Press Release

Fraser Named President and Chief Operating Officer of MountainOne Bank

Friday, February 28, 2014

Robert J. Fraser has been named President and Chief Operating Officer of MountainOne Bank, according to an announcement by Thomas Leavitt, President and Chief Executive Officer of the bank holding company, MountainOne Financial. MountainOne Bank is a wholly owned subsidiary of MountainOne Financial.

Notes Leavitt, “Bob is a proven leader.  He has made significant progress over the past 14 months bringing our banking operations together into a unified MountainOne. This is a natural step in our evolution as a multi-line financial services provider concentrating on western and eastern markets in the Commonwealth of Massachusetts. Bob’s depth of experience in bank executive functions and his track record leading commercial lending teams position him well to execute MountainOne’s strategic plan.  We look forward to continued growth under his stewardship.”

Fraser commented, “I am thankful to Tom and the Directors of MountainOne for their support.  MountainOne’s commitment to the communities in which we are located provides us with significant opportunities for growth.  I look forward to continuing to work with my colleagues at MountainOne to deliver the results detailed in our strategic plan.”

Fraser previously served as Executive Vice President – Chief Operating Officer and Senior Lender for MountainOne. This was preceded by his tenure as President & CEO of South Coastal Bank (now a division of MountainOne Bank) in Eastern Massachusetts. Fraser had prior senior commercial lending roles with Citizens Bank and U.S. Trust in the Boston region.  He earned a Bachelor of Arts from the University of Massachusetts – Amherst and an MBA from Northeastern University. 

Fraser has been active in community service, including leadership of the South Shore Chamber of Commerce as Chairman. He and his wife, Mary, have four children and are residents of Marshfield, MA.   

MountainOne Financial is a mutual holding company headquartered in North Adams, MA. 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.