Greylock Federal Welcomes Senior Vice President, Chief Financial Officer

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PITTSFIELD, Mass. — Following an extensive search, Greylock Federal Credit Union has announced the hiring of Michael A. King, CPA, as Senior Vice President, Chief Financial Officer. 
 
King brings extensive banking and finance experience in budgeting, forecasting, financial reporting and analysis, capital and liquidity management, plus team development and management.
 
"We are excited to have a person with Mike's skills and background join the Greylock family," said President and CEO John L. Bissell. "His experience and depth of knowledge make him a welcome addition to our leadership team."
 
As a member of the senior management team, King is responsible for assisting the overall financial management of the credit union, ensuring financial stability and sound financial strategy balanced with the best interests of the membership. His input will be key to the strategic direction and vision of the CEO and Executive Vice President. Additionally, King will participate in the formulation and implementation of Credit Union policies and objectives, as well as long-range planning and forecasting.
 
"I'm thrilled to be joining this amazing team," King said. "Greylock does so many great things for our Members and our community, and I'm excited to be a part of that."
 
King has 15 years of financial services experience. Most recently, he served as Senior Vice President/Head of Financial Planning and Analysis (FP&A) with Berkshire Bank, where he focused on budgeting, forecasting, financial reporting and analytics for the $12 billion commercial bank. King holds a Master of Business Administration degree from the Ross School of Business, University of Michigan.
 
 King lives in Pittsfield with his fiancée Cheryl and their dog Beau.

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Berkshire Concrete Lawsuit Seeks Damages, Continued Operation

By Sabrina DammsiBerkshires Staff
DALTON, Mass. — Whether Berkshire Concrete can continue excavating after its permit was denied —and if the town is liable for damages — will be decided in a lawsuit the company has filed against the town, planning board and its members.
 
The suit was filed on behalf of Berkshire Concrete Corp., a subsidiary of Petricca Industries, by Jaan G. Rannik of Cohen Kinne Valicenti & Cook in Superior Court on April 13
 
Berkshire Concrete is suing for damages and wants the Planning Board's permit denial overturned.
 
The company seeks permission to operate on its entire property, and to have any future permit applications granted — unless they violate previous permit conditions and fail to fix them after formal written notice, or if the Mine Safety and Health Administration finds a public health danger requiring new restrictions.
 
It also requests that if a future renewal is denied for a violation and Berkshire Concrete disputes it or claims it didn't have time to fix, operations can continue until a  final decision is made.
 
The company claims the town breached its 1992 contract with Berkshire Concrete and the board exceeded its authority in denying the special permit. 
 
Berkshire Concrete claims that as a direct result of the town's breach of contract it suffered damages of no less than 1.9 million and will continue to incur additional damages. 
 
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