Pittsfield Cooperative Bank President Named to Federal Reserve Bank Council

12:45PM / Friday, April 20, 2018Print Story | Email Story

PITTSFIELD, Mass. — The Federal Reserve Bank of Boston has announced the appointment of J. Jay Anderson, president and CEO of the Pittsfield Cooperative Bank, to the bank's First District Community Depository Institutions Advisory Board.

Established by the Federal Reserve Board of Governors in 2010, the CDIACs in the 12 Federal Reserve districts provide a diverse perspective on the economy, lending conditions, and other issues facing thrift institutions, credit unions, and community banks with different charters and regulators (including state member, state nonmember, and national banks).

"Members of the CDIAC represent community financial institutions from the cities and towns that form the backbone of the New England economy," said Eric S. Rosengren, president and CEO of the Federal Reserve Bank of Boston. "The council members provide valuable perspectives that inform the Boston Fed's mission of public service across the region."

Members attend two meetings per year at the Federal Reserve Bank of Boston and are asked to share information, offer advice and make informal recommendations to the Reserve Bank's representatives during active roundtable discussions. The CDIAC members represent the six states in the Federal Reserve's First District: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The national CDIAC meets twice a year to advise the Federal Reserve Board in Washington.

"It’s an honor and a privilege to be invited to serve on the CDIAC. I look forward to participating and sharing perspectives," Anderson said.

Tags: pittsfield cooperative bank,

iBerkshires.com Text Ads

Save & Earn with Greylock

3.30% APY 6-month certificate. Click to learn more! Insured by NCUA.

www.greylock.org

rk MILES Blding Materials

Are You Ready to Update Your Home? Start With rk MILES. 4 Locations (800)670-7433

www.rkmiles.com

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Pittsfield Council Revisiting DEI Office Rename

By Brittany PolitoiBerkshires Staff
04:11PM / Tuesday, October 13, 2026

PITTSFIELD, Mass. — The conversation about the DEI office renaming that was halted by a charter objection will resume on Tuesday.

The City Council will discuss a request from Mayor Peter Marchetti to rename the Office of Diversity, Equity, and Inclusion.

It proposes to rename the DEI office to the Office of Equity, Access, and Opportunity and merge the Human Rights Commission and Affirmative Action Committee into an Equity, Access and Opportunity Commission.

The Ordinance and Rules Subcommittee supported the changes in August, and in September, Ward 2 Councilor Cameron Cunningham delayed the vote with a charter objection.

Pittsfield's City Code prohibits charter states that "if a single member present objects to the taking of the vote, the vote shall be postponed until the next meeting of the city council." It also stipulates that at least four members must object if it is an emergency measure.

Cunningham also submitted a petition, which was referred to O&R under Rule 27, to replace the DEI Office and the Human Rights Commission with an equity, access, and opportunity coordinator in the Department of Community Development, with formal complaints and Equal Employment Opportunity and Affirmative Action functions assigned to Human Resources.

At the last meeting, he spent more than an hour querying the mayor and chief diversity officer about functions and effectiveness of the department, wanting more quantitative data. Cunningham proposed an ordinance that he says keeps Pittsfield's commitment to equity, access, and opportunity, "refocuses it on measurable results for our residents, and delivers it at a fraction of the current cost."

Under this petition, the equity, access, and opportunity coordinator would be a $60,000 to $80,000 per year position.

The DEI Office's fiscal year 2027 budget was about $200,000 after cuts during budget season; $106,700 for the chief diversity officer and $58,000 for the administrative assistant. The coordinator would be appointed by the director of community development and the mayor.

View Full Story