Adams Community Bank Receives an Outstanding CRA Rating

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PITTSFIELD, Mass. — Adams Community Bank (ACB) announced they received a rating of "Outstanding" from the Federal Deposit Insurance Corporation (FDIC) for the Community Reinvestment Act (CRA) in their recently completed evaluation.
 
The bank was among four of 66 financial institutions evaluated to be rated the highest outstanding rating. 
 
The CRA is a law established to encourage insured depository institutions to help meet the local credit needs of the communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods, consistent with safe and sound operations.
 
Bank President, Charles O'Brien, noted the Bank did well in all three facets of the CRA exam, including lending in, investing in, and service in their communities.
 
"We have increased loans by nearly $200 million, or 37 percent, in the past three years while lending in every census tract in Berkshire County," he said. "In this same period, our charitable contributions were approximately one million dollars in donations."
 
ACB's AVP Retail Loan and CRA Officer, Dawn Lampiasi, concurred with O'Brien in praising the entire team's efforts. 
 
"Each employee within the Bank deserves credit for achieving this distinguished rating. From the lending team for ensuring we lend to borrowers of various income levels, to each employee that volunteers their time." 
 
 
 

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Greylock Glen Outdoor Center Focuses on Mindful Growth After Busy Fall Season

By Jack GuerinoiBerkshires Staff
ADAMS, Mass. — The Greylock Glen Outdoor Center has been filled with thousands of visitors this fall, and Executive Director Daniel Doyle told the Selectmen on Wednesday that the facility is now focusing on moving from possibility to purpose.
 
"I'm looking forward to growing mindfully but not exponentially… but it has been incredibly exciting for the town, for me, and the county," Doyle said during his presentation Wednesday. "I can feel the energy of possibility up there…the mountain is magical. The town, the people here. There is so much potential and there is so much to do. Some things we are just starting to realize, but it will take a lot of work and time."
 
Doyle, who was hired in the summer, first outlined some of the guiding goals for his initial months at the Outdoor Center. These included truly grasping the history of the Glen—not only from a community perspective but also as a development project.
 
"It is realizing the town as an adult and as a professional, in a very different capacity than when I was when I lived here previously," Doyle, who grew up in Adams, said. " ….I want to understand the history of the Glen, the development of this project and get a better handle on the potential next steps for the space."
 
Beyond that, he wanted to establish firm policies and efficiencies to better manage the Outdoor Center, noting that this is always a work in progress.
 
"We have a limited budget and a limited capacity so that makes it important to waste nothing, especially our time," he said. "There is a lot to do and it takes time to put those systems in place."
 
Above all, Doyle wants to fill and use the space.
 
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