ACB Announces Merger
Updates on Our Partnership with Pittsfield Cooperative Bank
On Monday, April 6th, 2026, Julie Fallon Hughes, CEO of Adams Community Bank, and Michael P. Daly, CEO of Pittsfield Cooperative Bank (Co-op Bank), announce that their Boards of Directors have unanimously approved a strategic merger estimated to be completed late fall 2026. The combined institution will operate as a mutual banking organization with approximately $1.5 billion in assets, nearly 200 employees, and fifteen full-service branches serving communities throughout the county.
The merged bank will locate its headquarters and a full-service branch at 99 West Street in Pittsfield, a building recently purchased by Co-op Bank. Upon completion, the combined institution will remain a locally focused community bank with decisions made in the Berkshires. The bank will continue to invest in local businesses and nonprofit organizations to support its customers and communities. All customer deposits will continue to be fully insured through the FDIC and the Depositors Insurance Fund (DIF).
As we bring two banks together, we’re committed to keeping you informed. Visit this page for the latest update, helpful information, and answers to your questions along the way.
What Can I Expect?
- There are no immediate changes.
- Both banks continue to operate as they do today.
- We will communicate clearly as plans develop.
About Community Bancorp of the Berkshires
Community Bancorp of the Berkshires, MHC, is headquartered in Adams, MA, and serves as the parent company of Adams Community Bank. The Bank was incorporated in 1869 and is an independent community savings bank serving the Berkshires of western Massachusetts. The Bank has approximately $1 billion in assets and operates nine locations throughout Berkshire County in Adams, Cheshire, Great Barrington, Lanesborough, Lee, Lenox, North Adams, Pittsfield, and Williamstown.
Member FDIC. Member DIF. Equal Housing Lender.
About Pittsfield Cooperative Bank
Incorporated in 1889, Pittsfield Cooperative Bank (Co-op Bank) is a community-focused financial institution with $430 million in assets dedicated to providing personalized banking solutions to individuals and businesses. Co-op Bank has one of the strongest capital ratios in Massachusetts, and is the only Berkshire County bank headquartered in Pittsfield. As an independent, full-service community bank with a commitment to local decision-making, it has a deep history of supporting residents, regional businesses, arts and cultural venues, and not-for-profit organizations through its products, services, sponsorships, donations, and volunteer initiatives. Pittsfield Cooperative Bank has branch offices and ATMs in Pittsfield, Dalton, Great Barrington, and Hinsdale.
Member FDIC. Member DIF. Equal Opportunity Lender.
Frequently Asked Questions
Why are the banks merging?
Both banks share a long-standing commitment to community banking in the Berkshires. By coming together, the combined institution will have greater resources to invest in infrastructure, technology, and services while continuing to deliver the personal service customers value.
What will change right now?
Nothing is changing right now. Both banks will continue to operate independently until the merger is completed, and customers should continue banking as they normally do.
Do I need to do anything?
No. There is nothing you need to do at this time. You can continue banking as you do today.
Will my accounts or account numbers change?
There are no immediate changes to your accounts. As the merger progresses, updates will be communicated clearly in advance, along with guidance on any steps required.
Will all branches of both banks remain open?
Branch locations will continue operating as usual during the merger process. Branches will be evaluated as part of the approval and integration process, and any updates will be communicated clearly.
Will the bank still be locally managed?
Yes. The combined institution will remain locally led and headquartered in Pittsfield, with key decisions made here in the Berkshires.
When will the merger be completed?
The merger is expected to be completed in late fall 2026, pending regulatory approval. Updates will be shared as the process moves forward.
Will my interest rates or loan terms change?
Your existing loan terms, interest rates, and account agreements will remain the same. Future updates will be communicated clearly and in advance.
Will online and mobile banking change?
There are no immediate changes. As systems are aligned, customers will receive advance notice along with clear instructions and support.
What will the new bank be called?
A new name and brand are being developed to reflect the mission, history, and contributions of both organizations. Updates will be shared as the process moves forward.
Are my deposits safe?
Yes. Customer deposits remain fully insured in accordance with FDIC and DIF regulations.
