Categories: Banks & Credit UnionsRegional NewsSubscriber Only

Berkshire Bank’s parent company to pay quarterly dividend on March 30

The board of directors of Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently approved a quarterly cash dividend of 12 cents per common share. The dividend will be payable on March 30, to shareholders of record at the close of business on March 23. At Berkshire Hills Bancorp’s current stock price, the […]

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

The dividend will be payable on March 30, to shareholders of record at the close of business on March 23.

At Berkshire Hills Bancorp’s current stock price, the dividend yields about 2 percent on an annual basis.

Boston–based Berkshire Hills Bancorp has $12.8 billion in total assets and 124 branches in seven Northeastern states.

Berkshire Bank has $621.1 million in deposits in the Utica–Rome metro area through its 12 branches, good for a 12.55 percent share of all deposits in the market, according to FDIC data as of June 30, 2020. It ranks No. 5 in market share in the region. Berkshire Bank has nine branches in Oneida County and three offices in Herkimer County.

Journal Staff