Press Release

MountainOne Bank Announces Officer Promotions

Thursday, March 10, 2016

4 employees photosNorth Adams, MA – Robert Fraser, President and Chief Executive Officer of MountainOne Bank, has announced promotions for employees Rick Bromberg, Michael Pang, Kim Anderson and Brandon Cannata.

RICK BROMBERG

Rick Bromberg has been promoted to Senior Vice President, Information Technology Director, and Information Security Officer. According to Fraser, “Rick has repositioned the IT Team and has provided outstanding leadership of the IT function. This promotion to Senior Vice President is in recognition of his dedication, strong work ethic, and accomplishments. This position also confirms Rick's engagement of MountainOne’s core commitment of Operational Distinction.” 

In his new role, Bromberg oversees all Technology and Information Security initiatives. He joined MountainOne in 2011, and has over 16 years of experience supporting technology in the Banking and Financial Services industry.

MICHAEL PANG

Michael Pang has been promoted to Senior Vice President, Credit Administration Officer. Pang, who joined MountainOne in 2013, was instrumental in creating and developing a Credit Administration Department. Stated Fraser, “Michael is a dedicated and valuable employee whose knowledge and expertise in credit administration and reporting has enabled MountainOne Bank to strengthen asset quality while also experiencing solid loan growth. His successful oversight of credit administration and his strong working relationship with the commercial lending department are the basis for this promotion.”

Pang is responsible for leading his team in support of commercial loan growth through credit administration oversight and assistance. He also oversees the credit reporting process to senior management and the board of directors, and is responsible for overall asset quality. Pang organizes the bank’s Credit Committee and participates on the Risk Management and Compliance Committees. He lives in Plymouth with his wife and their two children.

KIM ANDERSON

Kim Anderson has been promoted to Vice President, Loan Compliance Officer. According to Fraser, “Kim has worked diligently to develop MountainOne’s Loan Monitoring Program to ensure loan reporting meets regulatory requirements. This promotion is well-deserved as she continues to provide analysis and data management of loans.”

Anderson, who joined MountainOne Bank in 2005, has served in many capacities over the years in various loan and compliance positions. As Vice President, Loan Compliance Officer, Anderson provides compliance expertise to lending areas, monitors changes in lending compliance laws and regulations, and monitors and provides guidance to the CRA (Community Reinvestment Act) department.

Anderson is an active member of the Eastern Massachusetts Compliance Network and the Western Massachusetts Compliance Association. She also participates in MountainOne Bank’s Loan Compliance, CRA, and Risk Management Committees. Anderson lives in Adams with her husband.

BRANDON CANNATA

Brandon Cannata has been promoted to Commercial Lending Portfolio Manager. According to Fraser, “Brandon’s underwriting skills and strong work ethic have made him a very productive credit analyst, effectively supporting the commercial lenders in their loan origination efforts. His knowledge of financial statement analysis, business performance assessment, market condition research, and property evaluation and appraisal has been the basis for this promotion.”

Cannata, who joined MountainOne in 2014, is responsible for analyzing and reviewing existing business commercial loan relationships in order to maintain a strong loan portfolio. He keeps the Commercial Lending team apprised of relevant changes in the current commercial lending portfolio.

Cannata holds a Bachelor of Science degree in Business Administration, with a major in Finance and minor in Economics, from the University of Massachusetts in Dartmouth. He placed first in his Analyzing Financial Statements class offered by the Center for Financial Training to analysts and commercial loan officers across New England. Cannata lives in West Bridgewater with his wife, Marybeth.

ABOUT MOUNTAINONE BANK

Founded in 1848, MountainOne Bank has assets of over $840 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).