Berkshire Hills Bancorp, Inc. (NYSE: BHLB) announced a new stock buyback program Tuesday.
The board of directors at the Pittsfield, Mass.–based company, parent of Berkshire Bank, approved the repurchase of up to 500,000 shares, or about 2 percent of its outstanding common stock. The company also said it finished buying back shares under its previous program, which had about 98,000 shares available for repurchase as of the end of 2012.
The bank has about $5.3 billion in assets and 75 branches in Massachusetts, New York, Connecticut, and Vermont. Berkshire first entered the Central New York market in 2011 with its acquisition of Rome Savings Bank and it also acquired DeWitt–based Beacon Federal in October.
(Sponsored)
Can a Generative AI Use Policy for the Workplace Help Protect Sensitive Data?
Artificial intelligence is a buzzword for many industries. It has good and bad effects on the future of creating content, finding information, and other uses. So, what does this mean
Assessing the Likely Tax Impacts of the 2024 Election
President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified
Contact Tampone at ktampone@cnybj.com
