PITTSFIELD, Mass. — Berkshire Bank will celebrate the grand opening of its newest full-service branch located at 99 North St. with a ribbon cutting ceremony and family day event.
First, the ribbon cutting ceremony will be on Jan. 16 at 11 a.m. During the event the Berkshire Bank Foundation will present two $1,500 grants – one to Goodwill Industries of the Berkshires to support the organization’s Suit YourSelf program and one to the Eleanor Sonsini Animal Shelter.
Then on Saturday, Jan. 19 from 9 a.m. until noon, the festivities continue with a family day celebration, open to the public. This event will feature special contests, giveaways and refreshments including a Treasure Chest Key Promotion offering community members a chance to win an iPad mini, cash or a gas card. Also, Mr. Twisty will be available to make balloon characters and children's author Ty Allen Jackson will read and sign copies of his books. The celebration culminates with a free showing of "The Wizard of Oz" at the Beacon Theater Sunday, Jan. 20 at 11 a.m. Seats are limited. Those interested may stop by the 99 North Street branch beginning Jan. 16 to reserve tickets and pick them up on Saturday, Jan. 19, at the family day celebration.
The downtown Pittsfield branch is the third in Berkshire County to feature Berkshire Bank's new customer centric design and enhanced teller technology. Rather than traditional teller lines, the new design allows for more personalized service, faster transactions and improved accuracy. The branch, complete with an open floor plan and AMEB Café, also includes a multi-functional community room, offering a free space for local small business and community members to hold meetings or activities. The community room includes teleconferencing capabilities, free Wi-Fi, high definition television, blue-ray DVD player, Playstation and seating for up to 30.
NORTH ADAMS, Mass. — MountainOne Financial Partners announced that it plans to unite its banking operations under a single charter in 2013. Following the merge of Hoosac Bank and Williamstown Savings Bank operations earlier this year, the company is moving forward in bringing its South Coastal Bank unit into a common MountainOne Bank charter for all three banks.
The banks will retain their current identities and independent community focus while operating as "A Division of MountainOne Bank." The integration is subject to regulatory approval and is targeted for completion in the third quarter of 2013.
"We will preserve the heritage of three fine institutions," said Thomas S. Leavitt, president and CEO of MountainOne. "We are fulfilling a commitment to a common platform that will drive efficiency and allow us to focus our programs on outstanding customer care. South Coastal Bank CEO Robert Fraser and I have worked with our teams to assure that we will honor the history of deep community connections in the Berkshires and on the South Shore of Massachusetts. MountainOne's ten years of development has led us to this opportunity to achieve integration of products, services, and systems."
Leavitt said that he will serve as CEO of the unified bank and that Fraser will become chief operating officer.
"Our South Coastal board, management team, and staff are all excited to be part of a larger banking presence in the Commonwealth," Fraser said. "We will come together with new customer initiatives supporting a strong identity and local decision making in each of our communities.
"As I have visited North Adams, Williamstown, and Pittsfield over the past year, I have been pleased with the strength of the MountainOne name and the strong ties that Hoosac Bank and Williamstown Savings Bank have forged for well more than a century. I look forward to working with Tom and our banking teams in eastern and western Massachusetts to advance all of MountainOne."
"We are decidedly leaning into the 21st Century with our MountainOne Financial Center in Pittsfield," Leavitt said. "This new facility in an important market brings the best of our banking, insurance, and investment advisory services together in a compelling way. Our communities can expect to see this model advanced as we bring our three banking brands into alignment and innovate with both our physical and digital delivery channels."
The action to consolidate Hoosac Bank, Williamstown Savings Bank (a division of Hoosac Bank) and South Coastal Bank under one bank charter has been approved by the board of directors of each of the banks and by MountainOne Financial Partners. Formal applications will be filed with the Massachusetts Division of Banks and the Federal Deposit Insurance Corporation.
Greylock Federal Moving Into Former ToyWorks Space
PITTSFIELD, Mass. — Greylock Federal Credit Union has signed a long-term lease for the former ToyWorks building in the Allendale Shopping Center.
Officials say the 18,000-square-foot space will enable Greylock to bring together credit union operations functions and provide convenient access for Greylock Insurance Agency customers.
Renovations are under way and credit union officials expect to move several teams to the location later this year.
"This location solves our long-standing need to consolidate numerous operations functions," said Greylock President Marilyn Sperling. "We have looked at more than a dozen locations and were pleased to obtain lease terms in Allendale that will actually decrease our real estate expenses while accommodating the long-term growth of the credit union."
The company's doubled its staff and tripled its assets since moving in 1998 into its 20,000 square-foot headquarters, a location expected to accommodate 20 years of growth. Sperling said the building was completely filled by 2004.
