Berkshire Hills to List BHLB Stock with NYSE; To Ring Opening Bell
on November 29
PITTSFIELD, Mass., Oct. 23, 2012 /PRNewswire/ -- Berkshire Hills
Bancorp, Inc. (NASDAQ: BHLB) announced today that it has been
cleared to list its common stock on the New York Stock Exchange
(NYSE). The company will retain the ticker symbol
"BHLB". The Company expects to begin trading on the NYSE on
or about November 19, 2012.
Until the transfer, the Company's stock will continue to be
listed on the NASDAQ Global Select Market (NASDAQ). Berkshire
Hills is the parent company of Berkshire Bank, America's Most
Exciting Bank(SM).
(Logo:
http://photos.prnewswire.com/prnh/20120131/NE44966LOGO )
Berkshire CEO Michael Daly
stated, "Berkshire has grown to
over 25 million common shares outstanding and a market
capitalization over $550 million.
With the increased investor interest in our company, we are
pleased to have been cleared by the NYSE to join the many
successful banks which are traded there. As we continue
to grow in size and profitability, we look forward to the support
and visibility that this listing will provide for our existing and
prospective shareholders."
"We are thrilled to welcome Berkshire Hills Bancorp to the New
York Stock Exchange, where the company joins the ranks of other
successful financial institutions in America and the world," said
Scott Cutler, EVP and head of Global
Listings, NYSE Euronext. "Berkshire Hills Bancorp has an
outstanding record of growth, service and performance, and of
delivering on its brand promise of excitement. The
NYSE is the world's leading exchange brand and provides Berkshire
Hills Bancorp with a platform for unsurpassed market quality,
liquidity, innovation, and visibility. On behalf of my colleagues,
we look forward to our partnership and to serving the company and
its shareholders."
In celebration of the transfer, representatives from
Berkshire will ring the NYSE
Opening Bell at 9:30 a.m. ET on
November 29, 2012.
BACKGROUND
Berkshire Hills Bancorp is the parent of Berkshire Bank –
America's Most Exciting Bank(SM). Including the recent acquisition
of Beacon Federal Bancorp, the Company has approximately
$5.5 billion in assets and 73 full
service branch offices in Massachusetts, New
York, Connecticut, and
Vermont providing personal and
business banking, insurance, and wealth management services.
Berkshire Bank provides 100% deposit insurance protection for all
deposit accounts, regardless of amount, based on a combination of
FDIC insurance and the Depositors Insurance Fund (DIF).
FORWARD LOOKING STATEMENTS
This document may contain forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995.
There are several factors that could cause actual results to differ
significantly from expectations described in the forward-looking
statements. For a discussion of such factors, please see
Berkshire's most recent reports on
Forms 10-K and 10-Q filed with the Securities and Exchange
Commission and available on the SEC's website at www.sec.gov.
Berkshire does not undertake any
obligation to update forward-looking statements made in this
document.
CONTACTS
Investor Relations Contact
David Gonci
Investor Relations Officer
413-281-1973
Media Contact
Lori
Gazzillo
AVP, Community Relations
413-822-1695
SOURCE Berkshire Hills Bancorp, Inc.