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Berkshire Bank’s parent company to pay quarterly dividend on Feb. 24

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Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently announced that its board of directors has approved a quarterly cash dividend of 12 cents a common share. The dividend will be payable on Feb. 24, to shareholders of record as of the close of business on Feb. 10. At Berkshire Hills Bancorp’s current […]

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Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently announced that its board of directors has approved a quarterly cash dividend of 12 cents a common share.

The dividend will be payable on Feb. 24, to shareholders of record as of the close of business on Feb. 10.

At Berkshire Hills Bancorp’s current stock price, the payment yields about 1.6 percent on an annual basis.

Boston–based Berkshire Hills Bancorp has $11.6 billion in total assets and 106 branches, primarily in New England and New York.

Berkshire Bank has more than $639 million in deposits in the Utica–Rome metro area through its 10 branches, good for an 11.58 percent share of all deposits in the market, according to FDIC data as of June 30, 2021. It ranks No. 6 in market share in the region. Berkshire Bank has seven branches in Oneida County and three offices in Herkimer County.

Journal Staff