Mhatre Marks First Year As CEO
In his first year helming Berkshire Bank, CEO Nitin Mhatre has had to steer the bank through challenging waters as he and other senior leadership tried to rescue it amid the uncertainty of the COVID-19 pandemic.
Berkshire Bank to Nominate HoldCo Co-Founder to Board
A month after an investor publicly criticized Berkshire Bank for hiring a new CEO instead of pursuing a sale, the bank has agreed to cooperate with the investor, a move that will see the asset management firm’s co-founder nominated to Berkshire’s board of directors.
Berkshire Bank Responds to Shareholder
After an investor last week publicly questioned Berkshire Bank’s decision to hire a new CEO, the bank issued a statement today explaining the reasons for the hiring and confirming it has contacted the investor.
Berkshire Bank’s Earnings Drop in the Fourth Quarter
Berkshire Bank had positive earnings for the second straight quarter, but net income was still down as the bank continues to deal with the effects of the pandemic.
Nitin Mhatre Named Berkshire Bank’s New CEO
Berkshire Bank has named Nitin Mhatre its new CEO. Mhatre was head of Webster Bank’s community bank until October.
Mhatre Out as Webster’s Head of Community Banking
Webster Bank has ended Nitin Mhatre’s tenure as head of community banking in a move that could point to challenges facing community banking.
