Greylock Credit Union Promotes Risk Management Manager

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John Masten
PITTSFIELD, Mass. — Greylock Federal Credit Union has promoted John Masten to assistant vice president risk management manager and compliance officer.

Greylock President Marilyn L. Sperling said, "John has an exceptionally strong professional background in the financial services industry. Given the fast pace of change in the current regulatory environment, it's absolutely critical that we maintain a strong compliance team, and John has demonstrated that he has the values, depth of knowledge and experience to effectively lead regulatory compliance for our Credit Union."

Masten came to Greylock in 2011 with more than 10 years of experience in banking, commercial lending, credit risk management and compliance. He will manage Greylock's regulatory compliance efforts and assist in the implementation of proactive institutional risk mitigation strategies. Masten has a Bank Secrecy Act Compliance Specialist designation, holds a bachelor of science degree in finance from Siena College and is a graduate of the Berkshire Leadership Program class of 2007.

Masten is a past chairman and current member of the Berkshire Leadership Program Steering Committee; treasurer of the Pittsfield Anti-Tuberculosis Association; member of the Western Massachusetts Compliance Association; and has served in various capacities for the Berkshire United Way.

He lives in Pittsfield with his wife, Jennifer and their two children, Alexis and Noah.
If you would like to contribute information on this article, contact us at info@iberkshires.com.

PEDA Site 9 Preparation, Member Retirement

By Breanna SteeleiBerkshires Staff

PITTSFIELD, Mass. — The redevelopment of Site 9 for mixed-use in the William Stanley Business Park is set to take off. 

Edward Weagle, principal geologist at Roux Associates, gave an update on the yearlong work to the Pittsfield Economic Development Authority last week.

"It's been a real pleasure for me to work on a project like this," he said. "This is kind of like a project of a career of a lifetime for me, and I'm very pleased to see that we're just at the finish line right now. My understanding is that all the documents are in front of the commissioner, waiting for her to sign off."

Mill Town Capital is planning to develop a mixed-use building that includes housing on the site. Roux, headquartered in Islandia, N.Y., was hired assist with obtaining grant financing, regulatory permitting, and regulatory approvals to aid in preparing the 16.5-acre site for redevelopment. Approximately 25,000 cubic yards of concrete slabs, foundations, and pavements were removed from the former GE site. 

Once the documents are signed off, PEDA can begin the work of transferring 4.7 acres to Mill Town. Weagle said the closing on this project will make it easier to work on the other parcels and that he's looking forward to working on Sites 7 and 8.

PEDA received a $500,000 Site Readiness Program grant last year from MassDevelopment for Sites 7 and Site 8. The approximately 3-acre sites are across Woodlawn Avenue from Site 9 and border Kellogg Street. 

In other news, the state Department of Transportation has rented the east side of the parking lot for CDL (Commercial Driver's License) training. This is an annual lease that began in September and will bring in $37,200 in revenue.

Lastly, the meeting concluded with congratulations to Maurice "Mick" Callahan Jr. on his retirement.

Callahan is a former chair and a founding member of PEDA, dating back to when the board was established in the 1990s. He has also served on a number of civic and community boards and has volunteered for many organizations in the Berkshires. He is the president of M. Callahan Inc. 

"The one thing that's been a common denominator back is that you've always put others before yourself. You've served others well. You've been a mentor to two generations of Denmarks, and I'm sure many generations of other families and people within this city," said board Chair Jonathan Denmark. "We can never say thank you enough, but thank you for your services, for the creation of this board, your service to the city of Pittsfield, and to all the communities that you've represented and enjoy retirement." 

"It wasn't always easy to be in the position that you were in Mick, but you handled it with so much grace, always respecting this community, bringing pride to our community," member Linda Clairmont said. "I could not have accomplished many of the things I did, especially here for this business part, without you all of the Economic Development discussions that we had really informed my thinking, and I'm so grateful."

Callahan left the team with a message as this was his final meeting, but said he is always reachable if needed.

"I also have to say that a lot of great people sat around this table and other tables before the current board, and the time that I had with Pam [Green] and Mike [Filpi] sticking around, the leadership of this mayor [board member Linda Tyer], and it really, it was always great synergy," he said.

"So don't be afraid to embrace change. And you know, you got a business model. It's been around long time. Shake it up. Take a good look at it, figure out where it needs to go, and you're lucky to have leadership that you have here."

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