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IRAs Quick Links
Traditional IRAs
Roth IRAs
IRA Rates
Financial Calculators

Individual Retirement Accounts

Adams Co-Operative Bank has been helping its customers prepare for the future since 1895. We know that you work hard for your money, and making a decision on where to save or invest it shouldn’t be taken lightly.

Our goal is to make our customers’ retirement decisions uncomplicated and pleasant—as well as find a plan that works for you. Adams Co-operative Bank can assist you with deciding which IRA Retirement account would be best for you—the Traditional IRA or the ROTH IRA, and explain their differences.

Whether you are looking to make a contribution, roll your 401K pension funds, or just have a question, Adams Co-Operative Bank is here to help.

Adams Co-Operative Bank Board

Teresa A. Daignault
Richard A. Dunn
Jeffrey P. Grandchamp
David J. Lipinski
Stephen B. Nelson
Atty. Stephen Pagnotta
Leon S. Parrott, Jr.
Joesph F. Truskowski, Jr.
Francis Waterman

Adams Co-Operative Bank
Mortgage Loan Originators

The Secure and Fair Enforcement for Mortgage Licensing Act
of 2008 requires all Financial Institutions and Mortgage Loan
Originators (MLO) to be registered with the National Mortgage
Licensing System and Registry (NMLSR). Each MLO is given a
unique identifying number.

Adams Co-Operative Bank has four MLO’s listed below:

Mortgage Loan Originator     Identifying #
Ricky R. Gurney                        # 462115
Patricia A. Carpenter                     # 462116
Dawn M. Lampiasi                    # 462117
Pamela S. Duval                        # 583013

Click here for more info regarding Mortgage Loan Originators.

Allyn F. Basel

Allyn began working for Adams Co-Operative Bank in 1974. She was appointed Vice President in 1996.

Allyn received her Bachelor of Science from North Adams State College. She has continued to further her education
with additional courses from MCLA as well as the Institute
of Financial Education, Northeast Retirement Services,
FiServ and the Community Bank League of New England.

Allyn actively volunteers in the Northern Berkshire
community and lives in Stamford, VT.

Andre P. Charbonneau

Andre was hired as CFO/Treasurer by Adams
Co-Operative Bank in 2009. Prior to this, he was
employed by two regional accounting firms: Wolf &
Company, P.C. and Lombardi, Clairmont & Keegan.

Andre was born and raised in the Berkshires. He
graduated from Western New England College with a Bachelor of Science degree in accounting.

Andre is active in the Adams Youth Center and the
Northern Berkshire United Way. He lives with his wife and children in Lanesboro.

Business Checking Account

    • No minimum balance
    • No monthly service charge
    • First 200 processed checks each month...FREE
    • First 400 deposited items each month...FREE
    • ATM & Debit cards transactions...FREE
    • Online bill payments...you guessed it...FREE

Fees:
A per item charge fee of $.25 will assessed for each
check drawn in excess of 200 during a month and
each deposited item in excess of 400 during a month.

Commercial Construction Loans

Make your building plans a reality.
Our innovative solutions allow
flexible terms during construction
and permanent financing.

For more information, call us at
(413) 743-0001.

Deposits Insured in Full

At Adams Co-operative Bank every deposit
is insured in full. The Federal Deposit Insurance
Corporation's (FDIC) standard deposit
insurance amount is $250,000 per depositor,
for each account ownership category.

All deposits above that amount are insured by the
Share Insurance Fund of Massachusetts (SIF).
There are no maximum account limitations or
amount limitations.

Business Investment Account

For businesses that typically have higher balances, or are looking for
self-managed higher rate accounts,
this account is a solid investment option. A tiered structure allows you to put your surplus cash to work. Federal regulations limit the number of transfers from the account.

Commercial Lines of Credit

We can work with you to create a
Credit Line solution that can provide
short-term financing for working
capital needs, or to smooth out
seasonal revenue cycles.

Business Loans

Sometimes, you need money to make
money. Our Business Loans are a
great way to finance start-up costs,
inventory expansion and other
important business expenditures.

Give our Commercial Department a call
at (413) 743-0001.

Commercial Real Estate Loans

Adams Co-Operative Bank can help
you finance a variety of commercial properties—from storefront and
office properties to apartment buildings. Already own your building?

We can help you expand it at
competitive rates and terms.

