Pittsfield Cooperative Bank Appoints VP OfCommercial Banking

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PITTSFIELD, Mass. — The Pittsfield Cooperative Bank has announced that Matthew P. Lauro has joined the bank as Vice President/ Commercial Banking.
 
Matthew's 10 plus years of industry experience is wide ranging and comprehensive, working for Fidelity Management and Research as a Credit Research Associate, Longfellow Investment Management as a Senior Credit Analyst and State Street Bank as Vice President, Credit Analyst for Leveraged Lending. Most recently, Matt held the title of Vice President of Emerging Markets. In this role he ran a foreign exchange and rates product specializing in the Latin American region of behalf of State Street Bank.
 
Matthew recently moved to Berkshire County with his wife Susanna, an attorney, and their dog Tony. He earned his degree at RPI, where he was a member of the football team, 2 years as Captain.
 
"Matthew brings a much-needed high level of expertise in the area of industrial and commercial real estate financing to the Berkshires and we are proud to welcome Matthew and his wife to the Berkshires as we
believe in local talent," said J. Jay Anderson, President and CEO of the Pittsfield Cooperative Bank.
 
In this position, Matthew will be responsible for managing and growing the bank's commercial loan portfolio.
 
"Banking is a personal business. Matthew is an experienced lender who will help make our community a better place to live, work and play and he joins a team that – as a whole- is truly invested in our little niche in the Berkshires," said  Anderson.
 
Matthew is located in the South Street Main Office at 70 South St., Pittsfield and may be reached at 413.629.1644.
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Lenco Celebrates $5M in Capital Investments

By Brittany PolitoiBerkshires Staff

Executive Vice President Lenny Light says it's not the equipment but the staff that gives Lenco its competitive advantage. 
PITTSFIELD, Mass. — Lenco Armored Vehicles has embarked on a $5 million capital investment project for faster, better manufacturing. 
 
A ribbon was cut on Monday in front of the company's new Trumpf TruLaser 3080, a machine designed to cut extra-large sheets of metal. This will increase the efficiency of building armored tactical vehicles, such as the BearCat, by about 40 percent. 
 
Executive Vice President Lenny Light recalled the Lenco's beginnings in 1981, when it operated out of 3,000 square feet on Merrill Road with 15 employees.  Today, Lenco has 170,000 square feet of manufacturing space and nearly 150 employees. 
 
"The work that we do here in Pittsfield contributes to millions of dollars being put back into our local economy. We're the largest commercial armored rescue vehicle manufacturer in the United States. We're one of the most respected brands locally. We also now own the largest fiber laser in the United States. It's the only one of its kind in the Northeast," he said, motioning to the massive, modern machinery. 
 
"But the equipment that we have is not our competitive advantage — our welders, our forklifts, our cranes — any company can buy this same exact equipment." 
 
Rather than the equipment, he said, it's the staff who shows up every day with a can-do attitude that gives Lenco its competitive advantage. 
 
Planning for the industrial cutter began 18 months ago, when the company needed to decide if it was the right equipment for the future. Trumpf, named for its founder, is a German-headquartered global manufacturer of high-end metal processing (computer numerical control) machines, including laser technology. The TruLaser 3080 uses a high-intensity laser beam to cut through metals with speed and accuracy.
 
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