Adams Community Bank Forms Treasury Management Department

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Taylor Gibeau

ADAMS, Mass. — Adams Community Bank has formed a new Treasury Management Department. 

The department's development reflects the bank's ongoing commitment to providing products and services for businesses of all sizes.
 
The Treasury Management Department will collaborate closely with other departments — including Commercial, Retail, and Government Banking — to deliver integrated treasury management solutions. The department will enable businesses to maximize cash flow and liquidity
as well as manage risk and fraud.
 
As part of this expansion, the bank has promoted Taylor Gibeau as associate vice president and treasury management officer. Gibeau has been integral to the bank's team for eight years, gaining treasury management and client relations experience in her previous roles. Her deep
understanding of businesses' needs and her consultative approach make her uniquely suited to lead this department, according to bank officials.
 
"We're excited to launch our Treasury Management Department as a key part of our strategy to better support the evolving needs of our business customers," said President and CEO Julie Fallon Hughes. "With Taylor's leadership and industry knowledge, she will thrive in her new position and play a vital role in shaping the department's success."
 
For more information about the bank's treasury management services, contact Gibeau at 413-749-1121 or tgibeau@adamscommunity.com.

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Hoosac Valley Seeks to Prevent 'Volatile' Assessments

By Sabrina DammsiBerkshires Staff
ADAMS, Mass.— The "volatile" shifts in Hoosac Valley Regional School District's town assessments year to year is hard for smaller towns to absorb; however, a proposed change to the regional agreement would fix that. 
 
During the Select Board meeting last week, Superintendent Aaron Dean presented the proposed change to the regional agreement that would set assessments based on a five-year rolling average rather than the annual student enrollment.
 
"The long-term goal is to make the assessment process a little bit more viable for people from year-to-year," he said. 
 
An ad hoc committee was convened to review the district's agreement, during which concerns arose about the rapid fluctuations in assessments.
 
"I think you have to look short term, and you have to look long term. The goal is to kind of level it off and make planning easier and flatten that curve in terms of how it's going to impact both communities," Dean said. 
 
Every year, it is a little more difficult for one community because they are feeling disproportionately impacted compared to the other, he said. 
 
"The transient nature of this population right now is like nothing I've ever seen," Dean said. 
 
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