A mutual holding company committed to community, stability, and stewardship.
Guided by mutuality, MountainOne Financial, MHC provides long-term stewardship, strategic direction, and shared resources, delivering the governance, stability, and flexibility needed to support its institutions across geographies spanning Massachusetts. Through responsible oversight, a focus on its local communities, and a shared commitment to mutuality, MountainOne Financial, MHC ensures stability today and a forward-looking vision 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 MountainOne Bank, and MountainOne Investments, a division of MountainOne Bank, allowing the organization to offer a full range of financial services.
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.
MountainOne, headquartered in North Adams, MA, offers 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, 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.
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.
With total assets now in excess 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. Customers’ deposits are fully insured through coverage provided by the Depositors Insurance Fund.
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.
MountainOne Financial, MHC & MountainOne Financial, Inc. Board Members
Robert J. 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
*Honorary Corporator
Robert J. Fraser
Chairman of the Board
Joseph T. Baptista Jr.
President & Chief Executive Officer
Ed Alfieri
Senior Vice President, Operations
Kelly Azevedo
Senior Vice President, Retail Banking Officer
Brett J. Brbovic
Senior Vice President, Treasurer and Chief Financial Officer
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.
We offer competitive benefits including medical, dental, vision, retirement, and more.
There are currently no open positions with MountainOne Financial, MHC. Please check back for future opportunities.
For information about MountainOne Financial, MHC or our affiliate Banks, reach out to us at mhc@mountainone.com.
Mailing Address: 93 Main Street, North Adams, MA 01247