PITTSFIELD, Mass., Jan. 21, 2014 /PRNewswire/ -- Berkshire
Hills Bancorp, Inc. (NYSE: BHLB) today announced that its banking
subsidiary, Berkshire Bank, has completed the previously announced
acquisition of 20 retail bank locations from Bank of America,
effective January 17, 2014. As
a result of this transaction, Berkshire acquired approximately $450 million in deposits and $4 million in loans as of January 14, 2014, bringing the total number of
branches in Berkshire's footprint
to 91 across New England and New
York.
(Logo:
http://photos.prnewswire.com/prnh/20120131/NE44966LOGO)
The branches are located in the eastern and central New York cities of Amsterdam, Cairo, Chatham, Glens
Falls, Greenville,
Hudson, Ilion, Johnstown, Little
Falls, New Hartford,
New Lebanon, Queensbury, Utica, West
Winfield and Whitesboro.
Chairman and CEO Michael Daly
stated, "We are thrilled to welcome the customers and employees of
these branches to America's Most Exciting Bank®. Our
expanded footprint in New York
will benefit both existing and new customers through enhanced
convenience and active community support, while improving the
quality and value of our franchise. With the help of our
regional leaders, we look forward to building upon the momentum in
these markets."
BACKGROUND
Berkshire Hills Bancorp is the parent of Berkshire Bank –
America's Most Exciting Bank®. The Company has
approximately 91 full service branch offices in Massachusetts, New
York, Connecticut, and
Vermont providing personal and
business banking, insurance, and wealth management
services.
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.
CONTACTS
Investor Relations Contact
Allison O'Rourke; Vice President – Investor
Relations; 413-236-3149
Media Contact
Ray
Smith, Assistant Vice President – Marketing;
413-236-3756
SOURCE Berkshire Hills Bancorp, Inc.