Co-op Bank's CEO Steps Down

After 15 years at the helm, Jay Anderson, chief executive officer of Pittsfield Cooperative Bank, is stepping down for health reasons.  During his tenure as CEO, Anderson, 59, nearly doubled the bank’s asset size to $400 million during a period of record profitability in multiple years.
 

“I have been privileged to lead the Pittsfield Cooperative Bank and support the economic growth of this community,” Anderson said.  “I have full confidence that the bank will continue to thrive in the years ahead.”
 

Board Chairman John Martin thanked Anderson for his leadership and his expansion of the bank’s management team and the bank’s reputation, particularly in commercial lending.

The board is in the process of hiring a new CEO and Martin said he expects to make an announcement in the near future about a successor. 

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About Pittsfield Cooperative Bank:

Incorporated February 15, 1889, the Pittsfield Cooperative Bank (Co-op Bank) has been proudly providing customer-focused banking and lending services for the Berkshire community for 135 years. As an independent, full-service community bank, we have a deep history helping residents, regional businesses, the cultural arts and not-for-profit organizations. Pittsfield Cooperative Bank has branch offices and ATMs located in Pittsfield, Dalton, Great Barrington and Hinsdale and opened a new location at Williams Street in Pittsfield in April 2024.
 

Pittsfield Cooperative Bank was named one of the 50 Fastest Growing Commercial Lenders in Massachusetts and the first of all banks headquartered in the Berkshires by Banker & Tradesman in 2022. Member FDIC. Member DIF. Equal Opportunity Lender.