Berkshire Bank Appoints Key Corporate Finance Officers

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PITTSFIELD, Mass. — Berkshire Bank has announced several key appointments within its Corporate Finance Department to accelerate the company's progress and to empower the next level of leadership.
 
Kevin Nihill has been named senior vice president/treasurer, and Allison O'Rourke has been named executive vice president/Finance.

Nihill has been serving as the lead of Berkshire's Strategic Analytics group. Nihill has nearly 20 years of experience in the financial services industry in a number of treasury, financial modeling and finance-related roles and joined the company in 2010.

Nihill is a Chartered Financial Analyst charter holder, earned his bachelor's degree from Cornell University and received his MBA from Rensselaer Polytechnic Institute.



With this new position, O'Rourke will be responsible for leading financial planning and analysis, including budgeting, planning and profitability, in addition to investor relations and financial institution banking.

O'Rourke joined the bank in 2013 from NYSE Euronext as vice president, investor relations, and has nearly 20 years of experience in the financial services industry. O'Rourke earned a bachelor's degree in economics from Smith College.

"These leadership changes within our finance group create synergies that strengthen our ability to adapt to changing economic and regulatory landscapes," said Berkshire Bank Chief Financial Officer, Jamie Moses.

 


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Pittsfield Housing Project Adds 37 Supportive Units and Collective Hope

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass.— A new chapter in local efforts to combat housing insecurity officially began as community leaders and residents gathered at The First on to celebrate a major expansion of supportive housing in the city.

The ribbon was cut on Thursday Dec. 19, on nearly 40 supportive permanent housing units; nine at The First, located within the Zion Lutheran Church, and 28 on West Housatonic Street.  The Housing Resource Center, funded by Pittsfield's American Rescue Plan Act dollars, hosted a celebration for a project that is named for its rarity: The First. 

"What got us here today is the power of community working in partnership and with a shared purpose," Hearthway CEO Eileen Peltier said. 

In addition to the 28 studio units at 111 West Housatonic Street and nine units in the rear of the church building, the Housing Resource Center will be open seven days a week with two lounges, a classroom, a laundry room, a bathroom, and lockers. 

Erin Forbush, ServiceNet's director of shelter and housing, challenged attendees to transform the space in the basement of Zion Lutheran Church into a community center.  It is planned to operate from 8:30 a.m. to 4:30 p.m. year-round.

"I get calls from folks that want to help out, and our shelters just aren't the right spaces to be able to do that. The First will be that space that we can all come together and work for the betterment of our community," Forbush said. 

"…I am a true believer that things evolve, and things here will evolve with the people that are utilizing it." 

Earlier that day, Executive Office of Housing and Livable Communities Secretary Ed Augustus joined Lieutenant Governor Kim Driscoll and her team in Housatonic to announce $33.5 million in federal Community Development Block Grant funding, $5.45 million to Berkshire County. 

He said it was ambitious to take on these two projects at once, but it will move the needle.  The EOHLC contributed more than $7.8 million in subsidies and $3.4 million in low-income housing tax credit equity for the West Housatonic Street build, and $1.6 million in ARPA funds for the First Street apartments.

"We're trying to get people out of shelter and off the streets, but we know there are a lot of people who are couch surfing, who are living in their cars, who are one paycheck away from being homeless themselves," Augustus said. 

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