Cooney Joins Legacy Portfolio Management as Trust Officer

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PITTSFIELD, Mass. – Legacy Portfolio Management (LPM) has welcomed Derek F. Cooney as a Trust Officer according to an announcement by John Meyer, senior vice president of LPM. In this capacity, Cooney will manage and administer key aspects of clients’ trust account relationships, serving as a liaison among beneficiaries, accountants, and legal advisors. Additionally, Cooney will assist the division with new relationship development in Massachusetts and New York.

Cooney brings with him over ten years of trust banking experience, having most recently come from Dion Money Management where he served as Vice President and Portfolio Manager. Prior to that, he was with First Niagara Financial Group where he served as Trust Officer of the Trust Investment Services Group. In this capacity, he was a member of the Trust Management           Committee.                                              Derek Cooney (photo by Sandy McNay)

In commenting on his appointment, Meyer said, “I am pleased to welcome Derek to our team at Legacy Portfolio Management. He has the skill-set and experience necessary to manage our growing area of trust administration as well as the qualities essential in deepening meaningful client relationships.”

Cooney holds a B.S. in finance from the University of Massachusetts. Additionally, he has earned the Certified Trust and Financial Advisor designation and is working toward the Certified Financial Planner designation, which he is scheduled to complete this year. Cooney resides in Troy, NY with his family.

Legacy Portfolio Management, the asset investment and trust management division of Legacy Banks, serves private individuals and families, corporate and non-profit institutions and public pension funds.
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Dalton Board Signs Off on Land Sale Over Residents' Objections

By Sabrina DammsiBerkshires Staff

Residents demanded the right to speak but the agenda did not include public comment. Amy Musante holds a sign saying the town now as '$20,000 less for a police station.'
DALTON, Mass. — The Select Board signed the sale on the last of what had been known as the Bardin property Monday even as a handful of residents demanded the right to speak against the action. 
 
The quitclaim deed transfers the nine acres to Thomas and Esther Balardini, who purchased the two other parcels in Dalton. They were the third-highest bidders at $31,500. Despite this, the board awarded them the land in an effort to keep the property intact.
 
"It's going to be an ongoing battle but one I think that has to be fought [because of] the disregard for the taxpayers," said Dicken Crane, the high bidder at $51,510.
 
"If it was personal I would let it go, but this affects everyone and backing down is not in my nature." 
 
Crane had appealed to the board to accept his bid during two previous meetings. He and others opposed to accepting the lower bid say it cost the town $20,000. After the meeting, Crane said he will be filing a lawsuit and has a citizen's petition for the next town meeting with over 100 signatures. 
 
Three members of the board — Chair Robert Bishop Jr., John Boyle, and Marc Strout — attended the 10-minute meeting. Members Anthony Pagliarulo and Daniel Esko previously expressed their disapproval of the sale to the Balardinis. 
 
Pagliarulo voted against the sale but did sign the purchase-and-sale agreement earlier this month. His reasoning was the explanation by the town attorney during an executive session that, unlike procurement, where the board is required to accept the lowest bid for services, it does have some discretion when it comes to accepting bids in this instance.
 
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