Adams Community Bank Holds Annual Meeting, Announce Growth

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ADAMS, Mass. — The annual meeting of the Community Bancorp of the Berkshires, MHC, the parent company of Adams Community Bank, was held on April 10, 2024, at Charles H. McCann Technical School in North Adams.
 
The meeting included reviewing the 2023 financial statements for the Bank, electing directors and corporators, and highlighting upcoming executive personnel changes.
 
"In 2023, the Bank experienced another year of growth in assets, loans, and deposits, noting the Pittsfield branch reached $26 million in customer deposits from its opening in December of 2022," President and CEO of Adams Community Bank Charles O'Brien said. "Those deposits were loaned out locally during 2023 and helped drive our #1 ranking in both mortgage and commercial real estate lending, according to Banker and Tradesman."
 
At year-end 2023, total assets were $995 million, and O'Brien noted the Bank crossed the $1 billion threshold during the first quarter of 2024.
 
Board chair Jeffrey Grandchamp noted with O'Brien's upcoming retirement, this will be the final annual meeting of the CEO's tenure since he joined the Bank in 1997. He thanked him for his 27 years of dedication to the Bank. He acknowledged the evolution of the Bank as it became the premier community bank in the Berkshires, noting that branches grew from 3 to 10, that employees grew from 40 to 135, and that assets grew from $127 million to $1 billion. 
 
An executive search is underway for O'Brien's replacement.

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Letter: Progress Means Moving on Paper Mill Cleanup

Letter to the Editor

To the Editor:

Our town is facing a clear choice: move a long-abandoned industrial site toward cleanup and productive use or allow it to remain a deteriorating symbol of inaction.

The Community Development team has applied for a $4 million EPA grant to remediate the former Curtis Mill property, a site that has sat idle for more than two decades. The purpose of this funding is straightforward: address environmental concerns and prepare the property for safe commercial redevelopment that can contribute to our tax base and economic vitality.

Yet opposition has emerged based on arguments that miss the point of what this project is designed to do. We are hearing that basement vats should be preserved, that demolition might create dust, and that the plan is somehow "unimaginative" because it prioritizes cleanup and feasibility over wishful reuse of a contaminated, aging structure.

These objections ignore both the environmental realities of the site and the strict federal requirements tied to this grant funding. Given the condition of most of the site's existing buildings, our engineering firm determined it was not cost-effective to renovate. Without cleanup, no private interest will risk investment in this site now or in the future.

This is not a blank check renovation project. It is an environmental remediation effort governed by safety standards, engineering assessments, and financial constraints. Adding speculative preservation ideas or delaying action risks derailing the very funding that makes cleanup possible in the first place. Without this grant, the likely outcome is not a charming restoration, it is continued vacancy, ongoing deterioration, and zero economic benefit.

For more than 20 years, the property has remained unused. Now, when real funding is within reach to finally address the problem, we should be rallying behind a practical path forward not creating obstacles based on narrow or unrealistic preferences.

I encourage residents to review the proposal materials and understand what is truly at stake. The Adams Board of Selectmen and Community Development staff have done the hard work to put our town in position for this opportunity. That effort deserves support.

Progress sometimes requires letting go of what a building used to be so that the community can gain what it needs to become.

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