Please Note

You are leaving the Adams Co-Operative Bank website. By clicking "Continue" below, you will enter a web site created, operated
and maintained by another business or organization.

The hyperlink to this Internet site is provided solely as a convenience
to the users of the Adams Co-Operative Bank web site. The Bank has
made a limited effort to determine that these links function properly.
However, linked sites are not under the control of the Bank, and the
Bank is not responsible for the contents of any linked site, or any link
contained in a linked site. You are responsible for confirming the
identity and authenticity of any site you visit and transact business with online. The inclusion of a link does not imply or constitute an
endorsement by the Bank, or its management, the products or services
it offers, or any advertisers or sponsors appearing on these web sites.

Continue

Please Note

Current Checking Account Rates	Minimum to Obtain APY	Interest Rate	APY*

NOW Account	$10	0.05%	0.05%
Money Market	$2,500 and Over	0.50%	0.50%
	$10 to $2,499.99	0.25%	0.25%
Performance Investment***	$20,000 and Over	1.00%	1.00%
	$12,500 to $19,999.99	0.75%	0.75%
	$5,000 to $12,4999.99	0.50%	0.50%
	$10 to $4,999.99	0.10%	0.10%
***A monthly fee of $ 15.00 will be imposed every statement cycle if the balance in the account falls below $5,000.00 any day of the cycle.
Rewards Checking Account (1)
Rewards Rate
On balances up to $ 25,000.00	$ .01	2.96%	3.00%
(if you qualify)(2)
Rewards Rate
On portion of balance exceeding $ 25,000.00	$ 25,000.01	0.75%	1.88% to 3.00%(1)
(if you qualify)(2)
Base Rate
On full balance	$ .01	0.05%	0.05%
(if you do not qualify)(2)
Effective December 16, 2010
The rate on Savings and Checking Accounts are variable and may change after the account is opened.

24-Hour Banking

For our customers' convenience,
Adams Co-Operative Bank offers a
24-hour toll free Express Phone to
conduct business transactions or
simply check your balance.

(877) 266-7397

Night Depository

We offer the convenience of a night
deposit, allowing deposits and loan
payments to be made before or after
banking hours, or if you are simply
too busy to stop in the lobby.

Customer Support Online Banking

Please Note

Free Checking Account

At Adams Co-Operative Bank, Free Checking is just the beginning.
We give you a whole package of free banking services:

Free Checking with No minimum balance, No monthly service charge, No per-check fees
Free Standard Checks—not just the first order, but ALL your checks
Free ATMs anywhere—we never charge our customers for using any ATM
Free Debit Card with NO annual fee
Free Online Banking
Free Online Bill Pay
Free Telephone Banking

Please Note

Holiday Club

There are countless things to save your money for…
and countless things to spend it on! With our
Holiday Club Savings, we make saving for those "special" expenses easy and convenient. Weekly, biweekly, or monthly withdrawals from
your Adams Co-Operative Bank checking or savings account make savings automatic, so your money
will stay saved for that special time of year.

Please Note

Certificate of Deposit Rates

	Minimum to Obtain	Interest
Term	APY	Rate	APY*
3 Months	$ 500.00	0.40%	0.40%
6 Months	$ 500.00	0.75%	0.75%
9 Months	$ 500.00	0.85%	0.85%
1 Year	$ 500.00	1.00%	1.00%
"13" Month Special	$ 500.00	1.14%	1.15%
18 Months	$ 500.00	1.14%	1.15%
2 Year	$ 500.00	1.24%	1.25%
30 Months	$ 500.00	1.49%	1.50%
3 Year	$ 500.00	1.98%	2.00%
4 Year	$ 500.00	1.98%	2.00%

* The Annual Percentage Yield (APY) is accurate as of the effective date listed above. Fees may reduce
earnings on an account. A substantial penalty may be imposed for early withdrawal of term accounts.

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Certificate of Deposit

A certificate of deposit (CD) is a time deposit.
CDs are similar to savings accounts in that they
are insured—all CDs are insured by the FDIC.
They are different from savings accounts in that
a CD has a specific, fixed term and usually, a
fixed interest rate. It is intended that the CD be
held until maturity, at which time the money may
be withdrawn together with the accrued interest.

