Berkshire Hills Bancorp (NYSE: BHLB) cut 11 jobs following its acquisition of DeWitt–based Beacon Federal Bancorp in October.
Beacon Federal had about 130 employees before the acquisition. Berkshire announced the $132 million deal for Beacon Federal in May.
Beacon Federal had about $1 billion in assets and seven branches in DeWitt, East Syracuse, Marcy, and Rome, as well as Smartt, Tenn., Smyrna, Tenn., and Chelmsford, Mass.
(Sponsored)
“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the
Criminal Liability for Employment Law Violations?
New York employers are often surprised to learn that wage law violations can lead to criminal penalties in addition to financial penalties. Whether payroll is outsourced, or a staffing agency
Berkshire Hills, based in Pittsfield, Mass., now has assets of $5.5 billion and 73 branches in Massachusetts, New York, Connecticut, and Vermont. The banking company said it would divest Beacon Federal’s Tennessee branches.
Berkshire Hills, parent of Berkshire Bank, first entered the Central New York market in 2011 with its acquisition of Rome Savings Bank.
Contact Tampone at ktampone@cnybj.com
