Adams Bank Names Senior VP of Compliance and Risk Management

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John Scarpa Jr.
ADAMS, Mass. — Adams Community Bank has named John Scarpa Jr. as senior vice president of compliance and risk management. 
 
In this role, Scarpa will lead the bank's compliance, risk management, and regulatory strategy, ensuring the institution continues to meet and exceed regulatory standards while supporting sustainable growth.
 
Scarpa brings over a decade of experience in the financial services industry, including a tenure as a national bank examiner with the U.S. Office of the Comptroller of the Currency.
 
During his time with the OCC, Scarpa led complex regulatory examinations and risk assessments across institutions of varying sizes, gaining deep insight into regulatory expectations, risk frameworks, and governance practices.
 
"John's expertise and leadership in compliance and risk oversight make him an exceptional addition to our executive team," said Julie Fallon Hughes, bank president and CEO. "As the regulatory landscape continues to evolve, having someone with his depth of experience is critical to ensuring we uphold the highest standards of integrity and risk management on behalf of our customers and community."
 
Scarpa holds a bachelor's degree in economics from the University of Massachusetts at Amherst. He is a certified financial risk manager and a member of the Global Association of Risk Professionals. As a native of Lee, he said he is excited to raise his family back home and engage in the local community.

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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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