Berkshire Bank Names Private Banking SVP

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David J. Coughlin
BOSTON — David J. Coughlin, a private and commercial banking professional, has joined Berkshire Bank's growing private banking team as a senior vice president, private banking, serving the Boston market.  
 
Berkshire Bank is a leading community bank with financial centers in New England and New York.
 
"We are very excited and pleased to welcome David to our team," said Elizabeth Mineo, managing director of private banking. "The role supports our continued commitment to provide exceptional service, advice, customized lending, and liquidity management solutions, delivered by experienced bankers embedded in the communities we serve." 
 
At Berkshire, Coughlin will be responsible for new business development in the Boston market and supporting private banking clients with a full suite of financial solutions tailored to help them reach their individual goals.
 
He brings more than 30 years of experience in the financial services industry within the Boston area. He has worked with professional service firms, privately held middle market businesses, and high-net worth individuals and businesses. Most recently, he spent 20 years with Boston Private Bank and later Silicon Valley Bank, a division of First Citizens Bank, where he was managing director of SVB Private. Prior to joining Boston Private, Coughlin also held commercial banking roles with Citizens and State Street Bank. 
 
He holds a bachelor's degree in finance from Boston College, serves on the Advisory Board of the Laboure Center Catholic Charities of the Archdiocese of Boston and resides in Milton with his spouse.  

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Dalton Finance Makes Reserve Fund Transfers

By Sabrina DammsiBerkshires Staff
DALTON, Mass. — The Finance Committee made two reserve fund transfers last Wednesday night. 
 
The reserve fund balance is currently $60,000. This is the first reserve fund transfer the town has made this fiscal year, committee clerk Karen Schmidt said. 
 
A transfer to the vocational education tuition account for $16,000 was approved. The original appropriation was $605,020 and the present balance is $4,527. 
 
It had been previously demonstrated that setting the budget for this account can be challenging due to the uncertainty about how many students will choose to attend vocational education programs.
 
The vocational education account was reduced by $90,000 during a September special town meeting; however, a spot opened up at a vocational program, so a student decided to transfer after the start of the second quarter. 
 
A transfer for the employee fringe benefits account was approved for $10,000. The original appropriation was $64,180. 
 
The present balance is $4,412.77 and is not sufficient to cover the vacation payouts and sick buy backs of the six employees who left this year. 
 
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