Adams Community Bank Receives SBA Preferred Lender Status

03:12PM / Wednesday, February 16, 2022Print Story | Email Story

ADAMS, Mass. — Adams Community Bank has been designated a Preferred Lender through the U.S. Small Business Administration's (SBA) Preferred Lender Program (PLP).

Adams Community Bank's designation as a preferred lender places the Bank among the SBA's best lenders and empowers the Bank with fully delegated lending authority.

"I'm proud of the efforts our commercial lending team has exerted to attain the SBA's Preferred Lender status," said bank President and CEO Charlie O'Brien. "Their hard work and dedication are unmatched, and this designation supports that."

The status is only given to banks with a history of successfully processing and servicing SBA-guaranteed loans. Other factors considered include performance, loan volume, and explicit knowledge of SBA policies and procedures.

Advantages include control over the approval process, which can cut 4-6 weeks off of an SBA loan's turnaround time and more flexible terms and conditions.

"The SBA's Preferred Lenders Program (PLP) allows experienced lenders such as Adams Community Bank to provide delegated loan approval as well as closing and most servicing and liquidation authority," said SBA District Director Robert Nelson.

"In order to earn this designation, our lenders must establish a successful track record and demonstrate a thorough understanding of SBA lending policies and procedures. Congratulations to Adams Community Bank for achieving this level of status and distinction from the SBA!"

The status term lasts two years, and then the lender must go through a recertification process.

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North Berkshire School Study Encouraging Stakeholders to Take Survey

By Tammy Daniels iBerkshires Staff
07:22AM / Saturday, October 03, 2026

CHESHIRE, Mass. — The consultants behind the education study for North Berkshire are hoping for solid responses to its recently released survey.

The survey, released last week, can be found here.

"Our goal is somewhere between 5 and 10 percent overall survey responses, which is somewhere between 2,000 and 4,000 responses," project manager Jake Eberwein told the steering committee for the North Berkshire Educational Sustainability Study at Wednesday's meeting at Hoosac Valley High School.

This is the next phase of the study of secondary education in North County being undertaken through state funding and conducted by Berkshire Educational Consulting Group, Berk12.

"Our first phase was project awareness, and that was really our you know attempt to meet the school committees, select boards, and we wrapped that up this past Monday in Williamstown," Berk12 researcher Brendan Sheran said. "And certainly, we'll be doing more of that going back out probably in the midyear or springtime. But in terms of info gathering, really, the data collection — that's where we are now."

The community survey was launched through sharing on social media, the group's stakeholder list, the press, and the district partners, which are distributing it to educators, parents and students. The window is expected to close on Friday, Oct. 9, but Sheran said they can be flexible with the date.

The survey takes about seven to 10 minutes and is open to those in the Hoosac Valley Regional and Mount Greylock Regional school districts and in North Adams, Clarksburg, Florida and Savoy.

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