News: Financial Digest
Posted: September 15, 2023
The Village Bank hires Murphy as Waltham, MA branch manager
Waltham, MA According to Joseph De Vito, president and CEO of The Village Bank, Seton Murphy has joined the bank as branch manager of the new Waltham location.
Murphy comes to the bank after a 17-year tenure at Rockland Trust, where he advanced within the retail network in town through a number of promotions. He will oversee day-to-day operations of The Village Bank’s newest branch location at 251 Moody St., which is scheduled to open late this year.
“We are excited to add Seton to our talented team of branch managers,” De Vito said. “His knowledge of the people, businesses and community in Waltham makes him a great fit as we expand into a great city.”
A West Newton resident, Murphy is a graduate of Bridgewater State University and Falmouth High School. He is the author of the 2010 book “The Running Waves.”
The Village Bank, chartered by the state in 1910, currently has eight full-service offices in Newton and Wayland, and a corporate office and loan center in Upper Falls.
With assets of more than $1.9 billion, the Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (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.
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
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)
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.