GCB News and Announcements


NOW ACCEPTING APPLICATIONS FOR FORGIVENESS & 3RD ROUND PPP (Paycheck Payment Program) LOANS
The Small Business Administration (SBA) reopened the PPP Program. In our continued efforts to support our customers and local businesses, GCB is accepting applications for Forgiveness; as well as, First Draw and Second Draw PPP Loans.

A First Draw is for businesses that have not received a PPP Loan to date. A Second draw is for businesses that have received a PPP Loan. Forgiveness of the First PPP Loan does not have to be forgiven to apply for a Second Draw.

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Greenfield Cooperative Bank announces planned retirement of Michael E. Tucker and selection of new President Anthony J. Worden
Kevin J. O’Neil, Chairman of the Board of Directors of Greenfield Cooperative Bank and its Northampton Cooperative Bank division has announced the promotion of Anthony J. Worden to President and Chief Operating Officer to be effective as of January 1, 2021. This promotion is in anticipation of the retirement next year of current President and Chief Executive Officer Michael E. Tucker. Mr. Tucker is relinquishing his title as President, but will remain as Chief Executive Officer until Mr. Tucker’s actual retirement in January 2022 when Mr. Worden will take over that role as well. Tucker will remain as a director of the bank and holding company. Mr. O’Neil noted that this transition schedule is part of an overall succession plan for the bank that the Board adopted some time ago.

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Photo of Anthony Worden Photo of Michael Tucker

Security Summit partners warn taxpayers of new COVID-related text scam
The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment.

Greenfield Cooperative Bank has not been hacked. Should you have any further questions, please contact the IRS directly.

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New Mortgage Originators Hired at Greenfield Cooperative Bank
Michael E. Tucker, President & CEO announced two new Mortgage Originators in the bank’s residential lending department. Mr. Tucker stated “the bank is pleased to have these two professionals to join our mortgage team especially with the increased refinancing activity in this period of extremely low interest rates”. Jessica O'Clair and Kimberlee Gates started working at the bank last month.

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Photo of Jessica OClair Photo of Kimberlee Gates

Greenfield Cooperative Bank Employees Graduate from New England School for Financial Studies
Greenfield Cooperative Bank is pleased to announce that Jeremy Lajoie, AVP Mortgage Operations Manager, and Lisa Granger, AVP Branch Manager have completed their course work and have graduated as part of New England School for Financial Studies class of 2020.

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Greenfield Cooperative Bank Recognized for Community Contribution
Michael Tucker, President & CEO of Greenfield Cooperative Bank, is pleased to announce that GCB has been recognized, in Banking New England Magazine, as the number one bank in Western Mass for Community Contribution.

The Banking Choice Awards celebrate the financial institutions that regularly go above and beyond to serve their customers.

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