Current IRA Rates

	Minimum to Obtain	Interest
Term	APY	Rate	APY*
1 Year	$ 500.00	1.00%	1.00%
"13" Month Special	$ 500.00	1.14%	1.15%
18 Months	$ 100.00	1.14%	1.15%
2 Year	$ 500.00	1.24%	1.25%
30 Months	$ 500.00	1.49%	1.50%
3 Year	$ 500.00	1.98%	2.00%
4 Year	$ 500.00	1.98%	2.00%

Rates are subject to change. * The Annual Percentage Yield (APY) is accurate as
of the effective date listed above. Fees may reduce earnings on an account.
A substantial penalty may be imposed for early withdrawal of term accounts.

Roth IRA

The Roth IRA allows only nondeductible
contributions and features tax-free withdrawals
for certain distribution reasons after a five-year
holding period. Since Roth IRA contributions are
nondeductible and taxed in the year they are
earned, if you expect to be in a higher tax bracket
when you retire, you may benefit more from a
Roth than a traditional IRA. You are eligible to
establish a Roth IRA if you or your spouse have
compensation and your modified income does
not exceed certain prescribed limits.

Traditional IRA

An individual retirement arrangement (IRA)
is the blanket term for a form of retirement plan
that provides tax advantages for retirement savings
in the United States. The Traditional IRA allows
you to defer taxes on the earnings on your contributions
until they are withdrawn. Also, certain contributions
are tax deductible in the tax year for which you
make them. You are able to establish a traditional IRA
if you are younger than 70 ½ for the entire tax year and
you or your spouse have compensation.

Joseph F. Truskowski, Jr.

Joe T. started at Adams Co-Operative Bank in 1972
shortly after graduating from the University of
Massachusetts in Amherst. He was appointed
president and CEO in 1989.

Joe has been involved and served on the Board of
Directors in several community organizations, and
has a deep love of the Berkshire region.

He is an avid photographer, golfer, kayaker and
attendee of UMass-Amherst events. He and his
wife Marilyn live in North Adams.

Kevin R. Bisaccio

Kevin was hired as Vice President Commercial
Lending by Adams Co-Operative Bank in 2009. He
has been working in the financial services industry
since 1978 with a short break to practice law with a
firm in Albany, NY.

Kevin received his JD Law degree from Suffolk
University, his MBA from RPI and his Bachelor of
Arts in Economics from St. Lawrence University.

Kevin lives in Bennington, VT with his wife, where he
is an active participant in the community. Also, he is
the co-host of WBTN Radio's "Voice on Sports."

Please Note

Michael L. Prudhomme

Mike joined Adams Co-Operative Bank in 2003 as
Assistant Vice President. He has 31 years of
experience in banking and financial services.

Mike attended local schools and graduated
from Hoosac Valley High School. He received his
Bachelor of Arts in Human Services from
Champlain College in 1978.

He has volunteered for many community
organizations, including the United Way, the
American Red Cross and the American Cancer
Society. He has also coached youth athletics.

Mobile Home Loan

Adams Co-Operative Bank can finance
mobile homes, on either leased land or
owned land. Financing is available for
either primary or secondary/vacation
mobile homes.

Money Market Accounts

Want to earn a Money Market rate of
return? Our Money Market Account,
available as passbooks or statements,
offers a great way to keep your
savings hard at work. The statement
Money Market Account offers limited
check-writing privileges.

Mortgage Loan Originators

Adjustable Rate Mortgage (ARM)

An adjustable-rate mortgage (ARM) is a
mortgage loan where the interest rate on the
note is periodically adjusted. Consequently,
payments made by the borrower may change
over time with the changing interest rate.

If you need more flexibility, an ARM could be
right for you. Our ARMs feature attractive,
variable rates with a variety of terms that
include rate adjustments during the term.

Mortgage Calculator Tooltip

Current Mortgage Rates

First-Time Homebuyers Program

We can help make purchasing your first home a
bit easier, less stressful and more affordable.
Our special First-Time Homebuyers Program
features FREE mortgage pre-qualification; 95%
financing programs and guidelines that can make
it easier to qualify for financing.

Plus, our friendly Mortgage Advisors will
walk you through the application process,
every step of the way!

Fixed Rate Mortgage

A fixed rate mortgage (FRM) is a mortgage
loan first developed by the Federal Housing
Administration (FHA) where the interest rate on
the note remains the same through the term of
the loan, as opposed to loans where the interest
rate may adjust or "float."

