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MountainOne Announces Results of Special Meeting

Monday, December 21, 2020

MountainOne Financial, MHC, the mutual holding company for MountainOne Bank, MountainOne Insurance, and MountainOne Investments, is pleased to announce the results of a Special Meeting in lieu of its Annual Meeting held on September 28, 2020. The Special Meeting was made available to Corporators via both a small socially distant live meeting and a virtual platform.

MountainOne Board of Trustees Chair Daniel Bosley led the business meeting with votes to elect new and re-nominated Corporators, Officers, and Trustees, as well as proposed changes to both the by-laws and the corporate charter to allow for updates to technology and meeting participation.

Robert Fraser, MountainOne President & CEO, noted “These by-law changes enable us to modernize how and where our meetings take place. Ironically, if these updates had been in place prior to the Pandemic, we would have been able to host our Annual Meeting as planned in in April using virtual capabilities. With the approval of these changes, we can now look forward to combining in-person meetings with technology to produce meaningful and impactful hybrid events in the future.”

The Corporators also approved a slate of new and returning Corporators, Officers, and Trustees. Joining MountainOne as new Corporators were Brent Filson, Head of Innovation at Lever, Inc., an economic development incubator; Dr. Mary K. Grant, Senior Administrative Fellow for Civics and Social Justice at Bridgewater State University; Ben Sosne, Executive Director of the Berkshire Innovation Center; and Karen Zink, retired President of Berkshire Gas.

Fraser closed the meeting by providing an update on how MountainOne continues to support our customers, employees, and communities during these challenging times. He noted that MountainOne remains on solid financial footing during these challenging times. In addition to supporting staff health and safety, MountainOne has worked with our customers who are experiencing challenges, including providing access to mortgage forbearance arrangements and PPP loans. MountainOne has also continued its support of the community with significant donations to our local medical facilities, human services, and the arts, in both the Berkshires and the South Shore.

About MountainOne MountainOne is a mutual holding company headquartered in North Adams, MA. Founded in 1848, MountainOne Bank provides a complete array of personal and business banking and electronic services. MountainOne Insurance provides personal and business insurance, bonding services, and group benefits solutions. The financial advisors of MountainOne Investments offer securities and advisory services to individuals and businesses through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency or MountainOne Investments. MountainOne Bank is not a registered broker-dealer or Registered Investment Adviser. MountainOne Bank and MountainOne Insurance are not affiliated with Commonwealth. Products and services are offered at full service offices in the Berkshires (Pittsfield, North Adams, Williamstown) and on Boston’s South Shore (Quincy, Rockland, Scituate). MountainOne Investments’ main office is located at 85 Main Street, Suite 100, North Adams, MA 01247. (413) 664-4025

Insurance and Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment.

PHONE SYSTEM UPGRADE: All MountainOne's phones and voicemail will be unavailable beginning at 4:00 pm on Tuesday, April 16 while we upgrade our telephone system. We appreciate your patience, and as always, our Online and Mobile Banking services are available 24 hours a day. Thank you!