Berkshire Retains Key Executives from Savings Institute Acquisition
Berkshire Bank has retained two key executives from its acquisition of Willimantic, Connecticut-based Savings Institute Bank & Trust and added them to its leadership team.
Berkshire to Close on Acquisition of Savings Institute Parent Tomorrow
The parent company of Berkshire Bank has received all regulatory approvals and expects to close on its acquisition of the parent company of Willimantic, Connecticut-based Savings Institute Bank & Trust at the end of the business day tomorrow.
17th Century Hotel Sold On Nantucket
Cranston, Rhode Island-based alternative asset manager Procaccianti Cos. has acquired a pair of boutique hotels on Nantucket for $4.2 million.
Berkshire Acquisition the Latest Target for Serial Lawsuit Shareholder
SI Financial Group, the parent company of Willimantic-based Savings Institute Bank and Trust, disclosed yesterday that Parshall is suing the company in Baltimore County Circuit Court for breaching their fiduciary duties to its stockholders in connection with its impending acquisition by the parent company of Boston-based Berkshire Bank.
Berkshire Bank CEO’s Departure Put Bank’s Purchase of Savings Institute in Question
When Berkshire Bank’s longtime President and CEO Michael Daly abruptly left the bank at the end of November, a storm of questions followed from the media, analysts and other stakeholders. But the departure also put an acquisition that Berkshire had been close to announcing at the time in flux.
