David Rosato — who served most recently as CFO of People’s United Financial, Inc., and prior to that as treasurer at Webster Financial Corporation — was set to join Berkshire on Feb. 6, as senior executive VP and CFO. In his new role, Rosato will serve as Boston–based Berkshire Hills Bancorp’s top financial leader. He […]
David Rosato — who served most recently as CFO of People’s United Financial, Inc., and prior to that as treasurer at Webster Financial Corporation — was set to join Berkshire on Feb. 6, as senior executive VP and CFO.
In his new role, Rosato will serve as Boston–based Berkshire Hills Bancorp’s top financial leader. He will work closely with senior management to meet the banking company’s short and long-term objectives, regulatory requirements, and evaluate current and future operating performance. Rosato will report directly to Berkshire CEO Nitin Mhatre.
Previous Berkshire CFO Subhadeep Basu resigned last October for personal reasons and to subsequently pursue other career interests. In the interim, Senior VP and Chief Accounting Officer Brett Brbovic served as interim CFO while the banking company searched for a new permanent CFO. Brbovic will now return to his regular position, which he has held since 2015.
In all, Rosato brings more than 35 years of experience driving profitable growth within regional financial institutions. He spent the last 15 years with People’s United Financial, eight of those years as CFO. During his time at People’s United, the banking company grew from $14 billion in assets to more than $65 billion. Prior to that, Rosato worked at Webster Financial, including serving as its treasurer, and at M&T Bank Corp. He holds an MBA degree with a concentration in finance and a bachelor’s degree in business and economics from the University of Maryland.
Berkshire Bank has about $11.3 billion in assets and a community-based footprint of 100 financial centers in Massachusetts, New York, Vermont, Connecticut, and Rhode Island. Locally, Berkshire has branches in DeWitt, Rome, Whitesboro, New Hartford, North Utica, Ilion, and West Winfield.