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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Pittsfield Council Reviews Public Safety Budget, Keeps SpotShotter

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass. — On the fourth day of budget deliberations, the City Council preliminarily approved public safety and public service budgets. 

See the first two days of budget review here; and the third day here.

Councilors deliberated the Pittsfield Police Department's $16,439,421 spending plan for more than 90 minutes. Ward 1 Councilor Kenneth Warren unsuccessfully motioned to cut $220,000 for ShotSpotter services. 

He said the acoustic gunshot detection technology is not well used throughout the country, citing other communities that have opted out or are exploring it. 

Pittsfield has two more years on its contract; while councilors voted down the budget reduction several were willing to explore the impact data and see if those funds could be used elsewhere. 

Police Chief Marc Maddalena reported that there has been a significant decrease in shots fired calls, and attributed it to the surveillance technology assisting enforcement. He said it also comes in faster than 911 calls. 

"If people know that just by that noise alone that we're responding within seconds, that's preventing them from utilizing that weapon," he said. 

"So that in of itself is saving lives." 

It has an about 20 percent accuracy rate, and police respond to every activation. 

On Sunday, at least two homes in the area of Memorial Drive and Doyle Drive were struck by gunfire and investigators located 17 shell casings on scene. This was brought up during conversation; it was reported that there were 13 impulses on ShotSpotter during the incident. 

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