Net income at Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) rose to $10 million, or 46 cents a share, in the third quarter.
That’s up from $4.4 million, or 22 cents a share, in the third quarter of 2011. Berkshire, based in Pittsfield, Mass., is the parent of Berkshire Bank, which has 73 branches in Massachusetts, New York, Connecticut, and Vermont.
The bank has total assets of $5.5 billion. It entered the Central New York market last year with an acquisition of Rome Savings Bank and completed a deal for DeWitt–based Beacon Federal earlier this month.
(Sponsored)
New York State Now Requires 30-Minute Paid Lactation Breaks
For the past year or so, New York employers have been adapting to the State law protections granting employees returning from childbirth leave the right to express breast milk at
How To Seamlessly & Responsibly Integrate AI Into the Workplace
Artificial intelligence (AI) is one of the hottest topics in today’s tech and office technology thought leadership. Everyone seems to be aware of the capabilities of AI, but some might
Berkshire now has 10 branches in the Syracuse and Utica-Rome markets.
The bank is planning to transfer its stock to the New York Stock Exchange in November.
“Berkshire has grown to over 25 million common shares outstanding and a market capitalization over $550 million,” President and CEO Michael Daly said in a news release. “With the increased investor interest in our company, we are pleased to have been cleared by the NYSE to join the many successful banks which are traded there. As we continue to grow in size and profitability, we look forward to the support and visibility that this listing will provide for our existing and prospective shareholders.”
Contact Tampone at ktampone@cnybj.com
