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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:29 PM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #97. Beacon Federal Bancorp, Inc. Berkshire Hills Bancorp, Inc

Acquirer: Beacon Federal Bancorp, Inc. (BFED)
Acquiree: Berkshire Hills Bancorp, Inc (BHLB)
Details: Beacon Federal Bancorp, Inc, parent of Beacon Federal, announced today that its shareholders approved the Company's pending merger with Berkshire Hills Bancorp, Inc. parent of Berkshire Bank, at a special meeting held earlier today. Shareholders also voted in favor of a non-binding advisory resolution to approve certain compensation to be paid to certain executive officers of the Company in connection with the merger.

Beacon Federal Bancorp is a holding company. Through its subsidiary, Beacon Federal, Co. is engaged in providing financial services through its offices in New York, Massachusetts, Texas, and Tennessee. Co.'s principal lending activity is the origination of real estate mortgage loans to purchase or refinance one- to four-family residential real estate. Co. also originates a number of indirect auto loans and other consumer loans, along with commercial business loans, commercial real estate loans, multi-family real estate mortgage loans and home equity loans. As of Dec 31 2010, Co. had total assets of $1.03 billion and total deposits of $677.4 million.

Open the BFED Page at The Online Investor »

Beacon Federal Bancorp is a holding company. Through its subsidiary, Beacon Federal, Co. is engaged in providing financial services through its offices in New York, Massachusetts, Texas, and Tennessee. Co.'s principal lending activity is the origination of real estate mortgage loans to purchase or refinance one- to four-family residential real estate. Co. also originates a number of indirect auto loans and other consumer loans, along with commercial business loans, commercial real estate loans, multi-family real estate mortgage loans and home equity loans. As of Dec 31 2010, Co. had total assets of $1.03 billion and total deposits of $677.4 million.

Open the BHLB Page at The Online Investor »

Company Name: 
Beacon Federal Bancorp Inc
Website: 
www.beaconfederal.com
Sector: 
Credit Services & Lending
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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