(Leominster, Mass.)—Exchange Authority, a leading consultant and facilitator for Section 1031 exchanges and a wholly-owned subsidiary of Fidelity Bank, today announced Albino M. Caporale, Esq., president and CEO, has been elected as President of the Federation of Exchange Accommodators (FEA). His appointment as president, which will continue through September 2025, took place during the FEA’s 2024 Annual Conference in Austin, Texas.

In this role, Caporale will work to grow and strengthen the 1031 Exchange industry through conferences, meetings, advocacy and education while also overseeing a membership community that work toward ensuring professional diligence and preservation of Section 1031. He previously served as a member of the FEA’s Board of Directors and as Treasurer on the organization’s executive committee. Caporale also maintains the Certified Exchange Specialist designation by the FEA.

The FEA is the only national trade organization representing qualified intermediaries and their primary legal and tax advisors and affiliates who are directly involved with Section 1031 Exchanges.

“I am honored to serve as President of the FEA and to work with my esteemed peers on educating and advocating for 1031 Exchanges,” said Caporale.