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Berkshire Hills Bancorp Inc (BHLB.N)

BHLB.N on New York Stock Exchange

31.91USD
15 Nov 2019
Change (% chg)

$-0.01 (-0.03%)
Prev Close
$31.92
Open
$32.07
Day's High
$32.15
Day's Low
$31.83
Volume
154,272
Avg. Vol
87,350
52-wk High
$34.64
52-wk Low
$25.82

Latest Key Developments (Source: Significant Developments)

Berkshire Hills Bancorp- Lead Lender Advised Bank Of A Loan Default Due To Potential Fraud
Saturday, 21 Sep 2019 

Sept 20 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS BANCORP - UNIT OWNS PARTICIPATING INTEREST WITH BALANCE OUTSTANDING OF ABOUT $16 MILLION IN COMMERCIAL LENDING ARRANGEMENT SECURED BY BUSINESS ASSETS.BERKSHIRE HILLS BANCORP INC - LEAD LENDER ADVISED BANK OF A RECENT DEFAULT ON LOAN DUE TO POTENTIALLY FRAUDULENT ACTIVITY.BERKSHIRE HILLS BANCORP - CURRENTLY EVALUATING SITUATION BUT EXPECTS THAT Q3 NET INCOME AND NET INCOME PER SHARE WILL BE ADVERSELY AFFECTED.BERKSHIRE HILLS BANCORP INC - IS WORKING WITH LEAD LENDER TO PURSUE ITS REMEDIES AS A RESULT OF DEFAULT.BERKSHIRE HILLS BANCORP - BANK BELIEVES THAT INCIDENT IS ISOLATED TO SUBJECT LENDING ARRANGEMENT.  Full Article

Berkshire And SI Financial Announce Regulatory Approvals, Planned Closing Date Of Pending Merger
Thursday, 16 May 2019 

May 15 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS AND SI FINANCIAL ANNOUNCE REGULATORY APPROVALS AND PLANNED CLOSING DATE OF PENDING MERGER.  Full Article

Berkshire Hills Bancorp Says On Feb. 21, Co Entered Into Employment Agreement With Richard Marotta, President & CEO Of Co - SEC Filing
Saturday, 23 Feb 2019 

Feb 22 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS BANCORP SAYS ON FEB. 21, CO ENTERED INTO EMPLOYMENT AGREEMENT WITH RICHARD MAROTTA, PRESIDENT & CEO OF CO - SEC FILING.BERKSHIRE HILLS BANCORP - EMPLOYMENT AGREEMENT PROVIDES THAT MAROTTA WILL CONTINUE TO SERVE AS PRESIDENT AND CEO OF CO FOR A TERM OF 3 YEARS.BERKSHIRE HILLS BANCORP INC - AGREEMENT PROVIDES THAT MAROTTA WILL CONTINUE TO RECEIVE AN ANNUAL BASE SALARY OF $675,000.  Full Article

Berkshire Hills Bancorp Q4 Core Earnings Per Share $0.63
Thursday, 24 Jan 2019 

Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS REPORTS FOURTH QUARTER RESULTS; INCREASES DIVIDEND 5%.Q4 CORE EARNINGS PER SHARE $0.63.Q4 GAAP EARNINGS PER SHARE $0.31.Q4 EARNINGS PER SHARE ESTIMATE $0.66 -- REFINITIV IBES DATA.BOARD OF DIRECTORS VOTED TO INCREASE QUARTERLY CASH DIVIDEND BY $0.01, OR 5%, TO $0.23 PER COMMON SHARE.BERKSHIRE HILLS BANCORP - NET INTEREST INCOME INCREASED BY $4 MILLION QUARTER-OVER-QUARTER.  Full Article

Berkshire Hills To Acquire SI Financial Group
Wednesday, 12 Dec 2018 

Dec 11 (Reuters) - SI Financial Group Inc ::BERKSHIRE HILLS TO ACQUIRE SI FINANCIAL GROUP.SI FINANCIAL GROUP INC - DEAL FOR AN ALL-STOCK TRANSACTION VALUED AT $180 MILLION.SI FINANCIAL GROUP INC - SEES TANGIBLE BOOK VALUE DILUTION OF $0.53 PER SHARE FROM DEAL OR 2.4% WITH AN EXPECTED LESS THAN 3.0 YEAR EARN-BACK PERIOD.SI FINANCIAL GROUP INC - EACH OUTSTANDING SHARE OF SIFI COMMON STOCK WILL BE EXCHANGED FOR 0.48 SHARES OF BERKSHIRE HILLS COMMON STOCK.SI FINANCIAL GROUP INC SAYS DEAL ANTICIPATED TO BE 5% ACCRETIVE TO EARNINGS PER SHARE IN 2020, FIRST FULL YEAR OF INTEGRATED OPERATIONS.SI FINANCIAL GROUP INC - TRANSACTION IS INTENDED TO QUALIFY AS A TAX-FREE REORGANIZATION FOR FEDERAL INCOME TAX PURPOSES.SI FINANCIAL GROUP INC - DEFINITIVE AGREEMENT HAS BEEN APPROVED BY UNANIMOUS VOTES OF BOARDS OF DIRECTORS OF BOTH COMPANIES.SI FINANCIAL GROUP - CEO WILL BE APPOINTED TO BERKSHIRE'S BOARD WHEN MERGER IS COMPLETED.SI FINANCIAL GROUP - KEY BUSINESS LEADERS FROM CO TO REMAIN WITH BERKSHIRE BANK IN CONTINUING LEADERSHIP ROLES.  Full Article

Berkshire Hills Reports 73% Increase In Second Quarter Earnings
Thursday, 19 Jul 2018 

July 18 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS REPORTS 73% INCREASE IN SECOND QUARTER EARNINGS; DIVIDENDS DECLARED.BERKSHIRE HILLS BANCORP INC QTRLY EARNINGS PER SHARE $0.74.BERKSHIRE HILLS BANCORP INC QTRLY NET INTEREST INCOME $91.1 MILLION VERSUS $69.6 MILLION.BERKSHIRE HILLS BANCORP INC QTRLY TOTAL NET REVENUE $121.2 MILLION VERSUS $102.3 MILLION.  Full Article

Berkshire Hills Bancorp Says ‍Due To Tax Act, Value Of Net Deferred Tax Assets Will Be Reduced By About $21 Mln
Friday, 5 Jan 2018 

Jan 4 (Reuters) - Berkshire Hills Bancorp Inc ::BERKSHIRE HILLS BANCORP-‍DUE TO TAX ACT, VALUE OF NET DEFERRED TAX ASSETS WILL BE REDUCED BY ABOUT $21 MILLION, LESS AMOUNT OF TAX DEFERRAL UTILIZED IN Q4​.BERKSHIRE HILLS BANCORP SAYS ESTIMATES THERE WILL BE REDUCTION OF ABOUT $0.46 PER SHARE IN Q4 EARNINGS DUE TO TAX ACT​ - SEC FILING.  Full Article