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North Berkshire Banks Reopen Under New Name
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ADAMS, Mass. — The new Adams Community Bank opened its doors on Monday. Customers of what had been Adams Co-Operative Bank and South Adams Savings Bank may haven noticed the new signs for the merged institutions installed on Saturday at its local branches. Behind the scenes, new data systems and servers were being upgraded and converted.
Customers logging in can keep their old passwords but will have to chose new security questions and a new security image.
Bank officials said the institution was communicating with customers and using local vendors whenever possible during the merger as part of its committment to the area.
The new name was developed through customer surveys and the signage manufactured and installed by a Berkshires company, said CEO Charles O'Brien. Bank President Joseph Truskowski said customers and community will always come first. "We are pleased to say that our merger won't change this philosophy — customers will continue to see the same faces, same places and only a new name."
To celebrate the merger, Adams Community Bank will be holding a daily drawing each business day for a month to give away new logo merchandise including coolers, stadium chairs, picnic blankets and auto kits. No purchase is necessary to participate in this drawing; just fill out a form and drop it in a ballot box at your local branch.
Adams Community Bank consists of seven full-service offices located in Adams, Cheshire, Lanesborough, Lee, Williamstown and North Adams.
Insurance Agencies Join Forces at MountainOne
PITTSFIELD, Mass. — A local insurance company is going to become part of MountainOne Financial Partners.Stevenson & Co. has joined forces with Coakley, Pierpan, Dolan and Collins, according CPDC President and CEO Timothy Dolan. CPDC is already a MountainOne Financial Partner.
The two agencies will share common expenses and systems as a way to trim costs.
"This means we'll have more funds available to spend on service and product upgrades that benefit customers," said Dolan.
John Murphy, Stevenson's president and CEO, said the move will allow his firm to remain local and independent. "Joining forces with CPDC allows us to do this. And, we'll have an expanded team of service providers and offerings," he said.
Stevenson & Co. is currently located on North Street. CPDC also shares North Street office space with its fellow MountainOne Financial Partners Hoosac Bank and True North. Once the new MountainOne Financial Center under construction in the William Stanley Business Park opens, both CPDC and Stevenson will move into the new building and close their North Street offices. Stevenson customers will be notified in advance of the move.
Stevenson & Co. has been providing personal and business insurance in Pittsfield and Berkshire County since 1867. CPDC, founded in 1927, serves personal and business customers through offices in North Adams, Adams, Williamstown and Pittsfield.
MountainOne Financial Partners, a mutual holding company headquartered in North Adams, has combined assets of over $800 million and more than 200 employees.
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