Adams Community Bank Holds Annual Meeting

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ADAMS, Mass. — The annual meeting of the Community Bancorp of the Berkshires, MHC, the parent company of Adams Community Bank, was held on April 12, 2023, at Charles H. McCann Technical School in North Adams. 
 
The meeting included a review of the 2022 financial statements for the Bank, highlighting another year of growth in assets, loans, deposits, and net income.
 
During his remarks, Charles O'Brien, President and CEO of Adams Community Bank, presented an overview of the year's results.
 
"Adams Community Bank reached record levels in many key areas, including growth in assets, loans, and deposits to $931 million, $751 million, and $797 million, respectively," he said. "Plus, we achieved record net income levels in 2022 as earnings totaled
$5.1 million, an increase of about one million from last year."
 
Upon the retirement of long-time Directors Jay O'Connor and Bernie Pinsonnault, Board Chair Jeff Grandchamp acknowledged their input, guidance, and leadership to the Bank during the past 25 years.
 
A newly elected board director, John Sinopoli, was introduced and welcomed.
 
Sinopoli is President and CEO of Synagex, an IT-managed services and cybersecurity company. O'Brien stated, 
 
"We are very pleased to have John join as a new director; his extensive exposure to the financial sector and his IT and cybersecurity expertise will be an indispensable asset to the Bank," O'Brien said. 
 
Sinopoli earned a BS from the University of Massachusetts at Lowell in Information Technology with a minor in business. Also, he holds an Executive Certificate from the MIT Sloan School of Management.
 
The Bank continued its strategic plan of expanding its physical footprint in Berkshire County by opening the Pittsfield branch in December 2022. A Great Barrington branch is slated for late 2023. ACB's footprint will cover communities along the northern border with Vermont and extend southerly to Great Barrington.

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Cardinals Add Koperniak to 40-Man Roster

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The St. Louis Cardinals Tuesday picked up the contract of Hoosac Valley alumnus Matt Koperniak and added him to the Major League Baseball team's 40-man roster, according to numerous media outlets.
 
The move came on the eve of MLB's deadline to either sign eligible minor leaguers or leave them eligible to be selected by other organizations in the upcoming "Rule 5 Draft."
 
The Belleville News-Democrat of Belleville, Ill., called Koperniak "arguably Memphis' MVP last season" after he hit 20 home runs with a .309 batting average and .512 slugging percentage for the Triple-A Redbirds.
 
"This fall, Koperniak has been playing winter ball in the Dominican Republic for Leones del Escogito, the team managed by Albert Pujols," Jeff Jones wrote in an article published Tuesday afternoon on the News-Democrat's website. "That exposure and valuable opinion no doubt played some role in the team determining that Koperniak could contribute as a depth offensive player in the majors."
 
Josh Jacobs, on the website "Redbirdrants.com" earlier on Tuesday listed Koperniak as one of, "Three Propsects the Cardinals Need to Protect Before Tonight's Rule 5 Deadline."
 
"The Cardinals have just six outfielders on their 40-man roster right now, and that's including Brendan Donovan, who may find himself playing infield a lot more in 2025," Jacobs wrote. "Adding Koperniak to the roster makes a lot of sense, and while he wouldn't have a clear path to playing time in St. Louis, he'd likely have a shot at some point."
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