MountainOne Holds 176th Annual Meeting

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NORTH ADAMS, Mass. — MountainOne held its 176th Annual Meeting on April 7, 2025, bringing together Corporators, Trustees, Officers, Employees, and Community Partners to reflect on another year, and set the stage for 2025.
 
The meeting began with a welcome from Board of Trustees Chair Daniel Bosley, followed by financial highlights shared by Steve Owens, Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Chief Information Officer. 
 
Owens reported that MountainOne ended 2024 ahead of budget, with financial results that surpassed many local and national peers. While elevated interest rates and an inverted yield curve presented challenges across the industry, MountainOne remained resilient, bolstered by strong non-interest income, continued loan growth, and disciplined expense management. Owens highlighted MountainOne's significant investment in its people, operations, and communities. Charitable giving more than doubled in 2024, with multi-year commitments to organizations like MCLA and Mass MoCA underscoring MountainOne's commitment to the region.
 
Jonathan Denmark, Executive Vice President of MountainOne Bank and President and Chief Operating Officer of MountainOne Insurance, highlighted another year of expansion and strategic investment for the insurance division. In 2024, MountainOne Insurance completed acquisitions of G.W. Morisi Insurance Agency and McClure Insurance Agency, expanding its presence to the Pioneer Valley. Denmark also spoke to a challenging but stabilizing insurance environment, noting volatility in the home and auto market while expressing optimism for what's to come.
 
Jill Amato, Senior Vice President, Marketing and Community Banking Officer, shared updates on the evolution of MountainOne's award-winning brand campaign, which earned eight industry awards in 2024 alone. Amato also announced the release of "Something to Save," the second in a series of children's storybooks featuring Mo the MountainOne Spokesgoat. The storybook series is aimed at promoting early financial literacy and life skills. Storybook events and classroom visits featuring "Something to Save" as well as the first book of the series, “How to Climb a Mountain,” are planned for spring 2025 across the Berkshires and South Shore.
 
Robert Fraser, President and CEO of MountainOne, provided the annual CEO address, which included an update on the proposed Mutual Holding Company merger between MountainOne Financial, MHC, and Mechanics Bancorp, MHC. The merger of equals will bring together two strong, like-minded community institutions. Fraser shared the combined holding company structure, key benefits and provisions, emphasizing the company's commitment to mutuality. The merger is slated for a Corporator vote in May, followed by a regulatory review later in the year.
 
Fraser concluded the meeting by recognizing Mountaineers celebrating promotions, milestone anniversaries, and those who have graduated from MountainOne's Emerging Leaders Program, underscoring the company's commitment to professional development and internal growth.

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North Adams Airport Hires New Manager

By Jack GuerinoiBerkshires Staff

NORTH ADAMS, Mass. — The Airport Commission unanimously voted this week to hire Skyler Friedman as the new airport manager.

The vote came after a brief interview Tuesday. Although two candidates were scheduled to be interviewed, only Friedman was in attendance.

In total, there were four resumes that a subcommittee knocked down to two finalists.

"All were qualified," Commissioner William Hooper said. "One was less qualified, two were equally qualified, and one was a step above. The two you have this evening were the two determined to be the most qualified."

The commission planned on interviewing both candidates, but only interviewed Friedman. Although the second candidate indicated she would be present remotely for the interview, she never called in.

Friedman was the manager from June until September through the city's contract with Hewison Aviation, a New York-based flight school operating in North Adams. The company provided management services to the city but decided to end this arrangement in the fall.

The commission faced losing Friedman as manager and urged him to apply when they advertised the position.

Friedman spoke about communication, noting he suspected it would be easier as an employee of the city. He also spoke about larger projects at the airport he would like to follow through on, including the creation of a flying club. He said he wants more people at the airport and interested in aviation.

He was asked if he planned to leave the position in the near future for other opportunities.

"I would not be here now if that were my goal," he answered.

He added that the area does not have a Certified Flight Instructor (CFI), a position he hopes to fill. He said he hopes to "merge his interests" as the manager and a CFI, eventually relocating permanently to North Adams instead of commuting from Albany.

Otherwise, he said there will be no disruptions, as he has already done the job. Instead of learning a new position, he said he is ready to tackle projects he had to step away from when the contract ran out.

"The past five months have been that process, and I will pick up where I left off," he said. "I stumbled upon things in the interim, and there will be no transition."

In other business, the Airport Commission saw another response to the proposed restaurant RFP. Only one organization responded: East Fork Bread.

Although there was some back-and-forth between the RFP subcommittee and the bread makers, the subcommittee ultimately could not recommend their proposal as it did not fit their requirements.

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