Adams Community Bank Changes Commercial Senior Team

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Palma and Tracy
ADAMS, Mass. — Adams Community Bank (ACB) announced the retirement of Senior VP of Commercial Lending Donna Palma and the promotion of Tracy McConnell to succeed Palma.   
 
After a career in banking spanning 47 years, Palma now enjoys a planned retirement. Palma has been a part of the ACB leadership team since March 2013, when she joined the bank.
 
"We are grateful for Donna's many years of service and her positive impact on our Commercial Lending division and the entire Bank," said Charlie O'Brien, ACB President and CEO. "The success and growth we've experienced in commercial lending can be directly attributed to her strategic vision and unwavering commitment to excellence.  Our commercial lending portfolio increased 136 percent during Donna's tenure."
 
Palma's impact extends to the Berkshire communities we serve.  She is a past member of numerous boards, including 1Berkshire, the Gladys Allen Brigham Community Center, and the Pittsfield Rotary Club.
 
Palma expressed gratitude for the opportunity to serve the Bank and its clients.
 
"It has been an honor to be part of ACB and work alongside such dedicated colleagues," she said. "I am proud of what we have achieved together and am confident in the continued success of the Commercial Lending team under Tracy's guidance."
 
McConnell, recently promoted to SVP of Commercial Lending, joined ACB three years ago with 25 years of experience in the banking industry. McConnell holds a bachelor's degree from Massachusetts College of Liberal Arts (MCLA) and received her Master of Banking diploma from Stonier Nation Graduate School of Banking at UPENN. She has also earned various banking-related diplomas from the American Bankers
 
Association (ABA) banking school. McConnell is on the AJY Fund and United Cerebral Palsy Boards, an Advisory Committee Chair for the Business Technology department at Charles H. McCann Technical School, and a North Adams Rotary Club member.

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Cheshire to Vote on School Funding and More at Town Meeting

By Daniel MatziBerkshires correspondent
CHESHIRE, Mass. — Voters will gather on Monday, June 10, to address the annual town budget and several key issues during the town meeting in the Cheshire Community House cafeteria (The former Cheshire Elementary School) at 7 p.m., with voter check-in starting at 6:30 p.m.
 
The warrant can be found here.
 
The proposed budget for fiscal 2025 includes various departmental funding requests, reflecting necessary increases due to inflation and rising costs of materials and services, according to the Cheshire Annual Town Meeting Voter Information Packet.
 
The town's operating budget highlights an allocation of $1,509,096 for general government operations, with a notable portion dedicated to legal services reflecting ongoing litigation. That amount would increase from $12,500 in FY24 to $20,000 in FY25.
 
Two articles in the warrant directly relate to funding for the Hoosac Valley Regional School District. Article 9 would pass the district's $3,098,996 budget as submitted. If that passes, Article 25 would determine if the town would pay for the budget by transferring funds from free cash and the general stabilization fund.
 
If the HVRSD budget does not pass, the town would move to vote on a Proposition 2.5 override, effectively raising the tax rate for the town. Adams town meeting approved the school budget last week. 
 
Voters will also decide on compensation for elected officials, disposal of surplus property, and authorization for balance agreements. Significant spending articles include:
 
Public Safety: $468,052 for police and fire services, with the introduction of a full-time School Resource Officer at Hoosac Valley Regional Middle and High School.
 
 Highway Operations and Tree Warden: $1,046,092, covering increased wages and increased rates and the usage of streetlights.
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