Financial, Investment, and Business Expertise Will Bolster
Transformation
BOSTON, March 14, 2022 /PRNewswire/ -- Berkshire Hills
Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a
socially responsible, community-dedicated bank with branch
locations in New England and New
York, announced the election of Mihir A. Desai to the Board of Directors of the
Company and its wholly-owned subsidiary Berkshire Bank effective
March 10, 2022. Mr. Desai is an
internationally acclaimed Professor of Finance at Harvard Business School and Professor of Law at
Harvard Law School. His extensive expertise in finance, investment,
and business will bolster the Board's support of Berkshire's Exciting Strategic Transformation
(BEST). Upon his election Mr. Desai was appointed to the Compliance
& Regulatory and Risk Management & Capital Committees of
the Board.
"We are pleased to welcome Mihir to our Board of Directors,"
said Chairperson David M. Brunelle.
"Mihir's work at Harvard and extensive
business experience will provide important insight, context and
perspectives to our Board."
"Berkshire, and all of our
stakeholders will benefit greatly from Mihir's expertise and
wisdom. His understanding of the principals of finance in
improving human lives will strengthen our Board and his commitment
to making finance more accessible will further enhance our BEST
plan as well as support our vision of being a high-performing,
leading socially responsible community bank in New England and
beyond," added Berkshire Bank CEO Nitin
Mhatre.
Mr. Desai, 53, is the Mizuho Financial Group Professor of
Finance at Harvard Business School, and
Professor of Law at Harvard Law School. Mr. Desai is an
accomplished author and expert in finance and tax policy. His books
include the Wisdom of Finance: Discovering Humanity in the World
of Risk and Return (longlisted for the 2017 FT/McKinsey Best
Business Book of the Year) and How Finance Works: The HBR Guide
to Thinking Smart about the Numbers. He is a Research Associate
in the National Bureau of Economic Research's Public Economics and
Corporate Finance Programs, and served as the co-director of the
NBER's India program. His research
has been cited in leading academic journals and the popular press
and has served as the foundation to his several testimonies to the
Senate Finance Committee and House Ways and Means Committee. In
addition to his work at Harvard
University, his professional experiences include CS First
Boston, McKinsey & Co., and advising a number of firms and
governmental organizations. Mr. Desai received his Ph.D. in
political economy from Harvard
University, his MBA as a Baker Scholar from Harvard Business School, and a bachelor's degree in
history and economics from Brown
University. He currently resides in Cambridge, Massachusetts, and will serve as an
independent director.
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.
Berkshire Bank provides business and consumer banking, mortgage,
wealth management, and investment services.
Headquartered in Boston,
Berkshire has approximately
$11.6 billion in assets and operates
106 branch offices in New England and New
York, and is a member of the Bloomberg Gender-Equality
Index. To learn more, call 800-773-5601 or follow us on Facebook,
Twitter, Instagram, and LinkedIn.
MEDIA CONTACT
Alicia
Jacobs, AVP Public Relations Officer
Email: communications@berkshirebank.com
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
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SOURCE Berkshire Hills Bancorp, Inc.