Tranche Update on Berkshire Hills Bancorp, Inc.'s Equity Buyback Plan announced on April 29, 2019.
January 27, 2020 at 04:49 pm
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From October 1, 2019 to December 31, 2019, the company has repurchased 815,628 shares, representing 1.63% for $25.5 million. With this, the company has completed the repurchase of 1,725,628 shares, representing 3.45% for $53.17 million under the buyback announced on April 29, 2019.
Berkshire Hills Bancorp, Inc. is a holding company for Berkshire Bank (the Bank). The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The Company's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.
BERKSHIRE HILLS BANCORP, INC. 
