PITTSFIELD, Mass., Jan. 27, 2014 /PRNewswire/ -- Berkshire
Hills Bancorp, Inc. (NYSE: BHLB) today announced that it has
appointed Josephine Iannelli
Executive Vice President, Chief Financial Officer effective
immediately. Ms. Iannelli, 41, has served as Berkshire's Senior Vice President, Principal
Accounting Officer and has participated in financial oversight
since July 2013.
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The announcement completes an extensive recruitment and
interview process conducted in partnership with a leading national
executive search firm with substantial financial services
expertise.
Chairman and CEO Michael Daly
stated, "Josephine's extensive experience and demonstrated
leadership over the last six months make her the best choice for
CFO. She has made many important contributions to our
financial function and overall management since joining us and is
poised to add significant value to the continued implementation of
our growth strategy. Josephine has drilled deeply into our
financials, and I am confident that we now have the executive
leadership in place that will take us to the next level."
"Berkshire has built a powerful
franchise across New England and New
York," said Ms. Iannelli. "I'm excited to be taking on
this enhanced role and look forward to driving results for the bank
and our shareholders."
Ms. Iannelli joined Berkshire
as Senior Vice President, Chief Accounting Officer on March 4, 2013. She has 20 years of
financial and banking experience beginning with KPMG Peat Marwick,
LLP and then KeyCorp. She joined National City Corporation in
2002 leading the accounting policy group and served in various
roles at the bank up through their acquisition and integration into
PNC Financial Services Group, ultimately advancing to the position
of Senior Vice President, Loan Purchase Accounting. Since
2010, she had been providing independent accounting consulting
services, specializing in finance reengineering and mergers and
acquisitions for top ten national banks.
BACKGROUND
Berkshire Hills Bancorp is the parent of Berkshire Bank –
America's Most Exciting Bank®. The Company has approximately
$6.0 billion in assets and 92 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.