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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Letter: Building a More Sustainable North Adams

Letter to the Editor

To the Editor:

Last week, the North Adams City Council voted unanimously to expand the scope of our existing Tree Commission and create a new Sustainability & Tree Commission. I think this is an important move towards building a more sustainable city, for our future and the future of our children.

This wasn't the work of any one person. A lot of people put time and thought into getting us here. I want to thank my fellow councilors, who worked together to make the commission stronger; Mayor Macksey and her administration, who supported this change from the beginning; Tree Commission Chair Stephen Betti, who gave the proposal his blessing and spoke up in support of it; the members of the Inclusion, Diversity, Equity, and Access Commission, whose review helped make the language more inclusive; and the members of Green NA, who provided encouragement, guidance, and advocacy throughout this process.

The new commission will continue the important work of caring for and planting North Adams' trees while taking on a much broader role in thinking about our city's environmental future. It will advise the City on issues including energy efficiency, renewable energy, climate resilience, natural resource conservation, recycling and waste reduction, water management, biodiversity, sustainable development, and more. And importantly, the commission will have a role in public education, community engagement, pursuing grants and partnerships, and working with other boards, departments, and regional organizations.

The next step is to build the commission.

Assuming all three members of our current Tree Commission stay on, and I certainly hope they do, we will need four new members appointed by the mayor. The ordinance encourages the appointment of at least one young person under the age of 25, because we all believe young people should have a seat at the table when we talk about the future of their community.

If you are interested in helping build a more sustainable North Adams, I encourage you to consider applying by filling out the city's Boards & Commissions application and selecting "Tree Commission" here: 

Whether you join this commission or simply find another way to get involved, I hope you will participate. North Adams needs people who care enough to roll up their sleeves and help build the future, one tree planting at a time.

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