BOSTON, Nov. 10,
2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc.
(NYSE: BHLB) rang the bell to open trading on the New York Stock
Exchange (NYSE) on Wednesday morning, November 9.
Berkshire is celebrating the tenth
anniversary of its listing on the NYSE and more than 175 years of
service that its subsidiary, Berkshire Bank, has provided to its
markets, along with its accelerating momentum toward becoming a
high-performing, leading socially responsible community bank in New
England, Upstate New York, and beyond.
CEO Nitin Mhatre stated, "We're
proud to celebrate the anniversary of our NYSE listing and our long
history of purpose-driven, values guided community banking. We
believe that where you bank matters, and we're building a better
approach to banking while delivering steadily improving results to
our communities and our shareholders. In 2022, our team has
delivered strong improvement in our financial results, along with a
50% dividend increase, and our stock has outperformed the NYSE
Composite index and the KBW Regional Banking index."
"We're making steady progress in our Berkshire's Exciting Strategic Transformation
(BEST) program and we're in the top quartile of banks in our index
of ESG performance. Additionally, we issued the first Community
Bank Sustainability Bond in the U.S. in June and were named by
Newsweek as one of America's Most Trustworthy Companies. These
milestones are only possible because of the collective work of more
than 1,300 Berkshire bankers who
are delivering an exceptional customer experience and positive
impact in our local communities," added Mhatre.
Company executives joined CEO Mhatre at the podium in the
traditional bell ringing ceremony that opens the stock market at
9:30 am. Other Berkshire team
members joined the stock traders on the exchange floor to celebrate
the start of the trading day. Berkshire Hills has
approximately 45 million outstanding shares and a market
capitalization of approximately $1.3
billion based on the $28.95
closing price of the Company's stock on November 8, 2022.
A video of the bell ringing can be found
at https://youtu.be/_ww1_TB-Lbs. Photos and video of the NYSE
Bell Ringing Ceremony are also available courtesy of the NYSE at
https://www.nyse.com/bell, on Facebook (NYSE), on Twitter (@NYSE),
on YouTube (nysetv1), and from media@theice.com.
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 $11.3 billion in assets and operates 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.