MountainOne Financial, Mechanics Bancorp Receive Aprovals To Merge

10:44AM / Friday, December 12, 2025Print Story | Email Story

NORTH ADAMS, Mass. — MountainOne Financial, MHC, the mutual holding company parent of MountainOne Bank, and Mechanics Bancorp, MHC, the mutual holding company parent of Mechanics Cooperative Bank, announced that all regulatory approvals required to complete the merger of the two mutual holding companies have been received.

The merger transaction is scheduled to take place on Jan. 1, 2026, at which time the newly combined mutual holding company will operate under the name MountainOne Financial, MHC, and will have approximately $1.9 billion in assets.

MountainOne Bank and Mechanics Cooperative Bank will continue to operate as two separate, independently chartered community banks, and will each retain their existing names, headquarters locations, leadership teams, and boards of directors. Furthermore, customers will not experience any disruption, nor do they need to take any action.

Bringing together two organizations allows the newly combined mutual holding company to take their time in evaluating opportunities to collaborate where doing so strengthens service, enhances operational efficiency, or supports long-term sustainability.

Upon completion of the merger, Robert J. Fraser will serve as Chairman and Joseph T. Baptista Jr. as President and Chief Executive Officer of the combined Mutual Holding Company, MountainOne Financial, MHC. Fraser will continue in his role as President and Chief Executive Officer of MountainOne Bank and Baptista will also remain as President and Chief Executive Officer of Mechanics Cooperative Bank. There are no staff reductions associated with the merger.

"This merger is a strong step for both organizations," said Robert J. Fraser. "It reflects shared priorities and a clear focus on bringing long-term value to our customers and community. We are proud of the work that brought us here and confident in the direction ahead. Our customers, employees, and communities remain at the center of our decisions."

"We are excited to move forward together," said Joseph T. Baptista Jr. "This merger positions us to grow, invest, and serve with even greater impact. Our teams are energized by our shared vision, and we are looking forward to the opportunities it creates for our customers and communities. MountainOne Financial, MHC will carry on each legacy organizations’ commitment to mutuality, which places its customers and communities at the center of organizational decision-making. MountainOne Bank and Mechanics Cooperative Bank each have deep roots in their respective communities and have prioritized an ongoing commitment to remain local, accessible, and engaged."

FinPro Capital Advisors, Inc. served as the financial advisor to MountainOne Financial, MHC and Piper Sandler & Co. served as the financial advisor to Mechanics Bancorp, MHC. Luse Gorman, PC served as legal counsel to MountainOne Financial, MHC and Nutter McClennen & Fish LLP served as legal counsel to Mechanics Bancorp, MHC.

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North Adams Police Investigating Suspicious Fire at Concession Stand

Staff ReportsiBerkshires
06:20PM / Wednesday, October 21, 2026

Fire Chief Brent Lefebvre, left, and Commissioner of Public Services Timothy Lescarbeau check the damage to the concession building.

NORTH ADAMS, Mass. — Authorities are investigating a suspicious fire that occurred at the Windsor Lake concession stand on Wednesday afternoon.

The fire was called in just before 5 p.m. as "visible flames and smoke." There was dark smoke coming from a storage area on the backside of the building and firefighters were able to quickly knock it down.

Power was shut off to the building and fans set up to push the smoke out. Wire and Alarm and Commissioner of Public Services Timothy Lescarbeau also arrived on scene.

"Right now we're just trying to make sure all of the flames are out and that there's no reoccurrence, and then the Police Department will do their investigation," said Mayor Jennifer Macksey. "It is a suspicious thing that we're closed and we weren't cooking hamburgs."

There was damage to some of the items being stored in the building, including two kayaks that melted, plus the lines & buoys for the swimming area, chairs and some benches.

The concession stand was not open this year, so nothing was on in the kitchen; the other items were stored at the beginning of October.

There were people up at the park, walking and enjoying the view. One woman who was out with her dog said she'd walked by the stand and noticed two people on bench near it, but no smoke. When she came back about 20 minutes later, the fire engines were there.

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