsible for managing the northern New England market including New Hampshire, Maine and Vermont. Also, Allison Smith has been appointed to the position of vice president and senior portfolio manager in the commercial real estate division. Smith was formerly a senior vice president in the commercial real estate division at Citizens Bank. Prior to this role she served as the vice president of credit review. Smith holds a bachelor of science degree in education from St. Lawrence University. She has served on the boards of several charitable foundations in New Hampshire and is actively involved in civic organizations in Bedford, NH, where she currently resides.
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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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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

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.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

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.