BOSTON, April 28, 2021 /PRNewswire/ -- 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.
The authorization does not constitute a commitment to repurchase
shares. The Company may conduct the repurchases through open
market purchases, block trades, unsolicited negotiated
transactions, pursuant to a trading plan that may be adopted in
accordance with Securities and Exchange Commission ("SEC") Rule
10b5-1, or in any other manner that complies with the provisions of
the Securities Exchange Act of 1934, as amended.
ABOUT BERKSHIRE HILLS
BANCORP
Berkshire Hills Bancorp is the parent of Berkshire Bank, which
is committed to purpose-driven, community-dedicated banking and to
be the leading socially responsible omni-channel bank in the
communities it serves. Headquartered in Boston, Berkshire operates 121 banking offices
primarily in New England and New York.
CONTACTS
Investor Relations Contacts
Kevin Conn, SVP, Investor
Relations & Corporate Development
Email: KAConn2@berkshirebank.com
Tel: (617) 641-9206
David Gonci, Capital Markets
Director
Email: dgonci@berkshirebank.com
Tel: (413) 281-1973
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SOURCE Berkshire Hills Bancorp, Inc.