Greylock Appoints Adams Branch Manager

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ADAMS, Mass. — Greylock Federal Credit Union has hired Michael Prudhomme as branch manager of their Adams office. Prudhomme is replacing retiring branch manager Clare Klose.

"We are pleased to have Michael leading our Adams branch, and we wish Clare well in her retirement after many years of service to the Credit Union," said Greylock President/CEO John L. Bissell. "The Adams branch is in good hands with Michael; his banking management experience and close ties to the Adams community will serve our members well."

Prior to accepting this position, Prudhomme was an assistant vice president, branch manager, with Adams Community Bank at their Adams and Cheshire branches. Previously, he worked at the former South Adams Savings Bank and Adams Co-Operative Bank, where he began as a teller and advanced to become vice president/branch manager.

Prudhomme earned an associate’s degree from Champlain College in Burlington, V. He graduated from the School for Financial Studies at Babson College in Wellesley and attended Massachusetts College of Liberal Arts in North Adams. He lives in Windsor with his wife Leslie and sons Matt and Ian.

 


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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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