Lee Bank Opening Pittsfield Location

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PITTSFIELD, Mass. — Lee Bank announced that the doors to their new location at 180 South Street will officially open on Tuesday, June 20.
 
Construction began on the project in April of 2022, although conversations regarding the evolving needs of the downtown Pittsfield community, began several years prior to breaking ground.
 
According to a press release, it became apparent that the bank had outgrown the storefront space they had occupied for nearly a decade and that a ground-up build was needed . The building was designed to enable "relationship building and engagement" with the community.
 
"We sought to create a space that was a living, breathing representation of our core values and headline strategy: to be Berkshire County's premier relationship bank," President Chuck Leach said.
 
The manifestation of this includes:
  • A full-service branch with dedicated personal, commercial and mortgage bankers, as well as our financial wellness team
  • Multi-purpose community space available for reservation
  • "Mixed-use" space including apartments and designated outdoor areas for use by community groups and residential tenants
  • Bilingual banking services available by appointment at this location
  • Drive up/Drive up ATM
  • Free customer parking
In addition to some of the more functional aspects of building a new branch, much thought was also put into ensuring that the space was visually appealing, both from the exterior and interior, according to a press release.

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Daly Announced as CEO of Pittsfield Co-op

PITTSFIELD, Mass. — Pittsfield Cooperative Bank has named Michael P. Daly its chief executive officer. A friend and customer of the institution since the 1980s, Daly will help develop strategies for ongoing success.
 
"Pittsfield Cooperative Bank appreciates Mike's willingness to step in and assist us," said Board Chair John J. Martin Jr., partner at Martin Hochberg & Cianflone. "We look forward to his help in creating and executing a thoughtful plan for the future and continued profitability." 
 
A Pittsfield native and Berkshire resident, Daly said he is motivated to step out of retirement because of his deep roots and friendships in the community and at the bank.
 
"This arrangement wouldn't be happening if it wasn't in Pittsfield, Mass., and with Pittsfield Cooperative Bank," Daly said. "I have had a long history with the bank, and I am thrilled to return and build on the success of this community bank."
 
It was announced last week that Jay Anderson, CEO for 15 years, was stepping down for health reasons.  
 
Previously, Daly was chairman, president and CEO of Berkshire Bank in Pittsfield. He began his career there in 1986 as a commercial lender. The bank went public in 2000. In 2002 he ascended to president and CEO. During his 16-year tenure, he grew the bank from approximately $1 billion in assets to a company with over $12 billion in assets.
 
"I loved my time at Berkshire," Daly said. "I will always be grateful to my board members and all of the employees for what we shared and accomplished in the community." Now, he said, "The chance to return to my hometown with a community bank is a really compelling opportunity."
 
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