Berkshire Hills Bancorp (BHLB) to Sell 10 New York Branches

Berkshire Hills Bancorp, Inc. (BHLB) announced that its wholly-owned subsidiary Berkshire Bank has entered into an agreement to divest 10 branches in upstate and eastern New York to three separate buyers. Through this strategic move, the company aims to enhance the efficiency and profitability of its overall branch network.The divestiture comprises roughly $485.5 million in deposits and $60.5 million of related residential mortgage and consumer loans. Further, branch premises and equipment are part of the t ...