Berkshire Hills Bancorp announces CFO changeup

Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently announced the departure of R. David Rosato as chief financial officer (CFO) and the appointment of Brett Brbovic, currently chief accounting officer, to the CFO role effective June 14. Rosato joined Berkshire in February 2023 after working for 15 years at People’s United Financial, Inc., including eight years as CFO there. He is stepping down to pursue other interests, but will stay on at Berkshire through June 14 as responsibilities transition to Brbovic. “We’re grateful for the contributions that David 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 announcing the news. “[Rosato] has been instrumental in developing the bench strength for our finance group that has enabled us to transition to a new leadership team, including Brett, who will be assuming the CFO role.” Brbovic joined Berkshire in 2012 from KPMG LLP and has served as chief accounting officer since 2015. He also served as interim CFO from Oct. 7, 2022, through Feb. 6, 2023. “Brett is a 12-year Berkshire Bank veteran with a strong track record and deep institutional knowledge,” Mhatre said. “I’m confident in his ability to lead our finance team and build on the changes that David has implemented. Berkshire’s leadership is committed to maintaining recent momentum and our entire team is focused on the goal to be a high-performing, relationship-drive, community-focused bank.” Boston–based Berkshire announced in March it would sell 10 branches in upstate and eastern New York, including the sale of its East Syracuse branch to Pathfinder Bank. Hudson Valley Credit Union is buying eight branches in Albany, Saratoga, Schenectady, and Columbia counties while Glens Falls National Bank and Trust Company is purchasing the Whitehall branch. Berkshire Bank has $12.1 billion in assets and 96 branches across New York state and New England.