This Slide: #93 of 100 |
Slide #93. Berkshire Hills Bancorp, Inc. — Beacon Federal Bancorp, Inc.
Acquirer:
Berkshire Hills Bancorp, Inc. (NYSE:BHLB)
Acquiree:
Beacon Federal Bancorp, Inc.
Details:
Berkshire Hills Bancorp, Inc completed its acquisition of Beacon Federal Bancorp, Inc., a nearly $1.0 billion bank with seven offices headquartered in East Syracuse, New York. Berkshire Hills is the parent of Berkshire Bank, America's Most Exciting Bank(SM). Beacon Federal has been merged into Berkshire Bank.
Berkshire Hills Bancorp is the holding company for Berkshire Bank (the Bank). The Bank provides business and consumer banking, mortgage, wealth management, and investment services. 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. Additionally, the Bank provides a variety of retirement deposit accounts to personal and business customers. Co.'s Wealth Management Group provides investment management, trust administration, and financial planning.
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BHLB Stock Forecast Based on Zacks ABR data; powered by Xignite |