Berkshire Bank

Type| Subsidiary
Industry| Banking
Founded| February 6, 1846; 180 years ago (1846-02-06) in Pittsfield, Massachusetts
Headquarters|

Boston, Massachusetts

United States

Number of locations

| 83 branches

Key people

|  Nitin J. Mhatre, CEO
Sean A. Gray, president and COO
Brett Brbovic, CFO
Revenue|  US$469.24 million (2018)[1]

Operating income

|  US$133.41 million (2018)[1]

Net income

|  US$105.77 million (2018)[1]
Total assets|  US$12.212 billion (2018)[1]
Total equity|  US$1.553 billion (2018)[1]

Number of employees

| 1,917 (2018[1])
Parent| Berkshire Hills Bancorp
Divisions| Commerce Bank & Trust Company
Website| berkshirebank.com

Berkshire Bank was an American bank based in Boston, Massachusetts that operated branches in New England, and New York; it was the third largest regional bank headquartered in Massachusetts.[2][3] After a merger with Brookline Bancorp, the new entity is called Beacon Bank.

## History

The company was founded on February 6, 1846, as Berkshire County Savings Bank.[4] In 1997, a year before James A. Cunningham Jr. was named president and CEO,[5] the bank acquired Great Barrington Savings Bank and changed its name to Berkshire Bank.[5]

It later acquired Woronoco Savings Bank (2005), Factory Point National Bank (2007),[6] Rome Savings Bank[7] and Legacy Banks (2011),[8] Connecticut Bank & Trust Company[9] and Beacon Federal Bank (2012),[10] Hampden Bank (2015)[11] and First Choice Bank (2016).[12]

In November 2017, the year it acquired Commerce Bank & Trust Company,[13] the firm signed a lease for a new headquarters at 60 State Street in Government Center, Boston.[14] On November 26, 2018, Richard Marotta became chairman and CEO of Berkshire Hills Bancorp after Michael Daly resigned from those roles.[15]

On August 20, 2020, a year after SI Financial Group was acquired by the bank,[2] Marotta resigned as CEO of Berkshire Hills Bancorp, whose chairman, Sean Gray, took over the role.

On January 25, 2021, the board of directors announced that Nitin J. Mhatre had been appointed CEO, effective January 29. It was also announced that Gray, who had been serving as acting CEO, would continue to serve as president and COO of the bank.[16]

On September 1, 2025, Berkshire Hills Bancorp, the bank holding company parent of Berkshire Bank, merged with Brookline Bancorp, the holding parent of Brookline Bank, Bank Rhode Island, and PCSB Bank (which serves the lower Hudson Valley in New York state).[17][18] The new Beacon Financial Corporation is traded on the NYSE under the symbol "BBT"; the individual banks are expected to be rebranded "Beacon Bank" and customer service systems combined in early 2026.[17]

## References

1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Berkshire Hills Bancorp 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1108134/000110813419000002/bhlb-20181231x10k1.htm.
2. ↑ 2.0 2.1 "Berkshire Hills Completes SI Financial Group, Inc. Acquisition" (Press release). PRNewswire. May 17, 2019. Retrieved August 25, 2019.
3. ↑ Murtishi, Alban (October 17, 2017). "Berkshire Bank completes acquisition of 16 Commerce Bank branches in Worcester and Boston area". http://www.masslive.com/news/worcester/index.ssf/2017/10/berkshire_hills_will_take_over.html#incart_river_home. Retrieved October 18, 2017.
4. ↑ "FDIC Bank Info: Berkshire Bank (FDIC # 23621)". Federal Deposit Insurance Corporation. https://research.fdic.gov/bankfind/detail.html?bank=23621&name=Berkshire Bank&searchName=&searchFdic=&city=&state=&zip=&address=&tabId=2.
5. ↑ 5.0 5.1 Lane, Bill (July 13, 1998). "Former teller appointed CEO of Berkshire Bank". American City Business Journals. https://www.bizjournals.com/boston/stories/1998/07/13/newscolumn3.html.
6. ↑ "Berkshire Hills Bancorp Completes Acquisition of Factory Point Bancorp" (Press release). September 21, 2007.
7. ↑ "Berkshire Hills Completes Acquisition of Rome Bancorp and Reports Final Merger Consideration" (Press release). PRNewswire. April 1, 2011.
8. ↑ "Berkshire Hills Completes Legacy Acquisition" (Press release). PRNewswire. July 21, 2011.
9. ↑ "Berkshire Hills Completes Acquisition Of CBT" (Press release). PRNewswire. April 20, 2012.
10. ↑ "Berkshire Hills Completes Beacon Acquisition" (Press release). PRNewswire. October 19, 2012.
11. ↑ "Berkshire Hills Completes Hampden Bancorp Acquisition" (Press release). PRNewswire. April 17, 2015.
12. ↑ "Berkshire Hills Completes First Choice Bank Acquisition" (Press release). PRNewswire. December 5, 2016.
13. ↑ "Berkshire Hills Completes Commerce Bancshares Corp. Acquisition" (Press release). PRNewswire. October 16, 2017.
14. ↑ Sperance, Cameron (November 2, 2017). "Berkshire Bank's Boston HQ Move Confirmed". Bisnow Media. https://www.bisnow.com/boston/news/office/berkshire-banks-boston-hq-move-confirmed-81110.
15. ↑ Ryan, Greg (2019-11-28). "Analyst: Berkshire Bank employees complained of 'toxic' environment in letter". Boston Business Journal. https://www.bizjournals.com/boston/news/2018/11/28/analyst-berkshire-bank-employees-complained-of.html.
16. ↑ "Berkshire Hills Bancorp, Inc. Names Nitin Mhatre Chief Executive Officer" (in en-US). https://ir.berkshirebank.com/news-events/press-releases-news/news-details/2021/Berkshire-Hills-Bancorp-Inc.-Names-Nitin-Mhatre-Chief-Executive-Officer/default.aspx.
17. ↑ 17.0 17.1 Berkshire Hills Bancorp and Brookline Bancorp Receive Regulatory Approvals for Merger of Equals to form Beacon Financial Corporation
18. ↑ "Berkshire and Brookline banks complete merger under new name, Beacon Bank - The Boston Globe" (in en-US). https://www.bostonglobe.com/2025/09/03/business/berkshire-brookline-bank-beacon-financial/.

## External links

*   * Business data for Berkshire Bank:

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