Berkshire Hills Bancorp completed its acquisition of SI Financial Group and merged Savings Institute and Trust Company into Berkshire Bank.
Berkshire Bank launched its newly re-designed website. Developed in collaboration with ZAG Interactive, the new site will improve the user experience by being more consumer-focused and easier to navigate.
Berkshire Bank promoted Senior Vice President of the Retail Market Jeannine Cimino to regional president of the Mid-Atlantic region.
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.
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.
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.
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.
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 Hills Bancorp completed the acquisition of Commerce Bancshares and the merger of Commerce Bank into Berkshire Bank.