Pathfinder Bancorp Announces Agreement to Acquire East Syracuse Branch [Yahoo! Finance]
Berkshire Hills Bancorp, Inc. (BHLB)
Last berkshire hills bancorp, inc. earnings: 1/27 04:15 pm
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Source: Yahoo! Finance
and assumption agreement pursuant to which Pathfinder Bank will acquire the East Syracuse, New York branch of Berkshire Bank, located on 6611 Manlius Center Road. The purchase and assumption agreement provides for the transfer by Berkshire to Pathfinder of the facility and other associated assets of the branch, approximately $198 million in deposits, and certain consumer and residential loans with outstanding balances of roughly $32 million. The purchase of the branch by Pathfinder is subject to regulatory approval, associated system conversions, and satisfaction of certain customary closing conditions. The parties expect to close on the purchase and sale of the Berkshire branch by the end of the third quarter of 2024, at which point the branch will be fully converted to operate as a Pathfinder branch office. Pathfinder expects the acquisition to generate a favorable internal rate of return and attractive earnings per share accretion, all within a reasonable tangible book value ea
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News
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- 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