Berkshire Hills Bancorp in Deal to Sell 10 New-York Branches [MarketWatch]
Berkshire Hills Bancorp, Inc. (BHLB)
Last berkshire hills bancorp, inc. earnings: 1/27 04:15 pm
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Source: MarketWatch
The bank holding company on Monday said its wholly owned subsidiary Berkshire Bank has entered into definitive deals with Hudson Valley Credit Union, Glens Falls National Bank & Trust and Pathfinder Bank to sell these branches, located in upstate and eastern New York. Advertisement The sales, which exclude Berkshire's commercial banking business, include about $485.5 million in deposits and $60.5 million of related residential mortgage and consumer loans along with all branch premises and equipment. The agreements reduce Berkshire's overall branch footprint to 86 locations from 96 previously, Berkshire said, noting that the sales combined with a future securities sale won't materially increase borrowings and will be effectively neutral to full year 2024 earnings outlook. "The proposed sales will concentrate our overall geographic footprint and lower our expense run rate, while strengthening focus in our core New York markets," Chief Executive Nitin Mhatre said. Hudson Valle
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News
- Berkshire Hills Bancorp: Earnings Likely To Bounce Back, But Risks Are High [Seeking Alpha]Seeking Alpha
- Gloria Vanderbilt's Prep School Joins Boomlet in Muni Market [BNN Bloomberg (Canada)]BNN Bloomberg
- Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Berkshire Hills Bancorp (BHLB) Q1 Earnings Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Berkshire Hills Reports First Quarter 2024 ResultsPR Newswire
BHLB
Earnings
- 4/18/24 - Miss
BHLB
Sec Filings
- 4/26/24 - Form 4
- 4/18/24 - Form 8-K
- 4/5/24 - Form ARS
- BHLB's page on the SEC website