The QI File

Qualified Intermediary

Northern 1031

Northern 1031 Exchange · Parent: Northern Bank (operating subsidiary) · Firm website

FEA membership
FEA unknown
CES® holders
Not published on cited pages
Fidelity bond
Not published on cited pages
E&O / other cover
Not published on cited pages
How funds are held
Funds unknown
Dual-signature wires
Wire controls unknown
Reverse / improvement / DST
Reverse Unknown · Improvement Unknown · DST Unknown
Last sourced
2026-09-14

Fund handling

1031 page: as an operating subsidiary of Northern Bank, Northern 1031 Exchange is subject to supervision and regulation by the FDIC and the Massachusetts Division of Banks; the firm says it is licensed and regulated. That is a bank-subsidiary regulatory sentence, not a published segregated-vs-pooled account title, TIN, or dual-signature / QEA rule. The April 2024 ‘Are They Safe and Secure?’ article is a generic how-to-choose-a-QI list (including a question whether a QI is an FEA member). It does not say Northern 1031 Exchange is an FEA member or describe this firm’s account titling.

Who it is for

Bank-owned Massachusetts QI for exchangers who want Northern 1031 Exchange — an operating subsidiary of Northern Bank — as a licensed, FDIC- and Massachusetts Division of Banks–supervised intermediary. Public brand: Northern 1031 Exchange. 1031-page contacts: Michele Fitzpatrick, 1031 Exchange Relationship Manager, VP (781-569-1852, MFitzpatrick@NBTC.com); Joseph DeSalvo, 1031 Exchange Business Development Officer (781-569-2472, JDeSalvo@NBTC.com); John Starling, Senior Vice President, 1031 Exchange (910-616-1991, 1031@NBTC.com). A street HQ is not printed on the two pages opened. Wire-instruction verification number on the 1031 page: 781-404-1972. Reverse, improvement, CES®, company FEA, bond dollars, and DST are not on those pages.

Verdict

Bank-subsidiary Woburn-market QI with a usable regulatory sentence: operating subsidiary of Northern Bank, supervised by the FDIC and the Massachusetts Division of Banks, licensed and regulated. Named officers are on the 1031 page. That is enough to list as a bank QI file. Where the money sits (segregated vs pooled, account title, dual-signature), company FEA, CES®, bond/E&O dollars, reverse/improvement, a street address, a fee card, and DST are not published on the pages opened. Do not read the April 2024 due-diligence article’s FEA question as a company membership claim. Ask for today’s certificates, the live account title, and who can release the wire before a large transfer.

Notes

This is a QI custody file, not a securities offering. The public brand on the Northern Bank 1031 page is Northern 1031 Exchange. An LLC suffix is not printed on the two pages opened 2026-09-14 and is not invented here. Northern 1031 Exchange is the intermediary that would hold exchange proceeds. A Delaware statutory trust is typically a securities offering sold by a sponsor and registered representatives — a different product. Those pages do not publish a DST desk.

1031 page: Northern 1031 Exchange is an operating subsidiary of Northern Bank and is subject to supervision and regulation by the FDIC and the Massachusetts Division of Banks. “We are licensed and regulated.” That is a bank-subsidiary regulatory claim, not a segregated-account title and not a dual-signature rule.

The April 1, 2024 article (dateline Woburn, Massachusetts) lists questions an investor should ask any QI — training, insurance, fraud protection, bank ratings, third-party audit, and whether the QI is a member of the Federation of Exchange Accommodators. Those are industry questions. They are not a statement that Northern 1031 Exchange is an FEA member, carries a named bond, or opens a segregated TIN account. feaMember, fundsHeld, and bond fields stay unknown.

1031-page contacts, still listed 2026-09-14: Michele Fitzpatrick, 1031 Exchange Relationship Manager, VP; Joseph DeSalvo, 1031 Exchange Business Development Officer; John Starling, Senior Vice President, 1031 Exchange. None of those lines carry a CES® mark.

Reverse, improvement, a street HQ, a fee card, and DST are not on the pages cited. A street address is not copied from a third-party directory. Ask Northern 1031 Exchange for today’s certificates, the live Northern Bank account title, whether a second signature is required to move funds, and who can release the wire — then read those papers, not this summary.

Sources

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Corrections and verification

Listings are sourced from public pages. Unknown is omitted, not graded. If a fact is wrong or stale, send the primary URL.

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