Berkshire Hills Bancorp (BHLB) to Sell 10 New York Branches [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
Through this strategic move, the company aims to enhance the efficiency and profitability of its overall branch network. The divestiture comprises roughly $485.5 million in deposits and $60.5 million of related residential mortgage and consumer loans. Further, branch premises and equipment are part of the transaction, while Berkshire Bank's commercial banking business is not included. The sale is expected to be completed by the end of the third quarter of 2024 and is still subject to regulatory approvals. The move will lower BHLB's branch footprint to 86 locations. Under the terms of the deal, Hudson Valley Credit Union is set to take over eight branches located in Albany, Saratoga, Schenectady and Columbia counties. Glens Falls National Bank and Trust Company, the bank subsidiary of Arrow Financial Corporation AROW, will acquire the Whitehall office. Following the closure of the acquisition, AROW, through Glens Falls National Bank, will operate through nine branches in Washingt
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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