01/02/2024 – Adams Community Bank Announces Changes in Commercial Senior Team

ADAMS, MA – January 2, 2024 – Adams Community Bank (ACB) announces 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 an impressive 47 years, Palma now enjoys a well-deserved, planned retirement. Palma has been an integral part of the ACB leadership team since March 2013, when she joined the Bank. Her expertise, dedication, and leadership have played a pivotal role in establishing the Bank as a trusted financial partner for businesses in Berkshire County.

“We are grateful for Donna’s many years of service and her positive impact on our Commercial Lending division and the entire Bank,” stated 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% 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, saying, “It has been an honor to be part of ACB and work alongside such dedicated colleagues. 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.

Adams Community Bank is an independent community savings bank in the Berkshires of western Massachusetts headquartered in Adams, MA. Adams Community Bank’s savings bank charter was incorporated in 1869, and the institution has approximately $995 million in assets. Adams Community Bank has ten locations in the region. They are in Adams, Cheshire, Great Barrington, Lanesborough, Lee, Lenox, North Adams, Pittsfield, and Williamstown. Member FDIC. Member DIF. Equal Housing Lender. Visit adamscommunity.com for more information. ###

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