Berkshire Bancorp recently completed its acquisition of 20 Bank of America branches located throughout eastern and central New York.

"Our expanded footprint in New York will benefit both existing and new customers through enhanced convenience and active community support, while improving the quality and value of our franchise.  With the help of our regional leaders, we look forward to building upon the momentum in these markets," Chairman and CEO Michael Daly said in a statement.

Along with the branches, Berkshire also acquired $450 million in deposits and $4 million in loans. The deal, which was completed on Jan. 17, brings Berkshire Bank’s footprint to 91 branches across New England and New York.

Berkshire paid a deposit premium of 2.25 percent, or roughly $14.4 million, for the acquisition, which will increase its market share in the Central New York region from 5 to 8 percent. Bank of America is fully exiting those counties where the 20 branches are located.

Those branches are situated in the towns of Amsterdam, Cairo, Chatham, Glens Falls, Greenville, Hudson, Ilion, Johnstown, Little Falls, New Hartford, New Lebanon, Queensbury, Utica, West Winfield and Whitesboro.