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MountainOne Establishes Scholarship Fund for MCLA Students Affected by NARH Closing

Friday, April 11, 2014

(Submitted by MCLA)

NORTH ADAMS, MASS. — Massachusetts College of Liberal Arts (MCLA) has announced that MountainOne Financial has donated $25,000 to establish a scholarship aid fund at the College to assist promising students whose family’s financial resources have been negatively affected by the recent closure of North Adams Regional Hospital (NARH).

MCLA President Mary K. Grant wishes to thank Thomas Leavitt, MountainOne President and CEO, along with his team, for this gift to MCLA and the community.

“We are grateful to the folks at MountainOne for their generous donation to provide financial help for students affected by the hospital’s closure, so they can continue their studies at the College,” Grant said. “MountainOne’s gift is a terrific example of the spirit of community that exists in this region.”

The contribution will allow for as many as 10 students each to receive a $2,500 scholarship. To qualify, the students must attend MCLA full time, be in good academic standing (2.0 GPA or better), be working toward their bachelor’s degree, and be able to demonstrate unmet financial need due to the NARH closure.

In order to be considered for the MountainOne scholarship students must submit an application through the MCLA Financial Aid Office which is located in Eldridge Hall on the MCLA campus, or can be completed on-line at  For more information, students can contact a financial aid counselor at 413 662 5219.

MountainOne Financial is a mutual holding company headquartered in North Adams, Mass. MountainOne Bank is a subsidiary of MountainOne Financial, and includes the following divisions: Williamstown Savings Bank; South Coastal Bank; Coakley, Pierpan, Dolan & Collins Insurance; Stevenson & Co. 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 Adviser).

Founded in 1848, MountainOne Bank and its banking divisions have assets of over $775 million and provide a broad range of banking services to personal and enterprise customers. MountainOne Bank has full service offices serving the Berkshires and Boston South, with a mortgage office in Danvers serving Boston North.

For more information, please contact MCLA’s Office of Financial Aid, (413) 662-5219.