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MountainOne Bank Announces Executive Promotions

Thursday, June 4, 2015

North Adams, MA – Robert Fraser, President and Chief Executive Officer of MountainOne Bank, has announced several promotions within the Bank’s management team, including: Lynne Carlotto, Executive Vice President, Senior Risk Management & CRA Officer; Paul Brindle, Senior Vice President, Western MA Commercial Lending Team Leader; Matt Kreiser, Vice President, Commercial Lending Officer; and Marie Harris, Assistant Vice President, Senior Credit Analyst. Fraser also announced the addition of Jacqulyn Shambaugh, Commercial Services Officer, to the new MountainOne Bank Danvers office team.

According to Fraser, “Lynne, Paul, Matt, and Marie have made significant contributions to MountainOne over the past several years. These promotions recognize their ongoing efforts focused on the success and growth of our company. And Jackie will make a dynamic addition to our growing Danvers banking team.”


As Executive Vice President, Senior Risk Management & CRA Officer, Carlotto is responsible for developing, implementing, monitoring and administering all aspects of Compliance, Bank Secrecy, Anti-Money Laundering, and CRA (Community Reinvestment Act). She also oversees Credit Administration and Quality Control, and serves on MountainOne’s CEO Council.

Stated Fraser, “Lynne has successfully guided us through several regulatory examinations, and has played a critical role in creating a strong compliance culture within the organization. She has developed an excellent working relationship with the regulatory community and external audit teams.” Carlotto joined MountainOne in 2012 and has over 25 years of experience in the banking industry. Prior to joining MountainOne, she held compliance, security, and internal audit positions at Berkshire County and eastern New York banks.

Carlotto holds a Bachelor’s Degree in Business Administration from Massachusetts College of Liberal Arts (MCLA) in North Adams. She is currently a board member of the Community Health Program, serving on the Finance Committee, and is a volunteer case reviewer for the Massachusetts Department of Children & Families. Carlotto lives in West Stockbridge with her husband, Jeffrey; they have one daughter, Jordan.


As Senior Vice President, Western MA Commercial Lending Team Leader, Brindle oversees the western MA Commercial Lending Team and is responsible for commercial loan business development in Berkshire County.

Brindle joined MountainOne in 2010. Noted Fraser, “Immediately upon joining MountainOne, Paul became a significant contributor of new commercial lending business, primarily in the Pittsfield market as we established our new facility at the William Stanley Business Park. He has helped to oversee the development of several new, meaningful and high profile relationships for MountainOne.” With over 20 years of commercial experience, he has held senior lending positions at Berkshire County and eastern New York banks.

Brindle earned a Bachelor of Science degree in Management and Finance from the University of Massachusetts at Boston. In the community, he has served in a variety of capacities for several Berkshire County youth organizations. He lives in Pittsfield with his wife, Laurie, and their two children.


As Vice President, Commercial Lending Officer, Kreiser has responsibility for growth of MountainOne’s South Shore Commercial Lending portfolio. Stated Fraser, “Matt has successfully brought significant new Commercial business into the Bank. His ongoing progress as a Lender and his strong business development and relationship management skills will continue to benefit the Commercial Lending team.”

Kreiser joined MountainOne in 2008, serving as a Commercial Lender and also providing credit analyst support. Prior to MountainOne, he served in Commercial Lending and Credit Analyst roles in the South Shore market.

Kreiser holds a Bachelor of Science degree from Stonehill College in Easton, majoring in Finance. He will soon be attending the American Bankers Association Stonier Graduate School of Banking at the University of Pennsylvania. In the community, Kreiser sits on the Board of Directors for South Shore Young Professionals, and also serves as Treasurer. He lives in Duxbury with his wife, Jessica, and their two children.


As Assistant Vice President, Senior Credit Analyst, Harris’ role in the Credit Administration department has expanded to include assisting in department training programs, with a focus on compliance with Commercial Lending underwriting and reporting guidelines. She also serves as back-up support to the Vice President of Credit Administration. Stated Fraser, “During her time at MountainOne, Marie has worked closely with the Credit Administration and Commercial Lending teams to improve our credit analysis and reporting process. Her success in this area has helped support the growth of our Commercial Lending portfolio.”

Harris joined MountainOne in 2013 as a Commercial Credit Officer. Prior to that, she served in Credit Administration and Credit Analyst positions at Bank of Canton. She earned an Associate’s Degree in Business Administration from Middlesex Community College, including induction into Phi Theta Kappa, the National Honor Society for community colleges. In the community, she serves as Treasurer for the Randolph Youth Softball/Baseball Association.  Harris lives in Randolph with her husband, Matthew, and their three children.


As Commercial Services Officer, Shambaugh is responsible for growing the Commercial deposit base at the bank’s new Danvers office. Opened in December 2014, the branch is located at 140 Commonwealth Ave, next to Dick’s Sporting Goods, and includes a 24-hour hi-tech ATM and Night Drop services.

Shambaugh’s duties include providing a full set of competitive deposit products, as well as leading-edge Cash Management services, to local businesses. She will also actively participate in Chamber of Commerce activities and other networking groups to build key commercial relationships in the marketplace.

Prior to joining MountainOne, Shambaugh served in Business Development and Deposit Services roles at banks in Beverly and Tewksbury. She has over 10 years of banking experience. She earned a degree in Small Business Management from North Shore Community College and also attended Fisher College, focusing on accounting and small business management courses.

Shambaugh is a member of the North Shore Chamber and The Greater Beverly Chamber. She lives in Danvers with her husband, Sam, and their two children.


Founded in 1848, MountainOne Bank has assets of over $800 million and provides a broad range of banking services supporting the needs of personal and business customers. MountainOne Bank has three full service offices serving the Berkshires, three serving Boston South, and one serving Boston North. MountainOne Bank is a subsidiary of MountainOne Financial, a mutual holding company headquartered in North Adams, MA. The following companies operate as divisions of MountainOne Bank: Coakley, Pierpan, Dolan & Collins Insurance; True North Insurance; and True North Financial (financial professionals offering securities and advisory services through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor).

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