Co-op Bank Announces Promotion of Chief Operating Officer

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PITTSFIELD, Mass. Pittsfield Cooperative Bank (Co-op Bank) announced the promotion of Eric Padelford to Chief Operating Officer (COO). 
 
In his new role, Padelford will lead the bank's operational strategy and execution, driving innovation, efficiency, and exceptional customer experience across all areas of the organization.
 
According to a press release: 
 
A dynamic and results-driven operational leader with decades of experience in technology, finance, and banking, including extensive experience in the financial services sector since 2010—Padelford has been instrumental in modernizing Co-op Bank's infrastructure and aligning its operations with long-term strategic goals. He holds a Master of Science in Data Science from Eastern University, which fuels his data-driven approach to process improvement, performance management, and digital transformation.
 
"Eric's operational insight and forward-thinking approach have been instrumental in positioning Co-op Bank for sustainable growth," said Gregg Levante, President of Pittsfield Cooperative Bank. "He brings a balance of strategic vision and hands-on leadership that ensures we continue delivering the personal, community-driven banking experience our customers value."
 
As COO, Padelford will collaborate closely with President Gregg Levante and CEO Mike Daly to guide the bank's strategic initiatives and uphold its 136-year legacy of service to the Berkshires.
 
"Co-op has always stood apart because of its people and its purpose," said Padelford. "I'm honored to contribute to a team that not only drives innovation but does so with the needs of our local community at the heart of every decision. Supporting the communities we serve—both through the bank's initiatives and personal involvement—has always been a core part of my values."

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Pittsfield Affordable Housing Initiatives Shine Light, Hope

By Sabrina DammsiBerkshires Staff

Housing Secretary Edward Augustus cuts the ribbon at The First on Thursday with housing officials and Mayor Peter Marchetti, state Sen. Paul Mark and state Rep. Tricia Farley-Bouvier.
PITTSFIELD, Mass. — The holidays are here and several community members are celebrating it with the opening of two affordable housing initiatives. 
 
"This is a day to celebrate," Hearthway CEO Eileen Peltier said during the ribbon-cutting on Thursday. 
 
The celebration was for nearly 40 supportive permanent housing units; nine at "The First" located within the Zion Lutheran Church, and 28 on West Housatonic Street. A ceremony was held in the new Housing Resource Center on First Street, which was funded by the American Rescue Plan Act. 
 
The apartments will be leased out by Hearthway, with ServiceNet as a partner. 
 
Prior to the ribbon-cutting, public officials and community resource personnel were able to tour the two new permanent supported housing projects — West Housatonic Apartments and The First Street Apartments and Housing Resource Center
 
The First Street location has nine studio apartments that are about 300 square feet and has a large community center. The West Housatonic Street location will have 28 studio units that range between 300 to 350 square feet. All units can be adapted to be ADA accessible. 
 
The West Housatonic location is still under construction with the hope to have it completed by the middle of January, said Chris Wilett, Hearthway development associate.
 
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