05/20/2026
Pittsfield Cooperative Bank (Co-op Bank) held its Annual Meeting on Tuesday, May 19, celebrating a year of exceptional performance, meaningful growth, and significant leadership milestones for the organization. The meeting also provided an important opportunity for depositors to vote on the Bank’s merger of equals with Adams Community Bank, a key step in shaping the future of the institution.
Board Chairman John Martin announced that the Bank surpassed $400 million in total assets for the first time in its history, a defining achievement that reflects its continued momentum and strength. Over the past year, Pittsfield Cooperative Bank delivered impressive results across all key areas, with deposits increasing by $15.2 million, loans growing by $48.4 million, and total assets rising by $37.2 million.
As a result, the Bank reached new heights in lending performance, earning recognition from The Warren Group as the #1 Mortgage Lender in Berkshire County, a remarkable climb from its #6 ranking at the start of the year. In addition, Pittsfield Cooperative Bank was named a top Commercial Lender in the Berkshires, highlighting its expanding role in supporting both homeowners and local businesses across the region.
“Our performance this past year reflects the strength of our team, our strategy, and the trust our customers place in us,” said Michael P. Daly, Chief Executive Officer. “We’ve continued to build momentum while staying true to our commitment to the communities we serve.”
Co-op Bank’s strong performance was driven in large part by thoughtful and strategic investments in both talent and technology over the past year. These included the hiring of a President with deep market knowledge and extensive commercial banking experience, along with senior leaders in both Commercial and Retail Lending to accelerate growth and strengthen customer relationships. At the same time, the Bank enhanced its operational infrastructure through the implementation of new systems to support financial planning, strengthen credit risk oversight, improve efficiency, and enhance collaboration across the organization. The addition of a Chief Accounting Officer further strengthened financial leadership and overall capabilities.
During the meeting, depositors unanimously approved the merger with Adams Community Bank, signaling strong confidence in the future direction of the organization.
“This vote reflects the trust our depositors have in the path we’re on,” said Gregg Levante, President of Pittsfield Cooperative Bank. “Bringing these two institutions together allows us to build on our shared strengths, invest more deeply in our communities, and create a stronger, more dynamic bank for the future—while keeping decision-making right here in the Berkshires.”
