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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:06 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #24. Berkshire Hills Bancorp, Inc. 20 Branches in Central New York

Acquirer: Berkshire Hills Bancorp, Inc. (NYSE:BHLB)
Acquiree: 20 Branches in Central New York
Details: 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.

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Company Name: 
Berkshire Hills Bancorp Inc
Stock buyback: 
BHLB buyback
Website: 
www.berkshirebank.com
Sector: 
Banking & Savings
Number of ETFs Holding BHLB: 
48
Total Market Value Held by ETFs: 
$258.51M
Total Market Capitalization: 
$1.13B
% of Market Cap. Held by ETFs: 
22.94%
 

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Buy (2.67 out of 4)
14th percentile
(ranked lower than approx. 86% of all stocks covered)

Analysts' Target Price:
BHLB Stock Forecast

Based on Zacks ABR data;
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