Pittsfield to Study Parking Management, Hold Open House

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PITTSFIELD, Mass. — The city will undertake a sustainable parking management study downtown and the study team will host an open house to gather input from the city at the Colonial Theater lobby on Dec. 5 from 4 to 8 p.m.
 
Attendees can come and go to the open house for as little or long as needed.
 
The management study will provide framework to make parking an asset to continued downtown growth in its arts, retail and mixed-use developments.
 
A plan may include the introduction of on-street paid parking, new technology, changes to downtown employee parking permits, updates to way-finding and directional signage, improved enforcement efficiency and more. In addition, complementary issues such as intersection improvements and circulation patterns, bicycle routes and parking, and public transportation will be evaluated. The evaluation team will also review the administrative structure, governing entities, parking finances, and general operations to ensure that the recommendations of this effort can be implemented efficiently and effectively, according to the city's statement.
 
For more information, contact Laurie Mick in the Department of Community Development Office at 413-499-9368.
If you would like to contribute information on this article, contact us at info@iberkshires.com.

Protecting Your Assets: How FDIC and DIF Protect Your Deposits

Submitted by Dana Robb
In this time of economic uncertainty, keeping your money secure should be a top priority. The Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF) play crucial roles in safeguarding your deposits.
 
FDIC Insurance: Your First Line of Defense
More than just a sticker on the door at your bank, the FDIC, an independent government agency, provides insurance coverage for deposits at member banks. As of 2025, the FDIC insures up to $250,000 per depositor, per institution, and ownership category. This means if you have two different types of accounts (e.g. savings and a CD) at the same bank, you only receive $250,000 of insurance for these accounts even if you have more than this amount deposited. 
 
FDIC insurance is automatic for covered accounts at member banks for individual and business customers, meaning there's no cost to you for the protection. Covered accounts include:
  • Checking accounts
  • Savings accounts
  • Money market deposit accounts (MMDAs)
  • Certificates of deposit (CDs)
  • Certain retirement accounts, such as IRAs invested in CDs
In instances where an account has more than one owner, the $250,000 coverage per ownership still applies.
 
For example, a joint account with two owners could be insured up to $500,000 ($250,000 per owner). Similarly, a trust account with three beneficiaries could be insured up to $750,000. The only limitation is that the maximum insurance coverage for a trust owner with five or more beneficiaries is $1,250,000 per owner for all trust accounts held at the same bank. You can add more than five beneficiaries, but the coverage will not exceed $1,250,000.
 
Depositors Insurance Fund (DIF): Extra Protection for Massachusetts residents
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