The Commonwealth of Massachusetts Board of Bank Incorporation

MOUNTAINONE FINANCIAL, MHC (MOUNTAINONE MHC) and MOUNTAINONE FINANCIAL, INC. (MOUNTAINONE INC.), North Adams, Massachusetts have petitioned the Board of Bank Incorporation (Board), pursuant to Massachusetts General Laws chapter 167A, sections 2 and 4, for approval to each become a bank holding company through the direct and indirect acquisition of MECHANICS COOPERATIVE BANK, Taunton, Massachusetts (MECHANICS BANK). MOUNTAINONE MHC and MOUNTAINONE INC. are the mutual holding company and mid-tier stock holding company, respectively, of MOUNTAINONE BANK, North Adams, Massachusetts. The transaction will be effected through a merger of MOUNTAINONE MHC with MECHANICS BANK’S mutual holding company, MECHANICS BANCORP, MHC and the merger of MOUNTAINONE INC. with MECHANICS BANK’S mid-tier subsidiary stock holding company, MECHANICS BANCORP, INC., Taunton, Massachusetts. Upon consummation of the transaction, MOUNTAINONE MHC and MOUNTAINONE INC. would be the mutual holding company and mid-tier subsidiary stock holding company for both MOUNTAINONE BANK and MECHANICS BANK.

In determining whether or not to approve this petition the Board must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A virtual public hearing will be given to all interested parties on the petition before the Board on Tuesday, September 9, 2025, at 1:30 p.m. The link providing information for the virtual hearing, including the online meeting software that will be used to conduct the virtual hearing, will be available on the Divisions of Banks’ website at www.mass.gov/dob by noon on Monday, September 8, 2025.

All comments concerning this petition must be filed with the Board via electronic mail to dob.comments@mass.gov by the close of business on Tuesday, September 16, 2025. Comments may also be mailed to the Division of Banks’ Boston office at One Federal Street, Suite 0710, Boston, Massachusetts 02110-2012. The application and all communications relative to this matter are available by request at dob.rao@mass.gov . To request interpretive services, please submit your request at least three (3) business days prior to the public hearing to Christopher Buzzell at 617-956-1500 x 61548 or christopher.buzzell@mass.gov .

Board of Bank Incorporation

MARY L. GALLAGHER
Commissioner of Banks

DEBORAH B. GOLDBERG
Treasurer and Receiver-General

GEOFFREY E. SNYDER
Commissioner of Revenue