MountainOne Bank Promotes Assistant Vice President

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Kelli Kozak

NORTH ADAMS, Mass. — MountainOne Bank promoted Kelli Kozak to the new position of Assistant Vice President - Community Development Officer.

Kozak will be MountainOne's primary contact for community development lending, investments and services as defined by the Community Reinvestment Act. She joins MountainOne Senior Vice President, Senior Risk Management & CRA Officer Lynne Carlotto as co-chair of the bank's CRA Committee. In addition to leading the CRA Committee, Kozak will continue to administer the community allocations and contributions process.

"I look forward to seeing Kelli expand her responsibilities at MountainOne," MountainOne President and CEO Thomas Leavitt said. "Kelli has been a vital resource to our management team and board for years. She knows our served markets and has earned this important assignment at the forefront of our commitment to all MountainOne communities. I am confident that we will see some terrific new direction emerging under her care."


Kozak brings more than seven years of MountainOne contributions to this appointment. For over six years, she has served in her current functions as Executive Administrator and Corporate Clerk. Prior to that, she was a member of the marketing team. She had additional career experience with Storey Publishing and Legacy Banks.

She has been a participant in the Northern Berkshire Relay for Life and served on the boards of both the Berkshire Food Project and the Williamstown Community Preschool. She has been named to the 2014 Northern Berkshire United Way Campaign Allocations Committee.

Kozak earned a bachelor's in History and American Studies from Skidmore College. A Berkshire County native, she and her family reside in Pittsfield.

 

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Clarksburg Gets 3 Years of Free Cash Certified

By Tammy DanielsiBerkshires Staff
CLARKSBURG, Mass. — Town officials have heaved a sigh of relief with the state's certification of free cash for the first time in more than three years.
 
The town's parade of employees through its financial offices the past few years put it behind on closing out its fiscal years between 2021 and 2023. A new treasurer and two part-time accountants have been working the past year in closing the books and filing with the state.
 
The result is the town will have $571,000 in free cash on hand as it begins budget deliberations. However, town meeting last year voted that any free cash be used to replenish the stabilization account
 
Some $231,000 in stabilization was used last year to reduce the tax rate — draining the account. The town's had minimal reserves for the past nine months.
 
Chairman Robert Norcross said he didn't want residents to think the town was suddenly flush with cash. 
 
"We have to keep in mind that we have no money in the stabilization fund and we now have a free cash, so we have now got to replenish that account," he said. "So it's not like we have this money to spend ... most of it will go into the stabilization fund." 
 
The account's been hit several times over the past few fiscal years in place of free cash, which has normally been used for capital spending, to offset the budget and to refill stabilization. Free cash was last used in fiscal 2020.
 
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