Pittsfield Co-op Recognizes Employees for 40 Years of Service

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PITTSFIELD, Mass. — Pittsfield Cooperative Bank (Co-op Bank) recently recognized two employees for 40 years of dedicated service. 
 
Like most long-tenured individuals in financial service institutions, they began as tellers. Both experienced banking before technology became the norm and remember paper processes, applications and documentation.  
 
Janice Acklin began her career as a teller in 1984, the average interest rate for a six-month CD was 12 percent and the average 30-year mortgage was north of 13 percent. After a couple of years, she went to the loan servicing department where a passion for retail lending was developed. In 1995, she was promoted to Assistant Vice President of Retail Lending.
 
"It has been an honor to assist countless individuals and families achieve their dream of home ownership," said Acklin. "Through personalized service, I've fostered long-lasting relationships with my customers."  
 
Kolodziej began her career as a teller in 1984 too, and moved in to the Bank's loan processing department after a few years. Soon after, she became responsible for preparing commitments, sending out forms to attorneys and any other correspondence required in the loan department. In 1994, she was selected to be the executive secretary and clerk of the corporation. She has worked closely with four presidents (Charles Hooker, Albert Reinhardt, Conrad Bernier and J. Jay Anderson) of Co-op Bank as well as a myriad of board of directors over the past thirty years.
 
"It was a tremendous responsibility to be charged with all of the corporate correspondence and documentation for the Bank's senior officers, directors and board," stated Kolodziej. "The clerk of the corporation is nominated and elected at each annual meeting, and it has been a privilege to be in this role for thirty years."
 
When reflecting on the workforce development process of financial services, president and CEO J. Jay Anderson noted that he too began as a bank teller more than thirty years ago before ascending into commercial lending. Remarked Anderson, "This type of well-rounded experience and personal growth was beneficial to the individual and their institution. The knowledge gathered and customer relationships created are critical to the success of the bank."
 
When commenting on Acklin's and Kolodziej's anniversaries, Anderson said, "We are incredibly grateful for Janice's and Vicky's dedication, team-work, passion and service. I know it is not realistic, but Pittsfield Cooperative Bank would love to have them on our team for another forty years."
 
 
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Healey Announces Housing Development Supports at Former Pittsfield Bank

By Brittany PolitoiBerkshires Staff

Gov. Maura Healey poses with the bank's old safe. The building is being refurbished for housing by Allegrone Companies. The project is being supported by a commercial tax credit and a $1.8M MassWorks grant for infrastructure improvements. 

PITTSFIELD, Mass. — Gov. Maura Healey stood in the former Berkshire County Savings Bank on Tuesday to announce housing initiatives that are expected to bring more than 1,300 units online. 

"People come here from all over the world. We want them to stay here, and we want kids who grew up here to be able to afford to stay here, but the problem is that for decades, we just weren't building enough housing to keep up with demand," she said. 

"And you guys know what happens when there isn't enough supply: prices go up. We have among the lowest vacancy rates in the country, so against that challenge, we made it our priority from day one to build more homes as quickly as possible." 

Approximately $8.4 million from the new Commercial Conversion Tax Credit Initiative (CCTCI) is designed help communities transform empty or rundown commercial buildings into new homes along with $139.5 million in low-income housing tax credits and subsidies through the Affordable Housing Development grant program. 

The historic 24 North St. with a view of Park Square has been vacant for about two years, and Allegrone Companies plans to redevelop it and 30-34 North St. into 23 mixed-income units. The administration announced its Commercial Conversion Tax Credit Initiative (CCTCI) and the Affordable Housing Development grant program as ways to aid housing production, both of which Pittsfield will benefit from. 

The state is partnering with Hearthway for the construction of 47 affordable units on Linden Street, utilizing the former Polish Community Club and new construction, and Allegrone for its redevelopment of the block. 

The Linden Street project is one of the 15 rental developments the Executive Office of Housing and Livable Communities is supporting through $25.7 million in federal low-income housing tax credits, $32.4 million in state low-income housing tax credits, and $81.4 million in subsidies. 

Allegrone's project is supported by the commercial tax credit and was recently awarded $1,800,000 from the MassWorks Infrastructure Program. 

Lt. Gov. Kim Driscoll said she fully comprehends the importance of housing and how crushing it is in communities that need it and want to build, but face difficulties with high construction costs. 

"Housing is the key to keeping people in the community in a safe way and giving them an opportunity to fill those many roles that we need throughout the Commonwealth in cities and towns, large and small, urban and rural, these are all important work. Having somebody fix your boiler, fix your car, we want those individuals to be able to live in our communities as well, particularly in our gateway cities," she said. 

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