MountainOne Expands Commercial Lending Team

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NORTH ADAMS, Mass. — The Commercial Lending Division at MountainOne continues to grow with the recent additions of Peter Duckett and Christopher Glynn as commercial portfolio manager and associate commercial portfolio manager, respectively.
 
Peter Ducket, Commercial Portfolio Manager
 
In his role as commercial portfolio manager, Duckett evaluates new and existing borrower relationships; manages, implements, and develops commercial and credit related initiatives, policies, and procedures; and assists with the preparation for internal and external audits, among other responsibilities.
 
Prior to joining MountainOne Bank, Duckett was a portfolio manager with Brookline Bank in Boston.
 
A resident of Dorchester, Duckett received a Bachelor of Arts in economics and business management from Assumption College where he was captain of the NCAA Division II Golf Team and a member of the Student Athlete Advisory Committee.
 
 Christopher Glynn, Associate Commercial Portfolio Manager
 
As an associate commercial portfolio manager, Glynn is responsible for interacting with and evaluating new and/or existing loan relationships, making credit recommendations, and managing specific credit activities to ensure that performance quality, consistency of underwriting, and timeliness meets or exceeds customer expectations.
 
Prior to joining MountainOne Bank, Glynn was an associate with BrightSpire Capital in Tampa, Fla.
 
Glynn received a bachelor's degree in communications from the University of Massachusetts – Amherst, and currently resides in Lenox, Massachusetts.
 
"We are excited to welcome both Peter and Chris to our growing commercial lending team," said Robert Fraser, president and chief executive officer at MountainOne. "Their addition supports our ongoing efforts to enhance our commercial lending capabilities and drive success for our clients."

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Moresi Companies Settle Discrimination Allegations

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NORTH ADAMS, Mass. — A local developer and property management company has agreed to pay $40,000 to settle fair housing complaints on its properties. 
 
Moresi Commercial Investments LLC and Moresi & Associates Property Management LLC, owned by David Moresi, were alleged to have discriminated against families with children in renting out apartments at 262-268 Ashland St. and 16 and 20 Blackinton St.
 
The allegations are that the apartments were being advertised as "student housing" and that inquiries from "testers" stating they had children were referred to other apartment listings. Fair housing laws prohibits discrimination, including refusing to rent to families with children or to students. 
 
Moresi has denied the allegations but agreed, according to the agreement, to "enter in this assurance in order to resolve this matter without further costly and time-consuming litigation." The company also agreed to adopt a non-discrimination policy, have employees attend trainings on fair housing rules and to inspect for and abate any lead hazards. 
 
The Ashland Street property was sold last October and the Blackinton buildings last August. 
 
All of the buildings are located in the neighborhood of Massachusetts College of Liberal Arts, which has historically catered to students. That's changed somewhat in recent years, particularly with the well-known Boardman building being converted into recovery housing. An editorial in the college's Beacon newspaper last year lamented the lack of affordable off-campus housing for students and noted Moresi's apartments were no longer available. 
 
The investigation in Moresi's rentals dates to 2018, when the Massachusetts Fair Housing Center conducted three tests. The first tester inquired about a three-bedroom apartment for themselves and roommates and the second for a couple with a 3-year-old child. The second was told the apartment would not be suitable because of college students on the property and was directed to units in Adams and Williamstown.  
 
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