Berkshire Hills to Acquire Savings Institute Bank and Trust

Berkshire Hills Bancorp signed a definitive merger agreement to acquire SI Financial Group and its subsidiary, Savings Institute Bank and Trust, in an all-stock transaction valued at $180 million.

Marotta Succeeds Daly as Berkshire Hills CEO

Berkshire Hills Bancorp named Berkshire Bank President Richard M. Marotta CEO and president of the company and CEO of the bank. He succeeds Michael P. Daly, who has stepped down as CEO, president and director.

Berkshire Expands Mid-Atlantic Commercial Loan Team

Martha Morley joined Berkshire Bank as vice president, commercial loan officer. Morley will be tasked with continuing the bank’s growth initiatives by maintaining strong client relationships in the Mid-Atlantic region.

Grassroots ABL: Regional Banking Execs Upbeat About Economy

Regional banks play an important role in today’s economy, offering personalized services to small and middle-market businesses. They also are expanding into the ABL market to serve those customers. ABF Journal contributor Lisa Miller spoke with ABL executives from four regional banks who shared their thoughts on the economy, the impact of technology and working with alternative lenders.

Crumlish Joins Berkshire Bank ABL Team

Berkshire Bank hired Jim Crumlish as vice president, Asset-Based Lending and relationship manager. He will be based in Blue Bell, PA and serve the Mid-Atlantic Region.

Berkshire Bank Appoints Williams VP/ABL Officer

Berkshire Bank appointed Diane Williams vice president, asset-based loan officer for the Mid-Atlantic region.

Berkshire Hills Completes Commerce Bancshares Acquisition

Berkshire Hills Bancorp completed the acquisition of Commerce Bancshares and the merger of Commerce Bank into Berkshire Bank.

Crystal Financial Provides Acquisition Financing for ProAir

Crystal Financial funded a $15.0 million senior secured term loan to support ProAir’s acquisition of Bus Air Manufacturing.

Berkshire Hills Bancorp to Move Corporate HQ to Boston

Berkshire Hills Bancorp, parent of Berkshire Bank, is relocating its corporate headquarters to Boston later this year to support the bank’s strategic growth throughout the Northeast.

Former PNC Business Credit Exec Joins Berkshire Bank as SVP

Kenneth Kaestner joined Berkshire Bank as senior vice president, ABL regional leader of the mid-Atlantic region. Kaestner was previously SVP, team leader and relationship manager at PNC Business Credit.