Our History
From our earliest days to today, MountainOne Financial, MHC has been shaped by the communities we serve. Our mutual foundation guides thoughtful leadership, lasting relationships, and a long view toward the future.
MountainOne Financial, MHC
A mutual holding company committed to community, stability, and stewardship.
MountainOne Financial, MHC is a mutual holding company headquartered in North Adams, Massachusetts, overseeing approximately $1.8 billion in assets. Guided by a legacy in financial services, the organization provides long-term stewardship, strategic direction, and shared resources, delivering the governance, stability, and flexibility needed to support its institutions across generations. Through responsible oversight and a shared commitment to community, MountainOne Financial, MHC ensures stability today and adaptability for the future.
Through its subsidiary, MountainOne Financial, Inc., MountainOne Financial, MHC supports two independent community banks, MountainOne Bank and Mechanics Cooperative Bank, each operating under its own brand and leadership team. MountainOne Bank also includes MountainOne Insurance Agency, Inc., a subsidiary of the Bank, and MountainOne Investments, a division of the Bank, allowing the organization to offer a full range of financial services.
Commitment to Mutuality
On March 24, 2025, Mechanics Bancorp MHC and MountainOne Financial, MHC entered into a Merger Agreement pursuant to which Mechanics Bancorp MHC merged with and into MountainOne Financial, MHC effective as of January 1, 2026, with MountainOne Financial, MHC as the surviving corporation.
Pursuant to the Merger Agreement, the respective boards of trustees of Mechanics Bancorp, MHC and MountainOne Financial, MHC each adopted a formal policy of “Commitment to Mutuality.”
The respective boards of trustees of Mechanics Bancorp, MHC and MountainOne Financial, MHC affirmed their Commitment to Mutuality that it is in the best interest of Mechanics and MountainOne and their respective customers and employees, as well as the communities each institution serves, for the surviving entity, MountainOne Financial, MHC and its subsidiaries (“MountainOne Bank” and “Mechanics Cooperative Bank”) to remain entirely mutual for the foreseeable future.
Further, the respective board of boards of trustees explicitly affirmed MountainOne Financial, MHC should not take, or permit any of its subsidiaries to take, any action that could be reasonably be expected to result in MountainOne Financial, MHC and its subsidiaries no longer remaining entirely mutual, absent clear and convincing evidence in the future, including but not limited to regulatory directive that MountainOne Financial, MHC and its subsidiaries could not reasonably be expected to continue to serve its constituencies if MountainOne Financial, MHC and its subsidiaries remain entirely mutual.
Board of Trustees/Directors
MountainOne Financial, MHC & MountainOne Financial, Inc. Board Members
Robert Fraser, Chair
Joseph T. Baptista Jr.
Richard Bentley, Jr.
Barry R. Bibeau
Dan Bosley
Edmund J. Brennan, Jr.
Kevin Maguire
David Moresi
Joseph S. Mozzone
Thomas O’Connell
George Shaker, Jr.
Karen Zink
Board of Corporators
Richard Alcombright
Brian M. Andrade
Matthew Andrade
James J. Bailey, Jr.
Joseph T. Baptista Jr.
Adam Bauer
Jose C. Bejarano
Blair Benjamin
Richard Bentley, Jr.
Barry R. Bibeau
Daniel Biggins
James F. Birge
Timothy Blanchard
Kenneth A. Bollin
Daniel E. Bosley
Edmund Brennan, Jr.
James Bunnell
Joseph M. Callahan Jr.
Daniel H. Campbell
Noreen Carey-Neville
Lynne Carlotto
David Carver
Paula Clough
Derek Couto
David W. Crane
Michael Cronan
Thomas D’ Ambrosio
Mark Dangoia
Cynthia Danksewicz
Daniel G. DaRosa
Jonathan S. Denmark
James R. Dorsey, Jr.
Donald R. Dubendorf
Christopher Ernest
Marcia McFarland-Gray
J. Adam Filson
Brent Filson
Brad S. Fitzgerald
Robert J. Fraser
John N. Garanito
Michael J. Gardner, Jr.
Donald G. Giumetti
Dr. Mary K. Grant
Domenic Grieco
Deborah Grimes
Michael Haddad, Jr.
Kevin Hanley
Antony K. Haynes
Andrew C. Hewitt
Susan S. Hogan
Andrew Hopgood
Dr. Kelly Hoye
Robert A. Iafrate
Brendan Kane
Eric Kerns
Paul Lamb
Benjamin Lamb
Kent Lemme
Shiobbean Lemme
Kaitlyn Litchfield
Gilbert J. Lopes Jr.
Kevin A. Maguire
Kevin P. Manning*
Robert McGraw
Joshua Mendel
Adrienne Mollor
Amy Moresi
David R. Moresi
Joseph S. Mozzone
Kimberly Nelson
Thomas P. O’Connell
Francesca Olsen
John O’Neil
Steven J. Owens
Eileen G. Pelletier
Jeffrey Phelps
Scott W. Pray
Gina Puc
Fred Puddester
Michael Quirk
Regina Quirk
Nicholas J. Riccio
Peter J. Roache
Jason M. Rua
Peter A. Saulino
Robert J. Scerbo
George Shaker, Jr.
Graham Shalgian
Eva Sheridan
Anne Singleton
Anthony M. Smeglin
Ben Sosne
Thomas J. Souza
William F. Spence
Mark Stiles
Patrick J. Sullivan
Steve Trifiletti
Julie Trojano
Joseph Tutsch, Jr.
Amelia Wachur
Karen L. Zink
*Honorary Corporator
Our Companies
MountainOne, headquartered in North Adams, MA, is a financial services institution offering banking, insurance, and investment solutions that help individuals, businesses, and community institutions manage their financial lives with clarity and confidence. Founded in 1848, MountainOne Bank with total assets of more than $1 billion, provides a full range of personal and business banking and digital services. MountainOne Bank is Member FDIC, Member DIF, and an Equal Housing Lender. MountainOne Insurance Agency, Inc., a subsidiary of MountainOne Bank, offers insurance solutions including personal and business property and casualty insurance, surety bonding, employee benefits, and life and Medicare coverage. MountainOne Investments, a division of MountainOne Bank, and its financial advisors offer securities and advisory services through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are 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. MountainOne Investments’ main office is at 85 Main Street, Suite 100, North Adams, MA 01247. (413) 664-4025
Insurance and investment products are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, any depository institution, and are subject to investment risks, including possible loss of principal.
With total assets of $850 million, Mechanics Cooperative Bank offers a wide range of personal and business banking products designed to meet the needs of the communities it serves. As a Massachusetts co-operative bank, 100% of customers’ deposits are always fully insured. Established in 1877, Mechanics Cooperative Bank is Massachusetts’ second-oldest co-operative bank. Headquartered in Taunton, the Bank operates nine conveniently located branches including Bridgewater, Fall River, New Bedford, North Dighton, Somerset, Swansea, Taunton, and Westport.
Mechanics Cooperative Bank remains committed to delivering exceptional service, modern banking solutions, and meaningful community support. For more information, call 1-888-MECHANICS (632-4264) or visit mechanics.bank. Member FDIC. Member DIF. Equal Housing Lender.