© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Berkshire Hills Completes Hampden Bancorp Acquisition
Posted 22nd April 2015

Berkshire Hills Completes Hampden Bancorp Acquisition

Berkshire Hills Bancorp, Inc. has completed the acquisition of Hampden Bancorp, Inc., and the merger of Hampden Bank into Berkshire Bank.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Berkshire Hills Completes Hampden Bancorp Acquisition

Berkshire Hills Completes Hampden Bancorp Acquisition

View Biography
Image

Acquirer

Berkshire Hills Bancorp, Inc. has completed the acquisition of Hampden Bancorp, Inc., and the merger of Hampden Bank into Berkshire Bank.

“We are pleased to welcome the customers, employees, and shareholders of Hampden to America’s Most Exciting Bank,” stated Berkshire President and CEO, Michael P. Daly.  “This combination creates a strong platform for serving the Springfield area and we are excited about the opportunities for our expanded presence in this market.  We have been working closely with the Hampden team to prepare for this merger and look forward to completing the systems conversion in June.”

Shareholders of Hampden Bancorp as of the close of business on April 17, 2015 will receive 0.81 shares of Berkshire common stock for each share of Hampden stock.  Based on Berkshire’s $27.38 closing stock price as of April 17, 2015, the value of the merger to Hampden shareholders is $22.18 per Hampden share.  Berkshire pays a quarterly shareholder dividend, which was increased to$0.19 per share in the first quarter of 2015.

Berkshire now has over $7 billion in assets and 98 branches serving New England and Central New York, including 18 offices in theSpringfield area.  As a result of the merger, Berkshire’s outstanding common stock has increased to approximately 29.5 million shares, resulting in a market capitalization exceeding $800 million.  Both the Berkshire Bank Foundation and The Hampden Bank Foundation will continue to provide charitable contributions to communities served by Berkshire.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
How to Buy Bitcoin
Finance
10/11/2021How to Buy Bitcoin

Learning how to buy bitcoins involves learning how to buy them in the first place. You can either get it online or from a broker, but learning how to buy them both involve different approaches and methods.

Read Full PostRead - Eye Icon
Investment Management of the Future
News
20/06/2023Investment Management of the Future

EXtrance is revolutionising the real estate fund sector with state-of-the-art technology. The company was founded in 2020 by real estate investment expert, William Lively.

Read Full PostRead - Eye Icon
A Warming Trend:  US Consumers Step into the Sunshine
Finance
12/02/2015A Warming Trend: US Consumers Step into the Sunshine

Mesirow Financial’s Chief Economist says a profound shift has occurred in American consumer confidence.

Read Full PostRead - Eye Icon
Supporting Risk Takers
Finance
15/08/2023Supporting Risk Takers

With a passion for providing its expertise to organisations of all sizes around the world, TaxCoach is a trusted consultancy firm that offers a variety of financial services to help clients succeed in their endeavours.

Read Full PostRead - Eye Icon
How Can Insurance Protect Businesses During Daily Operations?
News
12/01/2023How Can Insurance Protect Businesses During Daily Operations?

What type of business do you run? Is it small or large? Are you self-employed? Whatever your business looks like, it’s worth thinking about the type of cover you’ll need in order to protect you, your employees and your company from any unexpected costs tha

Read Full PostRead - Eye Icon
3 Questions Small Business Owners Should Ask Before Seeking Out a Business Loan
Finance
12/08/20213 Questions Small Business Owners Should Ask Before Seeking Out a Business Loan

If you run a business, no matter the size, there will be a time when you will need to seek financing. Let’s take a look at some questions all business owners should ask before seeking out a business loan.

Read Full PostRead - Eye Icon
4 Tips for Hiring Supervisors for Your Organisation
Legal
30/08/20244 Tips for Hiring Supervisors for Your Organisation

Any business in any industry will arrive at a point when it needs the help of skilled supervisors who can focus on specific aspects of the organisation. