Daly Announced as CEO of Pittsfield Co-op

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Michael Daly
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."
 
Co-op Bank is one of the oldest cooperative banks in the commonwealth of Massachusetts and has $400 million in assets. With a capital ratio of 16 percent it is one of the strongest in Massachusetts, and has achieved record earnings four out of five of the last fiscal years. Last year, Pittsfield Co-op commemorated its 135th anniversary with a new logo, website, branch signage, branch location, deposit and lending promotions, and digital infrastructure and technology.
 
"The spirit of a community bank is its connection to employees, local customers and the community," Daly said. "That's what I'm looking forward to most."

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Lanesborough Board OKs Budget, Warrant Article Changes

By Breanna SteeleiBerkshires Staff

LANESBOROUGH, Mass. — The Select Board  last week approved the fiscal 2027 draft budget and made slight changes in the warrant articles impending town vote.

The proposed spending plan has an increase of a little over 10 percent. Some of the main budget increases are the Mount Greylock Regional School District and McCann Technical School: the McCann assessment is up more than 30 percent based on factors including enrollment and the renovation project, and Mount Greylock's is up 11 percent.

Another notable increase was in the life and health insurance, showing an increase of about 26 percent.

"I'd like everybody to know that the Town Hall staff, everybody, the Police Department, Fire Department, the DPW, they really looked over their budgets and went down to bare bones. I want to give them credit for that, because I think the townspeople should know that we are not only as a Select Board, as a town administrator, we are all looking to keep our taxes within a reasonable amount," said Chair Deborah Maynard.

"And I want you all to realize that the town staff and the departments have really brought their budgets down to bare bones. And I'm making this because the school department, in my opinion, and this is my opinion only, has not done their due diligence in bringing their budget under control over a 10 percent increase. I think regardless of what the insurance went up, I still think that they could have cut their budget a little more."

Maynard was the only no vote in endorsing the budget. 

The free cash warrant articles for the annual town meeting were approved with a couple of changes since last meeting.

The board added the transfer of $1,200 from free cash to purchase software to support tracking and ongoing maintenance schedules of all town-owned vehicles.

Instead of transferring $200,000 from free cash for the replacement of a fire engine, voters instead will be asked to transfer $380,000 from the fire truck stabilization fund and authorize the treasurer to borrow up to $700,000 with approval from the Select Board.

An article asking to increase the Zoning Board of Appeals membership from three to five members was  withdrawn as board member Michael Murphy felt it was not needed anymore.

Other changes was withdrawal of free cash article of $3,200 for the Assessors WebPro online search software after public comment from Barbara Hassan addressed a miscommunication with the assessors property card format. Officials want to find another way to get the information that will not cost the town.

The annual town meeting is Tuesday, June 9, at 6 p.m. Lanesborough Elementary School. The annual town election will take place June 16 at Town Hall with polls open noon until 8 p.m.

In other business, solar developer Kirt Mayland updated the board about the solar array project at Old Orebed Road and the work with EDF Power Solutions, which was the highest bidder on the project in 2022 and has been working to bring a solar array on the capped landfill.

The group recently finished an interconnection study with Eversource and connected with ISO New England to make sure they did not have any effects on the transmission system. The price was affordable with Eversource and can move forward if allowed.

EDF's last option agreement was terminated in January, and since 2022 it has been paying $5,000 to extend services, looking to extend again with the town. 

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