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Insurance Companies Join Forces

Wednesday, February 29, 2012

Stevenson & Co. has joined forces with Coakley, Pierpan, Dolan and Collins (CPDC), according to an announcement by Tim Dolan, CPDC President and CEO. CPDC is a MountainOne Financial Partner. 

According to Dolan, “As industry regulations and related expenses increase, local companies like ours need to find ways to trim costs while continuing to grow. Together, our agencies can share many common expenses and systems. This means we’ll have more funds available to spend on service and product upgrades that benefit customers.”

John Murphy, Stevenson President and CEO, concurred with Dolan. “We want to stay true to our roots as a local and independent agency. Joining forces with CPDC allows us to do this. And, we’ll have an expanded team of service providers and offerings.” 

Stevenson & Co. is currently located on North Street in Pittsfield. CPDC shares North Street office space with its fellow MountainOne Financial Partners, Hoosac Bank and True North. Once the new MountainOne Financial Center currently under construction in the William Stanley Business Park opens, both CPDC and Stevenson will move into the new building. At that time, the Stevenson office currently located on North Street in Pittsfield will close, and all customers can visit the new 111 Silver Lake Boulevard location. Stevenson customers will be notified in advance of this move.

Dolan further noted that, “This joint venture with Stevenson allows CPDC to continue to expand our Pittsfield presence. We are very well-known in the northern Berkshire market, and will continue to become a more visible player in the central Berkshire market.

Stevenson & Co. has been providing personal and business insurance in Pittsfield and Berkshire County since 1867. 

CPDC, founded in 1927, has long been a prominent property and casualty insurance agency in Western Massachusetts. They serve personal and business customers through offices in North Adams, Adams, Williamstown, and Pittsfield.

MountainOne Financial Partners, a mutual holding company headquartered in North Adams, has combined assets of over $800 million and over 200 employees.  In addition to CPDC and Stevenson & Co., MountainOne includes Hoosac Bank; Williamstown Savings Bank; South Coastal Bank; and True North. The banks provide a broad range of banking services for personal and business customers.  Hoosac Bank, established in 1848, has offices in North Adams and Williamstown, as well as a Loan Office in Pittsfield; Williamstown Savings Bank, founded in 1892, has an office in Williamstown and a Mortgage Office in Bennington, VT; and, South Coastal Bank, founded in 1868, has offices in Rockland, Scituate, and Quincy. True North Insurance Agency, established in 1997, provides group health, life, and disability insurance through offices in North Adams, Williamstown, and Pittsfield. True North Financial Services, a division of Hoosac Bank with offices in North Adams, Williamstown, and Pittsfield, offers securities and advisory services through Commonwealth Financial Network, Member FINRA/SIPC, and a registered investment advisor.

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