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.
(Sponsored)
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Written Contracts for Freelance Workers Now Required
Originally planned for May, the requirements of New York State’s Freelance Isn’t Free Act (“FIFA”) became effective August 28, 2024. The law has flown under the radar for many employers. The
Contact Tampone at ktampone@cnybj.com
