Berkshire Hills Bancorp, Inc. (NYSE: BHLB) President and CEO Michael Daly will become chairman of the Pittsfield, Mass.–based banking company on Jan. 1.
Berkshire Hills’ board elected Daly as chairman on Dec. 13. Lawrence Bossidy, current chairman, will become the lead independent director of the board.
Berkshire Hills has assets of $5.5 billion and 73 branches in Massachusetts, New York, Connecticut, and Vermont. The company, parent of Berkshire Bank, first entered the Central New York market in 2011 with its acquisition of Rome Savings Bank and acquired DeWitt–based Beacon Federal in October.
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