Bank Employees Raise $13,000 for Alzheimer’s Association

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ADAMS, Mass. — A team of employees from Adams Community Bank joined the community and participated in the Walk to End Alzheimer’s at the Ashuwillticook Rail Trail in Cheshire on Sept. 20.

The walk has become an annual event that the employees participate in.

“Our employees offer their personal time to participate in the walk and contribute to all the fundraising events that go along with it. This demonstrates a strong commitment to our neighbors and the residents of Berkshire County and represents the bank’s true community spirit,” said Charles O’Brien, president and CEO. “The goal of the team was to raise $12,000. They are thrilled to have surpassed that goal and have made a donation to the Alzheimer’s Association for $13,969.”


Adams Community Bank’s team donation represents the largest corporate team donation in Berkshire County and Western Massachusetts. They also had the largest team with 36 members.

The team, led by Dawn Lampiasi and Nancy Hubbard, raised the money through various efforts. They hosted a chicken dinner at Mingo’s as well as a Paint & Sip event at the Cheshire Rod & Gun Club. Also helping to raise funds was the “Dress down for Charities” program at Adams Community Bank, when employees pay to “dress down” and all money collected is donated to the charity of choice.

Adams Community Bank is an independent, community savings bank located in the Berkshires of western Massachusetts and headquartered in Adams.

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Adams Community Bank Holds Annual Meeting, Announce Growth

ADAMS, Mass. — The annual meeting of the Community Bancorp of the Berkshires, MHC, the parent company of Adams Community Bank, was held on April 10, 2024, at Charles H. McCann Technical School in North Adams.
 
The meeting included reviewing the 2023 financial statements for the Bank, electing directors and corporators, and highlighting upcoming executive personnel changes.
 
"In 2023, the Bank experienced another year of growth in assets, loans, and deposits, noting the Pittsfield branch reached $26 million in customer deposits from its opening in December of 2022," President and CEO of Adams Community Bank Charles O'Brien said. "Those deposits were loaned out locally during 2023 and helped drive our #1 ranking in both mortgage and commercial real estate lending, according to Banker and Tradesman."
 
At year-end 2023, total assets were $995 million, and O'Brien noted the Bank crossed the $1 billion threshold during the first quarter of 2024.
 
Board chair Jeffrey Grandchamp noted with O'Brien's upcoming retirement, this will be the final annual meeting of the CEO's tenure since he joined the Bank in 1997. He thanked him for his 27 years of dedication to the Bank. He acknowledged the evolution of the Bank as it became the premier community bank in the Berkshires, noting that branches grew from 3 to 10, that employees grew from 40 to 135, and that assets grew from $127 million to $1 billion. 
 
An executive search is underway for O'Brien's replacement.
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