News: Front Section
Posted: August 16, 2024
MountainOne Bank promotes Lauro to senior vice president, Western MA commercial leader
Longmeadow, MA MountainOne has promoted Matthew Lauro to senior vice president, Western Massachusetts commercial team leader.
In this elevated role, Lauro has assumed responsibility for the oversight, management, and growth of MountainOne’s commercial banking activities in Western Mass. In addition to having the Western Mass. commercial lenders reporting to him, Lauro is responsible for working closely with the bank’s credit administration and commercial portfolio management staff to ensure the integrity and quality of the loan portfolio.
Lauro joined MountainOne in May 2022 as senior vice president of commercial lending. Previously, he served as vice president of emerging markets at State Street Bank and Trust.
“Over the past two years, Matt has been instrumental in developing new commercial loan and deposit relationships in the Berkshires and Pioneer Valley for MountainOne,” said Robert Fraser, president and CEO. “Furthermore, his impressive skills and ability to build strong partnerships with our credit and loan administration teams, senior management, and key stakeholders have been invaluable. Matt’s commitment to our customers and the growth of our portfolio makes him the definitive leader for our Western Mass. commercial team.”
A graduate of Rensselaer Polytechnic Institute, Lauro resides in Pittsfield, and is involved in his community, serving as a director of the Pittsfield Affordable Housing Trust and Berkshire Education and Correction. Additionally, Lauro is a national council member of Avon Old Farms School and an active supporter of Grit & Gratitude Wrestling Academy.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