Enjoy the security of a fixed rate and fixed
term, with fixed monthly payments. Adams
Co-Operative Bank has a range of terms to
meet your needs.

Home Equity Loan

Putting your home’s equity to work for you is easy
at Adams Co-Operative Bank. If you’re a home-
owner, the equity in your home can be a great way
to finance major expenditures—from a kitchen
remodel to college tuition costs. You pay a
competitive rate of interest…and the interest you
pay may be tax deductible (consult your tax
advisor for details on tax deductibility). With a
Home Equity Line of Credit from Adams
Co-Operative, you have a cash reserve you can
draw upon anytime you need it to pay for
important expenses—simply by writing a check!

Home Improvement Loan

Fix up the home you have and
add value to it with a Home
Improvement Loan from
Adams Co-Operative Bank.

For more info contact us at
(413) 743-0001 or stop by any one of
our three branch office locations.

Investment Properties

Adams Co-Operative Bank can
help you take advantage of the
investment potential of real estate
with Investment Property financing.

For more information, contact us at
(413) 743-0001.

One-Step Construction Loans

Building your dream home? Our
One-Step Construction Loan lets
you finance the construction and
your permanent mortgage in
a single step. There’s just one
application process, one appraisal
and one closing…saving
you time and money.

Unimproved Land Loan

Finance farmland, wood lots and other unimproved properties with
a Land Loan from Adams
Co-Operative Bank.

For more info contact us at
(413) 743-0001 or visit one of our
three branch offices.

Motorcycle, RV, Snowmobile
& Boat Loans

We can help you finance those fun
vehicles, too! Let us show you how
easy and affordable it can be.

Apply at any office or call
(413) 743-0001 for more details.

New & Used Vehicles

Whether you’re buying a new or
used car, we can make it easy and
affordable. We can even pre-
approve your loan before you
go car shopping!

Contact one of our loan officers at
(413) 743-0001.

...

New Horizon Student Checking
A checking account of your very own! The New Horizon
Checking Account was designed with you in mind. It’s an easy
way to manage your funds while still having immediate access to
your money.

No minimum balance. No monthly service charge.
Checkless Checking. No ATM or POS transaction fees.
No fee Online Banking and Bill Pay. Easy-to-balance statement.
Free Money Orders. Free Travelers Checks.
Direct Deposit into ACB account.
Access your funds using ACB's:
(1) 24-hour Online Banking
(2) MasterMoney Debit Card* (ages 16-17)
(3) ATM Card** (ages 14-17)
(4) 24-hour Bank Phone
* MasterMoney Debit Card Daily Limit: $500
** ATM Card Daily Limit: $200

NOW Checking Account

Earn interest on your checking
account balances and have unlimited
check writing, free ATM access at
Adams Co-Operative Bank ATMs,
free Debit Card with NO annual fee,
free Online Banking, free Online Bill
Pay and your first order of standard
checks free.

Optimum Personal Account

Our Optimum Personal Account is
the answer to a high yield savings
account with the convenience of account to account transfers
through online banking. This three tiered-rate account allows you to automatically earn more money based on your account balance.

American Express Travelers Checks

American Express Travelers Checks
can be purchased at all three branch
locations. They are accepted like cash
around the world—and easily
replaced if they’re lost or stolen.
And American Express Travelers
checks never expire. Don’t leave
home without them!

Adams Co-Op Bank Checks

Bank checks are ideal for transactions
where personal checks may not be
accepted. Inquire at our Adams,
North Adams or Lanesboro branch
offices to get a bank check from
Adams Co-Operative Bank.

Bank Money Orders

A bank money order is a safe
and secure way to send money.
You must be a customer of
Adams Co-Operative Bank to
order a bank money order
from us. Inquire at our Adams,
North Adams or Lanesboro
offices for more details.

Notary Public Services

For customers of Adams
Co-Operative Bank, we offer
free Notary Public Services at
our three branch locations.

At our North Adams and Lanesboro
offices, we only have one Notary staff
so you want to call ahead to confirm their availability.

Safe Deposit Boxes

Adams Co-Operative Bank offers
safe deposit boxes at our Adams
and North Adams branch offices.

Keep your important documents
and valuables safe and sound for a
low annual cost. Please visit the offices or
call (413) 743-0001 for sizes and pricing.

