St. Stanislaus School benefit, 9 to 4 in Kolbe Hall, Adams. Bake sale, snack bar, games, Chinese auctions, money raffle, crafts, and pierogi.
Blackinton Union Church, 1373 Massachusetts Ave., North Adams; 10 to 2. Crafts table, bake sale, Chinese auction, the Christmas table, and kid's grab bag. Lunch $4, $2 kids.
First Congregational Church, North Adams, 9-2.
Nov. 28 Becket Federated Church, Route 8, holiday bazaar from 9-3. Lunch, crafts, baked goods, holiday and other items. Information: Mary Peltier, Parish House, 413-623-5217.
Dec. 5
Holiday Fair at First Congregational Church, 25 Park Place, Lee, from 10 to 3; handcrafted items, raffles, children's shop, bake sale, cut Christmas trees and lunch from 11 to 1. Includes angel-themed goods from SERRV. Information, 413-243-1033 or www.ucc-lee.org.
Dec. 12-13
North Adams Country Club, crafts 9-4; food from That's a Wrap from 11-2. Information: Sheryl Morehouse at 413-822-3329.
Planning a bazaar this season? Submit information to info@iberkshires.com to have it listed here.
We're trying out blogs to offer shorter, easy-to-find news. Let us know what you think.
Send press releases and announcements to info@iberkshires.com. Need to contact someone at iBerkshires? Here's how.
Mammography Dispute The government's issued controversial new guidelines stating that women shouldn't get annual mammograms until age 50, rather than age 40.
iBerkshires will be meeting with local medical experts Monday. Have a question you'd like answered on this issue? Send it info@iberkshires.com with "mammogram" in the subject line.
South Adams Savings Bank Says No to Federal Bailout Money
10:10AM / Friday, November 21, 2008
ADAMS, Mass. — South Adams Savings Bank (SASB) has no need to apply for participation in the U.S. Treasury Department’s Troubled Asset Relief Program (TARP) Capital Purchase Program. This program, established by the Emergency Economic Stabilization Act of 2008, was designed by Congress to assist banks that need to bolster their capital. TARP is managed by the U.S. Department of the Treasury and provides up to $250 billion in immediate funds to buy troubled mortgages and assets from financial institutions.
After extensive consideration, SASB’s Board of Trustees and management determined that the bank will not apply for TARP funds due to the bank’s financial strength, excellent asset quality, and stable capital base. SASB’s capital ratio is well above federal regulations and industry norms. Having never engaged in sub prime lending, SASB remains a bank rooted in its community, has a strong balance sheet, and continues to build long lasting relationships with its borrowers.
“We are a well-capitalized bank and we have determined that we do not need the additional capital offered by the TARP to meet the banking and borrowing needs of our customers, or our long-term strategic objectives,” said Charles O’Brien, president and chief executive officer. “In fact, we have plenty of money to lend to qualified borrowers.” O’Brien added, “we regularly assess risks within the industry and our market, and take the actions necessary so that we can ride out economic cycles such as the downturn that the nation is facing. Our customers expect this type of proactive planning from their local community bank as a way to provide stability for Berkshire County. At South Adams Savings Bank our top priority is to support our customers and earn their trust. We do this on a daily basis by making sound business decisions.”
Founded in 1869, South Adams Savings Bank is a state-chartered mutual savings bank with over $190 million in assets serving the residents of Berkshire County from offices in Adams, Cheshire, Williamstown and Lee. Deposits are insured in full by the Federal Deposit Insurance Corporation and by the Depositors Insurance Fund. South Adams Savings Bank can be contacted at (413) 743-0040 or at www.sasavings.com.
