Jonathan Denmark Elected Exec VP of MountainOne Bank

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Jonathan Denmark
NORTH ADAMS, Mass. — MountainOne has promoted Jonathan Denmark, a Pittsfield resident, to executive vice president of MountainOne Bank.
 
In addition to his new leadership responsibilities, Denmark will continue to serve as president and chief operating officer of MountainOne Insurance Agency.
 
Denmark will celebrate 10 years with MountainOne in March. Early in his tenure as president and COO of MountainOne Insurance, he led the consolidation of MountainOne's Insurance agencies — True North Insurance and Coakley, Pierpan, Dolan, and Collins — and oversaw the rebranding of the combined agencies to MountainOne Insurance. His efforts also established a strong partnership with OneDigital for the agency's group benefits business line. Under his leadership, MountainOne Insurance has continued to expand, acquiring three agencies, opening a new office in Stockbridge, and expanding the agency's presence to the Pioneer Valley. 
 
"It is a true privilege to announce Jonathan's promotion to Executive Vice President," said Robert Fraser, president & CEO of MountainOne Bank. "Over the past decade, Jonathan has consistently demonstrated visionary leadership and a deep commitment to MountainOne's mission. His ability to drive growth, foster innovation, and inspire collaboration has been instrumental to our success. This appointment reflects our confidence in his ability to guide MountainOne toward even greater achievements."
 
Officials say Denmark's growth strategy, coupled with his deep expertise and unwavering dedication, have positioned the agency as a core contributor to MountainOne's overall success.
 
He is highly regarded within both the insurance industry as well as the local community and recently assumed the role of Board Chair of the Pittsfield Economic Development Authority, which oversees the William Stanley Business Park. The park, home to the MountainOne building at Silver Lake and the Berkshire Innovation Center, is poised for significant development in the coming years. Denmark's leadership at PEDA will further align economic growth opportunities with community development in Pittsfield and beyond.
 
"I am deeply honored to step into the role of executive vice president at MountainOne Bank," said Denmark. "As we look ahead, I remain dedicated to advancing MountainOne's mission of delivering meaningful solutions that create lasting value for our customers, employees, and communities."

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Berkshire Health Group Sets 16% Health Insurance Hike for FY26

By Stephen DravisiBerkshires Staff
NORTH ADAMS, Mass. — Health insurance costs for employees in 25 towns and six regional school districts will rise by 16 percent in fiscal year 2026.
 
The board of the Berkshire Health Group on Monday morning voted to increase the rate for the year that begins on July 1 by that amount, a move that is sure to color budget conversations in all of the municipal entities that participate in the joint purchase group.
 
The 7-3 vote followed a lengthy discussion about the factors driving up the cost of health care, the impact those costs are having on similar municipal and private health insurance providers and the need to maintain a healthy reserve for Berkshire Health Group.
 
As recently as three years ago, at the end of fiscal year 2021, the BHG surplus stood at just more than $22 million. For the current fiscal year, it is projected to be a little less than $12 million, according to one of the documents presented at Monday's board meeting.
 
And higher costs continue to eat away at that number.
 
"The health fund lost over a million dollars in the month of November," BHG Treasurer Jim Kelley told the group assembled in the conference room at McCann Tech.
 
Kelley told the board that 15 or 20 years ago, the group had $5 million in investments, but after two consecutive years of seeing costs outrun premiums by around 20 percent, the group needed to send a special assessment to its membership during a fiscal year.
 
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