Berkshire Bank has received approval to close four of its branches in New York state, according to a recent activity report from the Massachusetts Division of Banks.

The branches closing are in the New York communities Marcy, Colonie, Glenville and Wilton. In the same notice, Berkshire also received approval to close one of its branches in Pittsfield, Massachusetts, the former location of its headquarters, and one in Dorset, Vermont.

“As we grow, we continue to look for opportunities to enhance our existing branch network and promote efficiency, while still providing the convenience that your everyday banking needs deserve,” a spokeswoman told the Albany Business Review about the branch closings. “The proximity of other branch locations was a factor to close these four locations and the changing consumer preferences and improvements in financial technology have further spurred the reduction in branches.”

Berkshire recently moved to Boston to position itself as the first regional bank in the city in more than a decade. But the bank has a somewhat unusual layout for a regional bank, with branches in Massachusetts, Connecticut, New Jersey, New York, Pennsylvania and Vermont.

The bank began to more firmly fill in its New England footprint with its planned acquisition of Savings Institute Bank & Trust, which will bolster its Connecticut presence and give Berkshire its first-ever branches in Rhode Island.

Even with the four branch closings, Berkshire will still has 36 offices in New York, according to the FDIC.

Berkshire Bank to Close Four Branches in New York

by Bram Berkowitz time to read: 1 min
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