Adams Bank Names Senior VP of Compliance and Risk Management

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John Scarpa Jr.
ADAMS, Mass. — Adams Community Bank has named John Scarpa Jr. as senior vice president of compliance and risk management. 
 
In this role, Scarpa will lead the bank's compliance, risk management, and regulatory strategy, ensuring the institution continues to meet and exceed regulatory standards while supporting sustainable growth.
 
Scarpa brings over a decade of experience in the financial services industry, including a tenure as a national bank examiner with the U.S. Office of the Comptroller of the Currency.
 
During his time with the OCC, Scarpa led complex regulatory examinations and risk assessments across institutions of varying sizes, gaining deep insight into regulatory expectations, risk frameworks, and governance practices.
 
"John's expertise and leadership in compliance and risk oversight make him an exceptional addition to our executive team," said Julie Fallon Hughes, bank president and CEO. "As the regulatory landscape continues to evolve, having someone with his depth of experience is critical to ensuring we uphold the highest standards of integrity and risk management on behalf of our customers and community."
 
Scarpa holds a bachelor's degree in economics from the University of Massachusetts at Amherst. He is a certified financial risk manager and a member of the Global Association of Risk Professionals. As a native of Lee, he said he is excited to raise his family back home and engage in the local community.

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Adams Plans Route 8 Blight, Winter Street Reconstruction

By Sabrina DammsiBerkshires Staff

The narrow street runs along the river between Hoosac Street and Summer Street. Plans for the street have been under consideration for nearly 15 years. 
ADAMS, Mass. — The town is preparing to submit an application for Community Block Grant Funds following the designation of its blighted area on Route 8. 
 
CDBG is a federally funded competitive grant program administered by the state. It can be used for activities that address blight, housing, beautification, demolition and economic development.
 
According to a report by Berkshire Regional Planning Commission 26.5 percent of the existing primary buildings in the area are physically deteriorated and include high vacancy, suspected contamination, abandoned properties, and decline in property value. The overall percentage of properties contributing to slum and blight is 32.1 percent. 
 
The town will be applying for the maximum amount communities can receive, $950,000. The public hearing, required prior to submitting an application, will take place at the Select Board meeting on Wednesday. The deadline for fiscal year 2026 is April 21.
 
If approved, grant funds would be used to rehabilitate six housing units and complete a "big" construction project focused on Winter Street, said Donna Cesan, community development director. 
 
"We've been talking about Winter Street for a long time," she said. 
 
Currently, the Winter Street project is estimated to cost $760,000. The town will need to use Chapter 90 road funds because its expecting to get $550,000 to $600,000 from CDBG.
 
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