Investors Bancorp to Acquire 8 Berkshire Bank Branches in New Jersey and Eastern Pennsylvania
Investors Bancorp, Inc. (ISBC)
Last investors bancorp, inc. earnings: 4/29 05:40 pm
Check Earnings Report
US:NASDAQ Investor Relations:
myinvestorsbank.com/investor-relations
Company Research
Source: PR Newswire
SHORT HILLS, N.J., Dec. 2, 2020 /PRNewswire/ -- Investors Bancorp, Inc. ("Investors") (NASDAQ:ISBC) today announced the signing of a definitive purchase agreement under which Investors' wholly-owned subsidiary, Investors Bank, will acquire the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank, the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., with approximately $639 million of deposits and $308 million of consumer and commercial loans.This acquisition adds approximately 8,000 new retail and commercial customers and nearly doubles Investors' market share in the Trenton, New Jersey MSA. In addition, four of the branches are located within 2.5 miles of an Investors Bank branch."This is a good opportunity to strengthen our central New Jersey deposit franchise and reduce higher cost wholesale funding," said Kevin Cummings, Chairman and CEO. "We are also pleased to expand our branch footprint and add two branches in affluent Pennsylvania markets."Investors wil
Show less
Read more
Impact Snapshot
Event Time:
ISBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ISBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ISBC alerts
High impacting Investors Bancorp, Inc. news events
Weekly update
A roundup of the hottest topics