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.
Maryann Lewis will serve as BerKshire Bank’s senior vice president, commercial region lead for the mid-Atlantic region covering both New Jersey and Pennsylvania.
Berkshire Bank completed its asset purchase transaction with 44 Business Capital and Parke Bank under which Berkshire has acquired the business model of 44 Business Capital and certain assets of Parke Bank’s SBA 7 (a) loan program operations.
44 Business Capital said it signed an agreement with Berkshire Bank and Parke Bank under which Berkshire will acquire the business model of 44 Business Capital and certain assets of Parke Bank’s SBA 7(a)loan program operations including its entire team including leadership.
Firestone Financial said it added Berkshire Bank to its bank group and signed a $150 million, multi-year revolving credit facility.
Berkshire Hills Bancorp expanded its commercial banking business in eastern Massachusetts by recruiting five experienced commercial banking professionals.