BOSTON, Sept. 14,
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 the election of Mary Anne
Callahan to the Board of Directors of the Company and its
wholly-owned subsidiary Berkshire Bank effective September 13, 2023. Ms. Callahan has
extensive investment banking expertise including advising bank
clients on strategy, capital management and merger and
acquisitions. She served most recently as a Managing Director in
the Financial Services Group at Piper Sandler Companies. Upon her
election, Ms. Callahan was determined to be an independent director
and appointed to the Compensation Committee and the Risk
Management, Capital and Compliance Committee of the Board.
"We are delighted to welcome Mary
Anne to our Board of Directors," said Chairperson
David M. Brunelle. "Her
shareholder orientation and substantial investment banking
experience will bring insights and valuable perspectives to the
Board."
"Mary Anne's deep understanding
of the competitive dynamics in the New England and New York banking markets along with her
extensive industry knowledge and decades-long relationships in the
sector make her the ideal candidate to help Berkshire Bank continue
to grow strategically while advancing on our journey toward
becoming a high-performing, leading socially responsible community
bank," added Berkshire Bank CEO Nitin
Mhatre.
"Berkshire has built a
reputable financial institution that is well-respected by clients,
investors, employees and its broader communities. I'm excited to
have the opportunity to join the board and use my experience to
contribute to Berkshire's ongoing
transformation," stated Ms. Callahan.
About Mary Anne Callahan
Ms. Callahan brings more than 35 years of investment
banking expertise most recently as a Managing Director in the
Financial Services Group at Piper Sandler Companies where her
responsibilities included advising bank management and boards of
directors in the Northeast region on a broad range of strategic and
financial topics. Prior to joining Piper
Sandler, she was a principal in Sandler O'Neill &
Partners, L.P.'s investment banking group advising banks, thrifts
and specialty finance companies and worked in the financial
institutions group at Merrill Lynch and CIBC World Markets. Ms.
Callahan holds a Master of Business Administration from the Wharton
School of the University of
Pennsylvania and a Bachelor of Arts from Wellesley College.
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 $12.1 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 by Newsweek and America's Best Midsize
Employers by Forbes, 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 Contact
Kevin
Conn
Investor Relations
617.641.9206
KAConn@berkshirebank.com
Media Contact:
Gary
Levante
Corporate Communications
413.447-1737
glevante@berkshirebank.com
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SOURCE Berkshire Hills Bancorp, Inc.