Berkshire Hills Completes First Choice Bank Acquisition

Berkshire Hills Bancorp, Inc. (NYSE: BHLB) has completed the acquisition of First Choice Bank and the merger of First Choice Bank into Berkshire Bank, effective at the close of business on December 2, 2016. As a result of this merger, First Choice Loan Services Inc. has become a wholly-owned operating subsidiary of Berkshire Bank. “We’re pleased to welcome customers, employees and shareholders of First Choice to America’s Most Exciting Bank,” stated Berkshire CEO Michael P. Daly. “This combination diversifies our revenue sources, improves our profitability after integration, and complements our other franchise growth initiatives as we expand into attractive banking markets in central New Jersey and eastern Pennsylvania. We’ve been working closely with the First Choice team to prepare for this merger and look forward to completing the systems conversion in February.” Read more about Berkshire Bank’s acquisition >>

 

2017-08-04T16:00:38-04:00December 16th, 2016|Categories: News|Tags: |