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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Friday Front Porch Feature: Allendale Pines North

By Breanna SteeleiBerkshires Staff

PITTSFIELD, Mass. — Are you looking for an inexpensive home to raise your family in? Then this might be the home for you. And if not, there's a couple other options.

Our Friday Front Porch is a weekly feature spotlighting attractive homes for sale in Berkshire County. This week we are showcasing model homes at Allendale Pines North.

Teton Management is opening its new manufactured housing development next Allendale Pines at 395 Cheshire Road, and has three different model homes to choose from.

The Monroe with a full porch and with a half-porch, and The Aspire are available to move into in March. 

All the models have three bedrooms and two baths in 1,280 square feet, and include two parking spaces. The Monroe full-porch is on the market for $194,900, Monroe half-porch $189,900, and The Aspire for $204,900. View a video tour here.

The lot rent is $550 a month and it includes trash removal and recycling, as well as water and sewer. Tenants are responsible for their own utilities and lawn care/snow removal. Dogs and cats are allowed, for up to two pets.

We spoke with Val Whaling from Teton Management about the new homes.

What do you think makes this property stand out in the current market? 

The three models — Monroe Full- Porch, Monroe Half -Porch, and The Aspire — are Titan Home products manufactured by Champion Homes and stand out in the current market because:

  • The purchase price of these homes is well below current market rate single-family homes in Berkshire County.

  • The 5 Star Energy-Efficient rating (featuring energy-efficient windows and high- performance insulation) and one-year warranty on the home, sets these homes apart from older, stick-built homes.

  • These homes are built to strict HUD standards and include structural integrity in order to meet federal standards for durability, safety and wind resistance.

Are there any stand-out design features? 

Stand out features include: open concept floorplan, covered porches, stainless steel appliances, large laundry room /mudrooms, and large glass walk-in showers.

What kind of buyer do you see this home being perfect for? 

First time homebuyers/ professionals preferring home ownership vs. renting, empty nesters wanting to downsize, and cost-conscious individuals preferring the affordability of these homes.

What's the neighborhood like? 

Allendale Pines North will be comprised of 22 brand-new homes, on individual lots, set on beautiful property, neighboring the Ashuwillticook Rail Trail. The property is located at 395 Cheshire Road, Pittsfield, offering proximity to retail shopping and dining. Additionally, Allendale Pines North property is well managed by a reputable owner/operator. (All adult community residents are approved via community application approval process.).

What would you say to a buyer trying to imagine their life in this space? 

"Imagine the cost savings of owning a brand-new, energy-efficient home, easy to maintain and allowing the convenience of modern day and easy living, in a quiet, well-managed community."

What does the home come with? 

Included are: Stainless steel Whirlpool appliances (refrigerator with icemaker, dishwasher, and gas stove/oven), and closets equipped with shelf/hanging rod. Plus an 8-by-10-foot Amish built shed, two wooden entrance stairs with wooden handrails and black wrought iron spindles, two-car driveway, sidewalks and brand-new water/sewer infrastructure.

You can find out more about these homes on its listing here.

*Front Porch Feature brings you an exclusive to some of the houses listed on our real estate page every week. Here we take a bit of a deeper dive into a certain house for sale and ask questions so you don't have to.

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