The Board of Directors of Hoosac Bank announced today the appointment of Stephen G. Crowe as President & CEO of Hoosac Bank, effective November 1, 2002. He replaces Thomas W. Kelly, who will become President & CEO of Bank of Newport, headquartered in Newport, Rhode Island. Crowe will continue to serve as President & CEO of Williamstown Savings Bank. The Board of Trustees of MountainOne Financial Partners, MHC also announced today that Crowe has been appointed CEO of MountainOne Financial Partners, MHC, which is the holding company for Hoosac Bank, Williamstown Savings Bank, Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc., and True North Financial Services, Inc.
"Access to high quality, local financial services is vitally important for our customers and our community, particularly in Williamstown and North Adams, where Hoosac Bank has made such great strides over the past several years," said Crowe. "The partnership of Hoosac Bank, Williamstown Savings Bank, Coakley, Pierpan, Dolan & Collins, and True North gives us a strong foundation of locally based, locally managed banking and financial services firms headquartered right here in Northern Berkshire County. I am honored with the confidence that both boards have placed in me, and I am excited about our potential for continued growth. Working together, we will keep doing great things for our hometowns."
Crowe, who joined Williamstown Savings Bank as President & CEO in 1994, has served as President and COO of the holding company, since regulators granted final approval for its formation on May 1, 2002. Under his leadership, Williamstown Savings Bank has grown from $68 million to $172 million in assets. Crowe implemented the highly successful Community Dividend Program, where the bank donates at least 10% of annual profits to local civic and charitable organizations. Hoosac Bank provides a similarly high level of support to local civic and charitable organizations, illustrating the commitment to community that both banks share.
Commenting on the appointment of Crowe, Stephen M. Long, Jr., senior member of the Hoosac Bank Board of Directors, noted, "Steve Crowe is the natural choice to lead Hoosac Bank and our partnership through changing economic times. His commitment to our community and his energetic vision for the future will serve us well in the coming years. Steve is widely recognized throughout Northern Berkshire County as a community leader with great ability and common sense."
John G. Merselis, Jr., Chairman of the Williamstown Savings Bank Board of Directors, said, "Steve Crowe's outstanding management of Williamstown Savings Bank over the past eight years, coupled with his dedication to improving the quality of life in Northern Berkshire County, make him an ideal choice to lead Hoosac Bank and MountainOne Financial Partners. As one of the architects of our community partnership, Steve understands the real challenges we face going forward, as well as the tremendous opportunities."
Through the partnership, customers of Hoosac Bank and Williamstown Savings Bank have the option of using any lobby or drive-thru location at either bank for deposit and loan transactions. Customers also enjoy convenient access to property and casualty insurance services provided by Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc. and investment, life insurance, and employee benefit services provided by True North Financial Services, Inc. at the North Adams Financial Center and the Williamstown Financial Center. Crowe recently made arrangements for the location of a True North representative at Williamstown Savings Bank to provide additional service for customers.
With this announcement, Hoosac Bank and Williamstown Savings Bank will continue to operate as individual banks with existing names and separate bank charters. The current staffs of both banks will remain the same. Donald E. Keagan, Executive Vice President of Williamstown Savings Bank, will assume expanded responsibilities for finance, operations, and administration. John C. Law, Executive Vice President of Hoosac Bank, will assume expanded responsibilities for retail banking, sales, and marketing. Robert W. Collins will continue as President & CEO of Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc., and Richard C. Lamb will continue as President & CEO of True North Financial Services, Inc.
Prior to joining Williamstown Savings Bank, Crowe served as President & CEO of Depositors Trust Company of Lexington, Massachusetts. A graduate of Northeastern University and a Certified Public Accountant, Crowe has held management positions at banks and accounting firms throughout New England. He is a trustee of Northern Berkshire Health Systems, Massachusetts College of Liberal Arts, and Pine Cobble School. Crowe is a director of the Berkshire Chamber of Commerce and the Depositors Insurance Fund, and he is a member of the Rotary Club of Williamstown, the Massachusetts Bankers Association Federal Liaison Committee, and the American Institute of Certified Public Accountants.
Founded in 1848, Hoosac Bank has $281 million in assets and offices in North Adams and Williamstown. Founded in 1892, Williamstown Savings Bank has $172 million in assets and an office in Williamstown. Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc., established in 1927, is the premier property and casualty insurance agency in Berkshire County with offices in North Adams, Adams, and Williamstown. True North Financial Services, Inc., established in 1997, provides comprehensive investment, financial planning, employee benefits, and life insurance services to individuals and businesses through offices in North Adams and Williamstown.
Hoosac Bank is a Member FDIC, Member DIF, and Equal Housing Lender. Williamstown Savings Bank is a Member FDIC, Member DIF, and Equal Housing Lender. True North Financial Services, Inc. is a Member NASD and Member SIPC. Insurance products are offered through True North Insurance Agency, Inc. and Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc. Non-deposit investment and insurance products: (1) are not a deposit or other obligation of, or guaranteed by, Hoosac Bank, Williamstown Savings Bank, True North Financial Services, Inc., True North Insurance Agency, Inc., or Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc.; (2) are not insured by the FDIC, the DIF, any other agency of the United States, Hoosac Bank, Williamstown Savings Bank, True North Financial Services, Inc., True North Insurance Agency, Inc., or Coakley, Pierpan, Dolan & Collins Insurance Agency, Inc.; (3) may fluctuate in value and are subject to investment risks, including possible loss of the principal invested; and, (4) may potentially be subject to fees, including commissions, surrender charges, or penalties, which may reduce the principal amount of the investment.
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McCann Recognizes Superintendent Award Recipient
By Tammy DanielsiBerkshires Staff
Landon LeClair and Superintendent James Brosnan with Landon's parents Eric and Susan LeClair, who is a teacher at McCann.
NORTH ADAMS, Mass. — The Superintendent's Award has been presented to Landon LeClair, a senior in McCann Technical School's advanced manufacturing course.
The presentation was made last Thursday by Superintendent Jame Brosnan after Principal Justin Kratz read from teachers' letters extolling LeClair's school work, leadership and dedication.
"He's become somewhat legendary at the Fall State Leadership Conference for trying to be a leader at his dinner table, getting an entire plate of cookies for him and all his friends," read Kratz to chuckles from the School Committee. "Landon was always a dedicated student and a quiet leader who cared about mastering the content."
LeClair was also recognized for his participation on the school's golf team and for mentoring younger teammates.
"Landon jumped in tutoring the student so thoroughly that the freshman was able to demonstrate proficiency on an assessment despite the missed class time for golf matches," read Kratz.
The principal noted that the school also received feedback from LeClair's co-op employer, who rated him with all fours.
"This week, we sent Landon to our other machine shop to help load and run parts in the CNC mill," his employer wrote to the school. LeClair was so competent the supervisor advised the central shop might not get him back.
The city has lifted a boil water order — with several exceptions — that was issued late Monday morning following several water line breaks over the weekend. click for more