Berkshire Hills Bancorp (NYSE: BHLB) cut 11 jobs following its acquisition of DeWitt–based Beacon Federal Bancorp in October.
Beacon Federal had about 130 employees before the acquisition. Berkshire announced the $132 million deal for Beacon Federal in May.
Beacon Federal had about $1 billion in assets and seven branches in DeWitt, East Syracuse, Marcy, and Rome, as well as Smartt, Tenn., Smyrna, Tenn., and Chelmsford, Mass.
(Sponsored)
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
Cybersecurity in Today’s Remote Work Environment
The response to the COVID-19 pandemic demonstrated that remote work was viable for many companies. Today, remote and hybrid work models have become standard options for most professionals. While remote
Berkshire Hills, based in Pittsfield, Mass., now has assets of $5.5 billion and 73 branches in Massachusetts, New York, Connecticut, and Vermont. The banking company said it would divest Beacon Federal’s Tennessee branches.
Berkshire Hills, parent of Berkshire Bank, first entered the Central New York market in 2011 with its acquisition of Rome Savings Bank.
Contact Tampone at ktampone@cnybj.com
