Pittsfield Co-op Named one of Fast 50 Banks

Print Story | Email Story
The Pittsfield Cooperative Bank has been named one of the 50 Fastest Growing Commercial Lenders in Massachusetts and the first of all banks headquartered in the Berkshires. 
 
The Fast 50 is compiled from data collected by the Warren Group, publisher of The Banker & Tradesman magazine.  The Pittsfield Cooperative Bank is on the list of the 50 fastest growing lenders for the first six months of 2022, compared with the same period in 2021. 
 
"it’s an honor to be recognized among the state’s premier commercial lenders by an organization as respected within the industry as Banker & Tradesman,” said J. Jay Anderson, President and CEO of the Pittsfield Cooperative Bank. "Small businesses and small banks compete daily with well-financed rivals that have more resources to spend across the board.  We focus on what we do best, building relationships and we believe that this is a key differentiator for our customer."
 
The Bank ranked sixth in the number of Commercial Loans and ninth in Commercial Loan Volume. 
 

Tags: pittsfield cooperative bank,   

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Pittsfield Cooperative Bank CEO Steps Down

PITTSFIELD, Mass. — After 15 years at the helm, Jay Anderson, chief executive officer of Pittsfield Cooperative Bank, is stepping down for health reasons.  
 
During his tenure as CEO, Anderson, 59, nearly doubled the bank's asset size to $400 million during a period of record profitability in multiple years.
 
"I have been privileged to lead the Pittsfield Cooperative Bank and support the economic growth of this community," Anderson said. "I have full confidence that the bank will continue to thrive in the years ahead."
 
Board Chairman John Martin thanked Anderson for his leadership and his expansion of the bank's management team and the bank’s reputation, particularly in commercial lending.
 
The board is in the process of hiring a new CEO and Martin said he expects to make an announcement in the near future about a successor. 
View Full Story

More Pittsfield Stories