image description — The Pittsfield Economic Development Authority has more than half the funding it needs to redevelop the 16-acre Site 9 in the William Stanley Business Park.

Former GE Site Garners Over $6M for Redevelopment

By Brittany PolitoiBerkshires Staff
05:17AM / Friday, January 20, 2023Print Story | Email Story

PITTSFIELD, Mass. — The William Stanley Business Park is closer to fulfilling the $10 million needed to redevelop its biggest parcel, Site 9.

"It took a while to get up to $10.8 million but I think we are very close," Business Development Manager Michael Coakley told the Pittsfield Economic Development Authority on Thursday.

"We have currently solidified $6.3 million."

This includes $3 million from the MassWorks infrastructure program, $880,000 in Site Readiness Program funding from the state's Executive Office of Housing and Economic Development, $264,000 from the state Brownfields Program and, most recently, a $500,000 earmark from a state economic development bill that was passed in November.

The 16-acre parcel previously housed a General Electric factory and is the largest and most prominent section of the business park. Mayor Linda Tyer has said it resembles the "surface of the moon" because of deterioration over the past 20 years.

During the meeting, PEDA authorized using the balance of its GE landscaping fund — about $1.3 million — for the landscaping portion of the redevelopment plan and expending $400,000 from its foundation fund for the site.

This leaves a balance of about $4.5 million in grants.

As a part of the recent economic development bill, the Berkshire Innovation Center located within the business park received $150,000 for the Tech Impact Collaborative's digital economy initiatives.

Coakley pointed out that Site 9 is the largest project within the business park and it took a lot of work to get the funding, though the efforts are not over.

He reported that a warehouse/distribution firm has been asking for several documents on the large site.

The company could bring 100 jobs to the area and is looking for possibly a 70,000-square-foot building.

It was said a commitment to the parcel could be helpful to move along with its redevelopment.

Coakley has been in contact with a possible tenant for Site 5 for a couple of years. The company is looking into the feasibility of building a 30,000-square-foot building with another 20,000 square feet on another level to lease.

A pre-fab building components manager based out of Europe, an industrial digital manufacturer, energy storage companies, and a production company have also shown interest in the park.

"There’s a number of kind of irons in the fire," Coakley said. "Some are hotter than others."

Tags: business park, PEDA,

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Adams Community Bank and Pittsfield Cooperative Bank Officially Become Trailmark Bank

Staff Reports11:20AM / Tuesday, November 03, 2026

PITTSFIELD, Mass. — Adams Community Bank and Pittsfield Cooperative Bank announced the successful legal closing of their merger, marking a milestone in the formation of Trailmark Bank.

The merger officially took effect on Nov. 1, 2026, bringing the two longstanding community banks together as one financial institution under the Trailmark Bank name.

The legal closing follows receipt of all required regulatory and governance approvals, including approvals from the Federal Deposit Insurance Corporation (FDIC) and the Massachusetts Division of Banks.

"Today marks an exciting new chapter for our employees, customers and communities," said Julie Fallon Hughes, Chief Executive Officer of Trailmark Bank. "Trailmark Bank brings together two community banks with deep roots in the Berkshires, shared values and a longstanding commitment to the people and communities we serve. We are proud of what each bank brings to this partnership and excited about what we can accomplish together."

Trailmark Bank is an independent, community-focused bank with approximately $1.5 billion in assets, nearly 200 employees and full-service banking locations across Berkshire County. The merger combines the resources, expertise, and capabilities of two established community banks while preserving the personalized service, strong relationships and local decision-making customers have long valued, stated a press release.

Beginning Nov. 1, Adams Community Bank and Pittsfield Cooperative Bank will operate as divisions of Trailmark Bank. The combined bank will officially open for business as Trailmark Bank on Monday, Dec. 7, with customers gaining access to all branch locations across Berkshire County.

Until then, customers should continue banking as usual through their existing Adams Community Bank or Pittsfield Cooperative Bank locations and systems, using their current checks, debit and ATM cards, online and mobile banking, and other banking services. Late fall, customers will receive detailed information outlining important dates, what to expect and any actions they may need to take.

"The legal merger is an important milestone, but it is also another step in a carefully planned transition," said Gregg Levante, President of Trailmark Bank. "Our focus throughout this process has been making the transition as smooth as possible for our customers while building a stronger community bank for the future. Trailmark Bank gives us greater resources and capabilities while preserving something that matters tremendously to us—the ability to make decisions locally and remain deeply connected to the Berkshires."

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