Insurance Agencies Join Forces at MountainOnePITTSFIELD, Mass. — A local insurance company is going to become part of MountainOne Financial Partners.
Stevenson & Co. has joined forces with Coakley, Pierpan, Dolan and Collins, according CPDC President and CEO Timothy Dolan. CPDC is already a MountainOne Financial Partner.
The two agencies will share common expenses and systems as a way to trim costs.
"This means we'll have more funds available to spend on service and product upgrades that benefit customers," said Dolan.
John Murphy, Stevenson's president and CEO, said the move will allow his firm to remain local and independent. "Joining forces with CPDC allows us to do this. And, we'll have an expanded team of service providers and offerings," he said.
Stevenson & Co. is currently located on North Street. CPDC also shares North Street office space with its fellow MountainOne Financial Partners Hoosac Bank and True North. Once the new MountainOne Financial Center under construction in the William Stanley Business Park opens, both CPDC and Stevenson will move into the new building and close their North Street offices. Stevenson customers will be notified in advance of the move.
Stevenson & Co. has been providing personal and business insurance in Pittsfield and Berkshire County since 1867. CPDC, founded in 1927, serves personal and business customers through offices in North Adams, Adams, Williamstown and Pittsfield.
MountainOne Financial Partners, a mutual holding company headquartered in North Adams, has combined assets of over $800 million and more than 200 employees.
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