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Greylock Insurance promotes six

PITTSFIELD Lori Goodell, Jay Marion, Julie Dieterich, Mary Benjamin, Nicole Sage and Hailey Lareau all have been promoted at Greylock Insurance Agency, according to agency president Michael Stoddard. Greylock ....

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Greylock Federal Credit Union to merge with Credit Union of the Berkshires

PITTSFIELD â Greylock Federal Credit Union and Credit Union of the Berkshires, two of Berkshire Countyâs oldest such financial establishments, have reached an agreement to merge, their CEOs said Monday.
The merger is subject to the approval of the Credit Union of the Berkshiresâ 2,000 members, and three regulatory agencies: the National Credit Union Administration, the Massachusetts Division of Banks and the Massachusetts Credit Union Share Insurance Corp. The NCUA is the national regulatory agency for credit unions.
The merger is expected to be completed in late fall.
Pittsfield-based Greylock, the countyâs largest credit union, has $1.4 billion in assets and is wholly owned by its 90,406 members. Credit Union of the Berkshires, which would become part of Greylock after the merger is finalized, has nearly $23 million in assets and is the second-largest credit union in Pittsfield. ....

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Expansions, retirements drive insurance agency mergers

Expansions, retirements drive insurance agency mergers
Updated Feb 08, 2021;
Posted Feb 08, 2021
Roger Butler Jr. is the principal at Roger E. Butler Insurance in downtown Westfield. (Don Treeger / The Republican)
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The Dowd Agencies, a 120-year-old Holyoke institution, recently announced its purchase of the J. Raymond Lussier Insurance Agency of West Springfield, which was founded in 1975.
And Greylock Insurance, the insurance arm of Greylock Federal Credit Union, has bought the Roger Butler Insurance Agency in Westfield, a fourth-generation family company founded in 1902.
The purchases continue a trend of consolidation in an industry once dominated by long-established family-owned businesses.
The Massachusetts Association of Insurance Agents has 1,120 members today down from 1,241 in 2017. The overwhelming majority of that decrease is due to mergers and acquisition activity, said Nicholas A. Fyntrilakis, president and CEO of the ....

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