On January 1, 2026, MountainOne Financial, MHC and MountainOne Financial, Inc., North Adams, Massachusetts, the holding companies for MountainOne Bank (“MountainOne”), completed its merger of equals with Mechanics Bancorp, MHC and Mechanics Bancorp, Inc., Taunton, Massachusetts, the holding companies for Mechanics Cooperative Bank. Following the merger, MountainOne and Mechanics Cooperative Bank will remain separate banks.

The combined company has consolidated assets of $1.83 billion with 15 branch locations.

Luse Gorman served as legal counsel to MountainOne in the transaction. The Luse Gorman team consisted of Kent Krudys, Lawrence Spaccasi, and Anahita Mohtasham-Gharagozloo.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on 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.