Berkshire Hills Bancorp Inc.

NYSE:BHLB   3:59:58 PM EDT
27.06
+0.05 (+0.18%)
Other Pre-Announcement

Berkshire Hills Bancorp Says Selling Mid-Atlantic Branches To New Jersey Based Investors Bank

Published: 12/02/2020 23:14 GMT
Berkshire Hills Bancorp Inc. (BHLB) - Berkshire Hills Bancorp Inc - Selling Mid-atlantic Branches to New Jersey Based Investors Bank.
Berkshire Hills Bancorp Inc - Consolidating 16 Locations in New England and New York.
Berkshire Hills Bancorp Inc - Transfer Includes Deposit Accounts With a Total Current Approximate Balance of $639 Million.
Berkshire Hills Bancorp Inc - Buyer Has Agreed to Pay a Premium Equal to 3.0% of Final Deposit Balance Transferred.
Berkshire Hills Bancorp Inc - Berkshire Expects to Complete Net Transfer With Funds From Short-term Investments.