BOSTON, Sept. 12,
2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc.
(NYSE: BHLB), the parent company of Berkshire Bank, a leading
socially responsible community bank with financial centers located
in New England and New York, is
excited to announce that Ashlee
Flores, an experienced industry and Berkshire veteran was promoted to EVP, Chief
Compliance Officer. Ms. Flores will replace Deborah A. Stephenson, SEVP, Chief Compliance
Officer, who is resigning her position effective September 30, 2022, to pursue another
opportunity.
"I want to thank Ms. Stephenson for her years of hard work,
dedication, professionalism, and commitment to leading a best in
class compliance function at Berkshire Bank. On behalf of the
entire Berkshire family, we wish
Deb all the best in her next chapter," stated Nitin Mhatre, CEO of Berkshire.
"We are delighted to welcome Ms. Flores to our executive team.
She is a proven leader with deep knowledge of Berkshire Bank, our
employees, customers, and communities. She has consistently
demonstrated her performance in key roles within our compliance
function and actively participates in strategic initiatives to
advise on potential compliance impacts. Her positive energy and
breadth of experience make her the ideal candidate to lead our
compliance function into the future under our Berkshire's Exciting Strategic Transformation
(BEST) program," added Mhatre.
Ms. Flores will oversee all aspects of the compliance risk
management program, including compliance with the Bank Secrecy Act,
Community Reinvestment Act, consumer protection laws and
regulations, as well as the Security and Fraud Investigations
functions. She will report directly to SEVP, Chief Risk Officer,
Greg Lindenmuth.
"I'm honored to step into this leadership role at Berkshire as we look to deliver on our vision
to be a high-performing, leading socially responsible community
bank. Central to this vision is maintaining a strong culture of
compliance, risk management and consumer financial protection so
that we can best serve our customers and communities," stated
Ashlee Flores.
Ms. Flores brings more than 15 years of financial industry, risk
management and compliance experience, most recently serving as SVP,
Compliance, where she oversaw Berkshire Bank's compliance program.
Prior to joining Berkshire Bank, Ms. Flores was a compliance
officer at Hampden Bank in Springfield,
MA where she managed the compliance and audit program. She
holds a Bachelor of Applied Sciences in Journalism from
Boston University in Boston, MA. Outside of work, Ms. Flores
volunteers with Leadership Pioneer Valley on their finance
committee, Dress for Success, and is a former board member for the
Western MA Compliance Association.
ABOUT BERKSHIRE HILLS
BANCORP
Berkshire Hills Bancorp is the parent of Berkshire
Bank. The Bank's goal is to be a high performing, leading socially
responsible community bank in New England, Upstate New York, and
beyond. 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 over 100
financial centers 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.
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 Contact:
Gary
Levante, SVP, Corporate Responsibility &
Communications
Email: glevante@berkshirebank.com
Tel: (413) 447-1737
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SOURCE Berkshire Hills Bancorp, Inc.