BOSTON, Jan. 25,
2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc.
(NYSE: BHLB), the parent company of Berkshire Bank, a leading
socially responsible community bank with financial centers in New
England and New York, announced
that David Rosato, an accomplished
banking executive who served most recently as Chief Financial
Officer of People's United Financial, Inc., and prior to that as
Treasurer at Webster Financial Corporation, will join Berkshire on February
6, 2023 as SEVP, Chief Financial Officer.
"We're pleased to welcome Mr. Rosato to the Berkshire team as Chief Financial Officer.
He's a well-respected seasoned executive leader with exceptional
business and financial acumen that will further bolster and
accelerate Berkshire's Exciting
Strategic Transformation (BEST) program," stated Berkshire CEO
Nitin Mhatre. "Mr. Rosato's proven
track record of successfully driving profitable growth while
creating long-term, sustainable value for shareholders combined
with Berkshire's differentiated
brand positioning and purpose-driven offerings will further support
us on our journey towards becoming a high-performing, leading
socially responsible community bank," added Mhatre.
In his role as Senior Executive Vice President and Chief
Financial Officer, Mr. Rosato will serve as the company's top
financial leader. He will work closely with Senior Management to
meet the organization's short and long-term objectives, regulatory
requirements and evaluate current and future operating performance
to enhance shareholder value, maintain and improve financial
flexibility, and enhance Berkshire's overall financial position. He
will report directly to CEO Nitin
Mhatre.
CEO Mhatre added, "In addition to welcoming Mr. Rosato, I want
to thank long-time Berkshire
veteran Brett Brbovic for his
leadership of the finance team during the transition. Brett will
continue to serve as Chief Accounting Officer, a position he has
held since 2015."
"I'm honored to join Berkshire
and work alongside its talented employees to create long-term
shareholder value and deliver profitable growth. Few institutions
have such a long and respected history as Berkshire does helping their employees,
customers, shareholders and communities reach their full potential.
I look forward to collaborating with the entire team to create a
best in class, leading socially responsible community bank," stated
Mr. Rosato.
About David Rosato
Mr.
Rosato is a seasoned Chief Financial Officer and banking executive
who brings over 35 years' experience driving profitable growth
within regional financial institutions. He spent the last 15 years
with People's United Financial, Inc., eight of which as Chief
Financial Officer where he worked regularly with the board, CEO and
executive management team to plan and execute strategies to drive
long-term shareholder value. During his time at People's United the
Company grew from $14 billion to over
$65 billion in assets. Prior to
joining People's United, Mr. Rosato worked at Webster Financial
Corporation, including serving as its Treasurer, and M&T Bank
Corporation. He holds an M.B.A. with a concentration in finance and
a B.S. in Business and Economics from the University of Maryland and is also a Chartered
Financial Analyst. Mr. Rosato is a former board member of the
Federal Home Loan Bank of Boston
and currently serves as a NASDAQ Exchange Board member.
ABOUT BERKSHIRE HILLS
BANCORP
Headquartered in Boston, Berkshire Hills Bancorp (NYSE:BHLB) is
the parent of Berkshire Bank. Founded in 1846, the Bank's
vision is to be a high-performing leading socially responsible
community bank. It empowers the financial potential of its
stakeholders by making banking available where, when, and how it's
needed through an uncompromising focus on exceptional customer
service, digital banking, and positive community impact. Providing
a wide range of financial solutions through its consumer banking,
commercial banking and wealth management divisions, the Bank has
approximately $11.3 billion in assets
and a community-based footprint of 100 financial centers in
Massachusetts, New York, Vermont, Connecticut, and Rhode Island. Named one of America's Most
Trusted Companies 2022 by Newsweek, Berkshire is also listed in the Bloomberg
Gender-Equality Index and a Best Place to Work for LGBTQ+ Equality.
To learn more, 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.