|This Slide: #24 of 100|
Slide #24. Berkshire Hills Bancorp, Inc. — 20 Branches in Central New York
Berkshire Hills Bancorp, Inc. (NYSE:BHLB)
20 Branches in Central New York
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 retail bank locations from Bank of America, effective January 17, 2014. As a result of this transaction, Berkshire acquired approximately $450 million in deposits and $4 million in loans as of January 14, 2014, bringing the total number of branches in Berkshire's footprint to 91 across New England and New York.
Berkshire Hills Bancorp is the holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group, Inc. Co. provides a range of deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. The Bank also operates a socially responsible platform, Reevx Labs, to support entrepreneurs, artists, and small non-profit organizations. The Bank's deposit accounts consist of demand deposits (non-interest-bearing checking), NOW (interest-bearing checking), regular savings, money market savings, and time certificates of deposit. The Bank provides targeted online and mobile deposit account opening capabilities for personal accounts.
BHLB SEC Filing Email Alerts Service
Open the BHLB Page at The Online Investor »
Buy (2.67 out of 4)