News: Financial Digest
Posted: April 14, 2023
The Village Bank hires Cruz as assistant vice president, fraud officer
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, they have hired Jennifer Cruz as assistant vice president/fraud officer.
Cruz joins the bank after working as the financial crimes unit operations manager at Rockland Trust. She previously was vice president of fraud prevention for East Boston Savings Bank, where she worked for 11 years. She also was an assistant branch manager for Danversbank.
Cruz graduated from Salem High School and attended Salem State University, where she received a degree in criminal justice. The Peabody resident also earned her certified fraud examiner credential through the Association of Certified Fraud Examiners.
In this newly created role, Cruz will be responsible for the effective oversight of The Village Bank’s fraud prevention program and fraud personnel.
The Village Bank, chartered by the state in 1910, has eight full-service offices in Newton and Wayland, and a corporate office and loan center in Upper Falls. With assets of more than $1.8 billion, The Village Bank is a member of the FDIC and the DIF.
Tags:
Financial Digest
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.
Quick Hits
Columns and Thought Leadership
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.
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
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.
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)