New leader to continue tradition of excellence, guidance for Section 1031 exchanges
Exchange Authority, a leading consultant and facilitator for Section 1031 exchanges and a wholly-owned subsidiary of Fidelity Bank, today announced the appointment of John Peculis to President and CEO, effective immediately.
Peculis comes to the Exchange Authority with more than 20 years of combined experience in commercial real estate finance across several disciplines, including lending, administration, and valuation.
Most recently, he served as Senior Vice President of Commercial Lending at Fidelity Bank, where he concentrated on commercial real estate, and commercial, industrial, and business banking. As President and CEO of the Exchange Authority, Peculis will continue to serve as a consultant to the Commercial Lending Team at Fidelity Bank. Prior to Fidelity Bank, he served in various commercial lending roles at People’s United Bank, United Bank and Millbury Savings Bank, and he previously owned and operated Allied Appraisal Associates of New England, a commercial real estate valuation and advisory firm.
“John is the perfect leader to help clients continue to make educated financial and investment decisions,” said Ed Manzi, Chairman and CEO, Fidelity Bank. “With John’s knowledge and expertise in commercial lending and business banking, a new generation of investors who want to learn more about Section 1031 Exchanges will have the opportunity to work with one of the best in the industry.”
“It is an honor to lead the Exchange Authority and continue its tradition of excellence as ‘the experts who the experts turn to’ for 1031 advice,” said Peculis. “From small business owners to everyday investors, we are here to help navigate complex regulations to help our client’s investments grow.”
Peculis graduated with a bachelor’s degree in Management from Nichols College. He currently serves as President of the Worcester Economic Club, where he has served on the board of directors since 2012. Additionally, he serves on the board of advisors at Nichols College and is past President of the Worcester Young Businessmen’s Association. In 2012, Peculis was recognized by the Worcester Business Journal as a “40 Under Forty” Award recipient.
He resides in Charlton with his wife and three daughters and is active in the town’s softball and basketball programs as both a coach and board member.
About Exchange Authority
Founded in 1999, the Exchange Authority has been assisting clients and their professional advisors throughout the United States on exchange matters and acting as a Qualified Intermediary since Congress adopted the exchange safe harbor regulations in 1991. As a Qualified Intermediary, the Exchange Authority advises and educates their clients on the process, creates all required documents, coordinates the Exchange of funds, and provides full reports at the end of the Exchange. In 2008, Exchange Authority was acquired by Fidelity Cooperative Bank, making it a wholly-owned subsidiary of the bank. Learn more by visiting https://exchangeauthority.com/.