Understanding 1031 Exchange with Brookline Bank: Insights from an Industry Expert
Understanding 1031 Exchange: Insights from an Industry Expert Thomas E. St. Jean is Senior Vice President and Manager of Brookline Bancorp 1031 Exchange Services LLC, and has provided Qualified Intermediary services for the last 24 years. Deferring Capital Gains on Investment Real Estate Sales 1031 Exchange is a tax-deferred transaction that allows investors to sell a property and defer payment of capital gains tax and depreciation recapture when the requirements and process for deferral are followed. In
Brookline Bank Recognized as Top SBA Lender to Manufacturers in Massachusetts
Brookline Bank announced today that it was named the #1 SBA Lender to Manufacturers for Fiscal Year 2024 by the Massachusetts SBA District Office. The Bank was recognized for the achievement at the SBA MA Lender Awards and Annual Meeting held December 13th in Newton.“We are honored to be recognized by the SBA for this award,” said Leslie Joannides-Burgos, EVP & Division Executive Retail and Business Banking at Brookline Bank. “This award is a reflection of Brookline Bank’s commitment and dedication to the
Brookline Bank EVP & CDO Talks How Technology Continues to Make Advances in Payment Processing
Mona Macero – EVP, Chief Digital Officer, Brookline Bancorp Payment processing remains a crucial part of a bank’s service offering, even as the industry has shifted from analog to digital processing. In a relatively short time span, commercial payment processing has evolved from paper-based check payments dependent on U.S. Mail for delivery, to electronic payment options such as online bill payment, ACH, and wire transfers. Technological advancements have created faster payment options supporting
Five Questions With Brookline Bank VP Sean McGrath
Sean McGrath serves Brookline Bank as a Vice President in the Commercial Banking Group. He joined Brookline in April 2018. Sean has a background in designing and implementing financing and deposit strategies for insurance carriers and agencies. He is a licensed Massachusetts Property & Casualty Insurance Advisor and Commercial Lines Coverage Specialist (CLCS) – one of the few commercial bankers in Massachusetts to obtain these designations. Sean gained invaluable insurance experience as a Sales Account
