NCSB Announces the Appointment of Brian Monette to its Board of Trustees

NCSB Announces the Appointment of Brian Monette to its Board of Trustees

North Country Savings Bank President and Chief Executive Officer R. Brian Coakley and the Board of Trustees announced the appointment of Brian Monette to the Bank’s Board of Trustees, effective July 23rd, 2024.

Mr. Monette was born and raised in Malone, NY, and graduated from Clarkson University with a bachelor's degree in Finance. Since 1993, he has worked for his family business, Adirondack Energy Products, which includes retail locations under the Mountain Mart brand. In 1997, he bought into the company and became Vice President, and helped the business expand its holdings. In 2010 and 2011 respectively, the company opened Mo’s Pub and Grill in Malone and then purchased a ski resort and renamed it Titus Mountain Family Ski Center. From 2013 onward, Mr. Monette and his brothers opened Adirondack Powersports, Adirondack Storage Kontainers, a Dairy Queen franchise, and they also, with their partners, opened a second Holiday Inn Express in Oswego, NY. Most recently, they took ownership of the Saranac Waterfront Lodge.

In addition to his business ventures, Mr. Monette served on the board of Tiger Peg Capital, which is a financial arm of ExxonMobil, from 2004-2019.  He continues to serve on the Alice Hyde Medical Center hospital board, a role which began in 2010, was elected as its treasurer and the head of the finance committee in 2012 and was elected Chairman in 2017. Most recently, he was elected to be on the Governance Committee and Nominations Committee for the UVM network board. He served on the Community Bank regional board from 2016-2020.

"Mr. Monette's extensive business and finance background will undoubtedly bring valuable perspectives to our Board and the bank’s future,” said Brian Coakley, President, and CEO of North Country Savings Bank. “His vision for the North Country and his belief in its potential underscores the passion he has for our area and the people who live here. There is no doubt he will be a valuable asset to the customers and communities we serve and we couldn’t be more excited to have him join our team.”

As a matter of practice, the Board of Trustees regularly evaluates the composition of the board and considers how they can maintain the appropriate mix of skills, qualifications, and diversity of backgrounds to oversee the business and long-term strategy of the bank. Following this change, North Country Savings Bank’s Board of Trustees will be composed of 11 trustees, ten of whom are independent.

Chairman of the Board, Andy McMahon, had this to say about the appointment: “Brian is a native of the North Country who, with his family, has invested significantly in the community. We are pleased to have his creative mind, his commitment to this region and his strong financial background as part of our team.”

About North Country Savings Bank

The North Country Savings Bank is a mutually owned community bank chartered in 1909 that serves area residents through its 8 locations across Northern New York. Our Bank exists to provide quality financial services that help our customers fulfill their dreams and make our communities better places to live.

For more information about North Country Savings Bank and its financial products and services, visit www.ncsb.bank.