MountainOne Holds 176th Annual Meeting

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NORTH ADAMS, Mass. — MountainOne held its 176th Annual Meeting on April 7, 2025, bringing together Corporators, Trustees, Officers, Employees, and Community Partners to reflect on another year, and set the stage for 2025.
 
The meeting began with a welcome from Board of Trustees Chair Daniel Bosley, followed by financial highlights shared by Steve Owens, Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Chief Information Officer. 
 
Owens reported that MountainOne ended 2024 ahead of budget, with financial results that surpassed many local and national peers. While elevated interest rates and an inverted yield curve presented challenges across the industry, MountainOne remained resilient, bolstered by strong non-interest income, continued loan growth, and disciplined expense management. Owens highlighted MountainOne's significant investment in its people, operations, and communities. Charitable giving more than doubled in 2024, with multi-year commitments to organizations like MCLA and Mass MoCA underscoring MountainOne's commitment to the region.
 
Jonathan Denmark, Executive Vice President of MountainOne Bank and President and Chief Operating Officer of MountainOne Insurance, highlighted another year of expansion and strategic investment for the insurance division. In 2024, MountainOne Insurance completed acquisitions of G.W. Morisi Insurance Agency and McClure Insurance Agency, expanding its presence to the Pioneer Valley. Denmark also spoke to a challenging but stabilizing insurance environment, noting volatility in the home and auto market while expressing optimism for what's to come.
 
Jill Amato, Senior Vice President, Marketing and Community Banking Officer, shared updates on the evolution of MountainOne's award-winning brand campaign, which earned eight industry awards in 2024 alone. Amato also announced the release of "Something to Save," the second in a series of children's storybooks featuring Mo the MountainOne Spokesgoat. The storybook series is aimed at promoting early financial literacy and life skills. Storybook events and classroom visits featuring "Something to Save" as well as the first book of the series, “How to Climb a Mountain,” are planned for spring 2025 across the Berkshires and South Shore.
 
Robert Fraser, President and CEO of MountainOne, provided the annual CEO address, which included an update on the proposed Mutual Holding Company merger between MountainOne Financial, MHC, and Mechanics Bancorp, MHC. The merger of equals will bring together two strong, like-minded community institutions. Fraser shared the combined holding company structure, key benefits and provisions, emphasizing the company's commitment to mutuality. The merger is slated for a Corporator vote in May, followed by a regulatory review later in the year.
 
Fraser concluded the meeting by recognizing Mountaineers celebrating promotions, milestone anniversaries, and those who have graduated from MountainOne's Emerging Leaders Program, underscoring the company's commitment to professional development and internal growth.

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State Fire Marshal: 'Fall Back' Into Safety

STOW, Mass. —State Fire Marshal Jon M. Davine and the Fire Chiefs Association of Massachusetts are reminding residents to replace the batteries in their smoke and carbon monoxide (CO) alarms and replace outdated alarms when they change their clocks this weekend. 

"Smoke and CO alarms can save your life and protect the people you care for, but only if they're working properly," said State Fire Marshal Davine. "As we 'fall back' this weekend, please take a few minutes to check the manufacturing date on the back of your alarms, replace them if they're outdated, and put fresh alkaline batteries in the alarms that use them." 

"Smoke alarms should be replaced after 10 years," said Brockton Fire Chief Brian Nardelli, who serves as president of the Fire Chiefs Association of Massachusetts. "Carbon monoxide alarms should be replaced according to the manufacturer's instructions – usually 5, 7, or 10 years, depending on the make and model." 

A 2015 update to the State Fire Code requires that replacement smoke alarms in most Massachusetts homes have sealed, 10-year batteries. Now, more than 10 years later, many alarms purchased to comply with the update are at or near the end of their useful lifespans. 

State Fire Marshal Davine and Chief Nardelli offered these tips for anyone replacing out-of-date single-station smoke alarms. Following these guidelines will reduce the risk of a disabled or outdated alarm failing to alert residents: 

  • Choose photoelectric alarms from a well-known, national brand 
  • Look for the mark of an independent testing lab like UL or Intertek/ETL 
  • Select alarms with a sealed, long-life battery and a "hush" feature" 
  • Alarms that meet UL Standard 217, 8th edition or later, use the latest multi-criteria technology to reduce nuisance alarms caused by cooking smoke 

If your alarms are less than 10 years old and take alkaline batteries, then put in fresh batteries to be sure you're protected all winter long. And remember to test your smoke and CO alarms once a month to be sure they're working properly. 

Fire and CO Hazards Rise During Heating Season

In an average year, about 54 percent of Massachusetts residential fire deaths take place between November and March, State Fire Marshal Davine said, with home heating equipment being the second-leading cause of house fires in 2025. Carbon monoxide incidents start even earlier as residents start turning up the heat for the first time since summer. 

"Carbon monoxide is a leading cause of accidental poisoning, and heating equipment is the main source of carbon monoxide at home," Chief Nardelli said. "We can't see, smell, or taste carbon monoxide. Working CO alarms on every level of your home are the only way to detect this invisible killer." 

Massachusetts firefighters encountered carbon monoxide hazards at about 5,000 calls last year, State Fire Marshal Davine said. 

Create & Practice a Home Escape Plan

"Changes to building construction and furnishings mean we have less time to escape a fire at home than ever before," said State Fire Marshal Davine. "You could have just three minutes to get out safely."  

"Working smoke alarms and a practiced home escape plan are among the most fundamental and important tools for surviving a fire," said Chief Nardelli. "Be sure everyone in the home knows what to do and where to go when the alarm sounds, including young children, older adults, and persons with disabilities." 

Fire officials recommend planning two ways out of the building, the apartment, and each room if possible. Be sure to select a family meeting spot a safe distance from the building. 

Senior SAFE

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