Wire Transfers

Adams Co-Operative Bank can
help you send or receive wire
transfers of funds to or from your account. Inquire at any one of our branch offices in Adams, North Adams or Lanesboro for assistance.

Pamela S. Duval

Pam has been with Adams Co-Operative Bank since
1989 and was promoted to Vice President in May 2010.
Prior to this promotion, she was Assistant Vice
President and a Commercial Loan Officer.

Pam is certified from the Mass Bankers Association,
America’s Community Bankers and the Center for
Financial Training.

Pam is a member of the Adams Event Committee,
the Northern Berkshire United Way and an organizer
for the American Cancer Society’s Relay for Life.
She lives in Adams with her husband.

Passbook Savings

A Passbook Savings Account is our traditional
way to save. We make managing your money
easy and convenient with record keeping features
that keep you updated on your transactions and
balances. You can also have a direct deposit
into a Passbook Savings account.

For more info, visit one of our three branch
offices in Adams, North Adams or Lanesboro.
Or call our customer service department
at 413-743-0001.

Performance Investment Account

Our Performance Investment Account is the
perfect answer to boost your earnings while you
have instant availability to your funds. You'll enjoy
unlimited checkwriting, unlimited transfers,
unlimited ATM & debit card transactions and
online banking. Plus, this tiered-rate
account allows you to automatically earn more
money based on your account balance.

Personal Loans

Sometimes, you just need some
financing for an important expenditure.
We have both unsecured and secured
Personal Loans to satisfy the need—
including a Passbook Secured Loans that
uses your Adams Co-Operative Bank
deposits to secure your loan.

Please Note

Rewards Checking this is a test for rewards checking to see how it checks out

Month	Statement	Qualification Cycle (Must Meet all
	Cut Date	Requirements during this timeframe)
		Begin Date	End Date
January	1/14/2011	12/15/2010	1/13/2011
February	2/15/2011	1/14/2011	2/14/2011
March	3/15/2011	2/15/2011	3/14/2011
April	4/15/2011	3/15/2011	4/14/2011
May	5/13/2011	4/15/2011	5/12/2011
June	6/15/2011	5/13/2011	6/14/2011
July	7/15/2011	6/15/2011	7/14/2011
August	8/15/2011	7/15/2011	8/14/2011
September	9/15/2011	8/15/2011	9/14/2011
October	10/14/2011	9/15/2011	10/13/2011
November	11/15/2011	10/14/2011	11/14/2011
December	12/15/2011	11/15/2011	12/14/2011

Rick R. Gurney

Rick has been with Adams Co-Operative Bank since
1986 and was appointed Executive Vice President in
1995.

Rick received his Bachelor of Science from Cornell
University, his Master of Science from the University
of Connecticut and received his banking certification
degree from the New England School of Banking at
Williams College.

Rick has been active in several community organizations including most recently the Cheshire
Lions Club and the Cheshire Rod & Gun Club.

Savings Makes Cents!
Savings Makes Cents is a school-banking program
developed to teach the ABC’s of money management
skills to elementary school children. The goals of the
program are to encourage savings ethic along with
making savings accounts available and easily accessible
to children.

This account needs to be opened with a parent or guardian. Federal law requires all financial institutions to obtain,
verify, and record info that identifies each person who opens
an account. When you open an account, we will ask for
name, address, date of birth, drivers license, and other info
that will allow us to identify you. We will also require the
social security card of the student.

Christmas Club Accounts

Make saving for holiday gift-giving
easy and convenient. Weekly,
biweekly or monthly withdrawals
from your Adams Co-Operative
Bank Checking or Savings account
make saving automatic.

Please Note

Passbook & Statement Savings

The convenient way to set money
aside for any purpose. Choose traditional Passbook Savings or Convenient Statement Savings, which can be linked to any Adams
Co-Operative Bank Checking Account for convenient funds transfer.

Please Note

Statement Savings

Our Statement Savings Account can be
conveniently linked to any Adams Co-Operative
Bank Checking Account for a quick and easy
funds transfer. Statement Savings Accounts
can be accessed through our online banking to
view your statement and conduct transfers.
Statement Savings Accounts also feature an
ATM Card. All of these features allow you to
access your account 'round the clock!

Please Note

Online Banking security

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Member FDIC |

Serving Our Customers Since 1895.

Adams Co-Operative Bank. 93 Park Street. Adams, MA 01220. (413)743-0001