Page 28 - BusinessWest October 27, 2021

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BANKS IN WESTERN MASS.
RANKED BY ASSETS
MONSON SAVINGS BANK
www.monsonsavings.com
INSTITUTION
GREENFIELD CO-OPERATIVE BANK
www.greenfieldcoopbank.com
NORTH BROOKFIELD SAVINGS BANK
www.northbrookfieldsavingsbank.com
ASSETS
$898,144
892,805
685,867
633,779
447,156
$393,740
326,504
DEPOSITS
$742,882
578,777
396,159
NET INCOME
SALISBURY BANK & TRUST CO.
www.salisburybank.com
MOUNTAINONE BANK
www.mountainone.com
ADAMS COMMUNITY BANK
www.adamscooperative.com
LEE BANK
www.leebank.com
PITTSFIELD CO-OPERATIVE BANK
www.pittsfield-coop.com
Debt
Continued from page 26
with mortgage and credit-card payments, Viale added. “My industry has been working flat out to develop and implement these additional hardship programs.”
Back to School
It’s not easy to escape credit-card debt — espe- cially with the average annual percentage rate
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18
20
968,178 2,252
661,382 1,908
523,446 751
$329,328 -$1,090
949,722
693,747
537,970
319,353
230,076
Richard Cantele Jr.
Robert Fraser
Charles O’Brien
Charles Leach III
Jay Anderson
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256,727
599
$1,462
879
784
NET LOANS
726,117
433,325
352,483
PRESIDENT/CEO
GREENFIELD SAVINGS BANK
www.greenfieldsavings.com
1,145,751
John Howland
Michael Tucker
Daniel Moriarty
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NEW VALLEY BANK & TRUST CO.
www.banknewvalley.com
324,357
84859
257,651
64462
377
-577
235,020
36366
Donna Boulanger
J. Jeffrey Sullivan
topping 16%.
According to a Bankrate.com survey, 54% of
adults carry credit-card balances from month to month, and 50% of have been in credit-card debt for at least a year. The average person with credit card debt owes $5,525.
And that’s only one element of household debt. Wth student-loan payments ramping back up in February, the Department of Education has launched an extensive outreach campaign to
borrowers.
“They’re giving people several months notice.
They’re doing a pretty good job of letting con- sumers know this is coming,” Viale said. “But that doesn’t really mean much when you haven’t had to do it in a long time.” u
—Joseph Bednar
28 OCTOBER 27, 2021
BANKING & FINANCE
BusinessWest