Berkshire Bank parent starts search for new CFO

BOSTON — Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent company of Berkshire Bank, has launched a search for a new chief financial officer after CFO Subhadeep Basu resigned effective Oct. 7 for personal reasons and to subsequently pursue other career interests.

Basu will be available as an adviser to the company to assist with transition matters through the end of the year. Berkshire retained the Spencer Stuart firm to conduct a national search for a new CFO.

“We’re grateful for the contributions that Subhadeep has made in his service as CFO, and we wish him well in his future pursuits,” Berkshire CEO Nitin Mhatre said in a press release. “Our company has made strong financial progress during his tenure.”

“I am proud to have been part of Berkshire and working with a wonderful group of people,” Basu said. “I am grateful for the opportunity to have been able to work together with Nitin, the board, and the team to help Berkshire progress to where it is now. My best wishes to the Berkshire team for continued success.”

Senior VP and Chief Accounting Officer Brett Brbovic will serve as interim CFO while the company searches for someone to fill the role permanently. Brbovic joined the company in 2012 as VP and controller. He has served as senior VP and chief accounting officer since 2015.

Berkshire Bank has 100 branches companywide. Locally, Berkshire has branches in DeWitt, Rome, Whitesboro, New Hartford, North Utica, Ilion, and West Winfield. Berkshire Bank providers business and consumer banking, mortgage, wealth-management, and investment services.