On March 25, 2025, MountainOne Financial, MHC, North Adams, Massachusetts, and Mechanics Bancorp, MHC, Taunton, Massachusetts, announced their agreement to form a strategic partnership through the merger of MountainOne Financial, MHC and Mechanics Bancorp, MHC. MountainOne Bank and Mechanics Bank, the bank subsidiaries of MountainOne Financial, MHC and Mechanics Bancorp, MHC, respectively, will remain independent entities under a mutual multi-bank holding company.

MountainOne Bank has six branch locations and approximately $985 million in assets.

Mechanics Bank has nine branch locations and approximately $835 million in assets.

Luse Gorman is serving as legal counsel to MountainOne Bank in the transaction. The Luse Gorman team consists of Kent Krudys, Larry Spaccasi, Tom Hutton and Anahita Mohtasham.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.