Mountain One Names CEOs for Hoosac, Williamstown Banks

01:02PM / Wednesday, April 29, 2009

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NORTH ADAMS, Mass. – Donald E. Keagan has been promoted to president and chief executive officer of Hoosac Bank and John C. Law has been named president and chief executive officer of Williamstown Savings Bank, according to an announcement by Stephen G. Crowe, president and chief executive officer of MountainOne Financial Partners.

MountainOne includes Hoosac Bank, Williamstown Savings Bank, South Coastal Bank, Coakley, Pierpan, Dolan & Collins and True North.

According to Crowe, "Both Don and John have been an integral part of the MountainOne affiliation since its inception in 2002. In their new roles, they will be able to focus on the strategic objectives of each individual bank and market, while maintaining their current functional responsibilities on a companywide basis."

Keagan will also continue as executive vice president, chief operating officer and chief financial officer of MountainOne, where he oversees financial, operational, and administrative functions. He has been executive vice president and CFO of MountainOne since 2002, and was CFO of Williamstown Savings Bank prior to that.

Keagan has worked in banking for almost 30 years, including at the Bank of Hartford (Conn.), and Fiserv.

He holds a bachelor of arts from the University of Hawaii and an master's of business administration from the University of Hartford. He was an honors graduate of America's Community Bankers National School of Banking at Fairfield (Conn.) University. 

In the community, Keagan serves on the North Adams Planning Board and is chairman of the Northern Berkshire Healthcare annual golf tournament. He also serves on the Northern Berkshire Healthcare Finance Committee. A resident of North Adams, he and his wife, Pamela, have two children.

Law will continue as executive vice president of MountainOne with overall responsibility for retail banking and marketing functions. He joined Hoosac Bank as vice president and director of marketing in 1999 and was promoted to executive vice president in 2001. He has more than 25 years of experience in the financial services industry, including marketing and financial management positions with Charter One, KeyCorp, and Fleet Financial Group.  

Before specializing in financial services, Law worked on the staff of then U.S. Sen. Joseph R. Biden Jr. in Washington.  

Law serves on the boards of directors of the Northern Berkshire Community Coalition, Berkshire Chamber of Commerce and Northern Berkshire YMCA. He served two-year terms as president of both the Northern Berkshire Community Coalition and Northern Berkshire United Way. In addition, he is a corporator of Northern Berkshire Healthcare and Massachusetts College of Liberal Arts, where he has been active on several committees.

Law holds a bachelor's degree from Williams College and an MBA from the Darden School of Business at the University of Virginia. He and his wife, Donna, have three children, two of whom are students at Williams College.

Crowe said that, with Keagan and Law focused on Hoosac Bank and Williamstown Savings Bank, respectively, he will be better able to focus his energies as president and CEO of MountainOne on the future growth and strategic plan of the overall company, including possible additional affiliations. 

MountainOne Financial Partners, headquartered in North Adams, has combined assets of $860 million and approximately 200 employees.

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