Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 6:41 AM
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Slide #20. Berkshire Hills Bancorp, Inc.
Berkshire Hills Bancorp, Inc. (NYSE:BHLB)
Share Amount Authorized:
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a stock repurchase program pursuant to which the Company may repurchase up to 2,500,000 shares of its common stock through April 30, 2022. This represents approximately 5% of its outstanding shares as of March 31, 2021.
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)