BOSTON, May 11, 2021 /PRNewswire/ -- Berkshire Hills
Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank,
will announce Berkshire's Exciting
Strategic Transformation (BEST) on Tuesday,
May 18, 2021 at 10:00 a.m. eastern
time. During a virtual presentation, management will discuss
BEST in further detail and provide guidance on its expected
financial impacts.
In pursuit of its vision of being the leading socially
responsible omni-channel community bank in the markets it serves,
management undertook a comprehensive strategic planning process to
address the macro and micro trends impacting Berkshire's performance. BEST is its plan for
action to close the gap against peers in relevant metrics,
transform the Bank for the future, and stay true to its purpose and
values by optimizing, digitizing and enhancing its community bank
model.
"I'm confident that with BEST, we will move forward with
collective passion, resolve, and confidence to prove that
Berkshire's purpose-driven
community-dedicated banking will enhance value for all our
stakeholders. BEST will make us a better and stronger company,
faster. Our management team looks forward to sharing more details
with you on May 18th",
stated Nitin Mhatre, CEO of
Berkshire Hills Bancorp and Berkshire Bank.
Participants are encouraged to pre-register for the virtual
event using the following link:
https://ir.berkshirebank.com/news-events. Participants may
pre-register at any time prior to the virtual event and will
immediately receive simple instructions via email.
A telephone replay of the presentation will be available through
Tuesday, June 8, 2021 by dialing
(800) 585-8367 and entering conference ID 5785379. The
full virtual presentation will be available on Berkshire's website ir.berkshirebank.com for
an extended period of time.
ABOUT BERKSHIRE HILLS
BANCORP
Berkshire Hills Bancorp is the parent of Berkshire Bank,
which is transforming what it means to bank its neighbors socially,
humanly and digitally to empower the financial potential of people,
families and businesses in its communities as it pursues its vision
of being the leading socially responsible omni-channel community
bank in the markets it serves. Headquartered in Boston, Berkshire operates 118 banking offices
primarily in New England and New York.
FORWARD-LOOKING STATEMENTS
This document contains "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, as amended,
and section 21E of the Securities Exchange Act of 1934, as amended.
You can identify these statements from the use of the words "may,"
"will," "should," "could," "would," "plan," "potential,"
"estimate," "project," "believe," "intend," "anticipate," "expect,"
"target," and similar expressions. There are many 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.
Accordingly, you should not place undue reliance on forward-looking
statements, which reflect our expectations only as of the date of
this document. Berkshire does not
undertake any obligation to update forward-looking statements.
Investor Relations Contacts:
Kevin Conn, SVP, Investor
Relations & Corporate Development
Email: KAConn@berkshirebank.com
Tel: (617) 641-9206
David Gonci, Capital Markets
Director
Email: DGonci@berkshirebank.com
Tel: (413) 281-1973
Media Contacts:
John Lovallo
Email: jlovallo@levick.com
Tel: (917) 612-8419
Sarah Sem
Email: ssem@levick.com
Tel: (802) 310-7663
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SOURCE Berkshire Hills Bancorp, Inc.