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Slide #93. Berkshire Hills Bancorp, Inc. — Beacon Federal Bancorp, Inc.
Berkshire Hills Bancorp, Inc. (NYSE:BHLB)
Beacon Federal Bancorp, Inc.
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) 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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Buy (2.67 out of 4)