The end space on the L-shaped shopping center has been leased sporadically since the closure of KB ToyWorks and the company's liquidation several years ago. The KB headquarters on West Street next to the credit union was recently purchased by Laurin Publishing.
As the credit union has grown over the last 15 years, operational personnel have been scattered in three locations throughout Pittsfield, said Sperling. "When the moves are complete, we will have a larger footprint with greater efficiency and lower costs."
The Allendale site will also become a new central sales and processing site for Greylock Insurance Agency, providing a more convenient location for members in Cheshire, Dalton and other towns.
In addition to the insurance presence, Greylock plans to move the following functions and departments to the Allendale space, representing about 75 employees in total:
Deposit & Loan Operations
The credit union as 245 employees and $1.2 billion in assets.
Greylock Federal Promotes Assistant Vice President
PITTSFIELD, Mass. — Greylock Federal announced the promotion of Marissa Kirchner to Assistant Vice President, Branch Manager of the Credit Union's Adams location.
“Marissa is a very experienced and professional businessperson who delights in serving others and assisting them with financial products and services that are tailored to their unique needs,"Greylock President Marilyn L. Sperling said." Her commitment to service makes banking in Adams a wonderful experience for our member,owners.”
Kirchner came to Greylock in 2005 and has served as manager of Greylock’s Elm Street, Pittsfield location. She will continue to manage the Adams location and is responsible for coordinating all training and sales initiative with Greylock’s VISA credit card program.
Kirchner is a 2001 Hoosac Valley High School graduate. She is a Relay For Life Team co-captain for Greylock and most recently, volunteered in the United Way Workplace Campaign.
Theodore DeConno, Jr., above, and Janice Ward. Richard DiLorenzo, below, and Jacqueline Courtwright.
PITTSFIELD, Mass. — Berkshire Bank welcomed five new professionals in the areas of consumer lending, business banking, branch administration, human resources and wealth management.
Joining the team are Jacqueline Courtwright, vice president, human resources officer; Theodore DeConno, Jr., vice president relationship manager, New York; Richard DiLorenzo, vice president, retail loan operations manager; Kevin Inkley, senior vice president, retail lending; Janice Ward, vice president, wealth management advisor.
Courtwright comes to Berkshire Bank with 20 years of experience in human resources, most recently at Citizens Bank where she served as a vice president and HR business partner. Her areas of specialty include people strategy, organizational design, talent development, recruitment, and succession planning. In her role at Berkshire, she will serve as an HR business partner for the retail division of the bank. Courtwright holds bachelor's in organizational leadership from the University of New England and completed the Advanced Leadership Development Program from Babson College. She resides in East Greenbush, N.Y.
Ward brings over 11 years of experience with trust and estate planning to her role with Berkshire Bank’s Wealth Management group. An attorney, licensed in both Massachusetts and New York, she most recently served as vice president and trust officer with Greenfield Savings Bank. She specializes in estate and trust planning, which is where she will primarily focus at Berkshire Bank. Ward earned her Juris Doctor from Western New England University and her bachelor's in business administration from Massachusetts College of Liberal Arts. She resides in Dalton.
DeConno will join the Capital District commercial lending team helping business customers reach their financial goals. He will also work to expand and establish customer relationships throughout all lines of business including depository, insurance and wealth management. DeConno brings with him 25 years of business banking experience, most recently serving as senior relationship manager at TD Bank in Albany. He also served in similar capacities at Key Bank and HSBC. He holds a bachelor's in finance as well as an Accounting Certificate from Siena College. DeConno resides in Poestenkill, N.Y.
DiLorenzo brings to his role more than 20 years of experience in consumer lending management, most recently serving as vice president, consumer lending, at Mid-Hudson Valley Federal Credit Union since 2006 where he was responsible for all aspects of consumer loan operations. In his role at Berkshire, DiLorenzo will manage retail loan servicing operations, including collections, tracking and reporting. In addition he will manage the bank’s consumer loan origination functions. He holds a bachelor's in economics from Saint Michael’s College and is a member of the CUNA Lending Council. He resides in Waterford, N.Y.
Inkley, with 30 years of experience in retail and commercial lending, most recently worked at Rockland Trust Company where he served as senior vice president, director of residential sales and operations. In his new role at Berkshire, he will oversee all aspects of consumer loan processing from origination to closing as well as consumer loan servicing. Inkley attended Los Angeles Community College and National University. He was honorably discharged from the United State Marine Corps where he served as a Sergeant/Battalion Legal Chief. He resides in Warwick, R.I.