Press Release

MountainOne Announces Results of Annual Meeting

Wednesday, May 25, 2022

NORTH ADAMS, MA – On behalf of the Trustees of MountainOne Financial, MHC, Chair Daniel Bosley is pleased to announce the results of the Annual Meeting of the Corporation, held on Monday April 25th at the Norad Mill in North Adams. The Corporators elected Trustees, Officers, and a slate of Corporators representing the communities served by MountainOne.

New Corporators to join the company are: Daniel Biggins of Magoun Biggins Funeral Home, Kristy Edmunds and Amelia Wachur of MASS MoCA, Kent & Shiobbean Lemme of Berkshire Running Center, Avril Levesque of Lever, Inc., Dr. Joshua Mendel of MCLA, Francesca Olsen - a local marketing consultant, Frederick Puddester - recently retired from Williams College, and Anna Singleton of the Williamstown Community Chest. Diana Brooks of Williamstown and James Canavan of Scituate were elected honorary lifetime Corporators in recognition of their service to MountainOne. Current Officers were re-elected, and Kevin Maguire of Marshfield was approved as the new Vice Chair of the Board of Trustees succeeding Pamela Art of Williamstown who retired from the board.

President & CEO Robert Fraser provided an overview of the financial success of the prior year, an overview of the company’s recently approved strategic plan, and MountainOne’s commitment to its local communities. Fraser stated, “Our staff, collectively known as ‘Mountaineers,’ have come through a challenging time with great success, and continue to be critical to the future growth of our organization.” He also recognized several significant milestone service anniversaries and detailed his appreciation for the services of retiring Vice Chair, Pam Art.

Executive Vice President, COO, CFO & Treasurer Steven Owens announced earnings of just over $10 million for 2021. Owens also noted the strength of the company’s balance sheet including strong capital levels. Jonathan Denmark, President & COO of MountainOne Insurance presented on the recent acquisition of Cross Insurance’s Pittsfield office, and the overall success of the Insurance division in 2021.

The keynote speaker was Kristy Edmunds, newly appointed Executive Director of MASS MoCA. Edmunds noted her excitement at moving to the Berkshires as well as for the future of MASS MoCA and the local community.

About MountainOne

MountainOne is a mutual holding company headquartered in North Adams, MA. Founded in 1848, MountainOne Bank provides a complete array of personal and business banking and electronic services. MountainOne Bank is Member FDIC and Member DIF. MountainOne Insurance provides personal and business insurance, bonding services, and group benefits solutions. The financial advisors of MountainOne Investments offer securities and advisory services to individuals and businesses through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency or MountainOne Investments. MountainOne Bank is not a registered broker-dealer or Registered Investment Adviser. MountainOne Bank and MountainOne Insurance are not affiliated with Commonwealth. Products and services are offered at full-service offices in the Berkshires (Pittsfield, North Adams, Williamstown) and on Boston’s South Shore (Quincy, Rockland, Scituate). MountainOne Investments’ main office is located at 85 Main Street, Suite 100, North Adams, MA 01247. (413) 664-4025

Insurance and Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment.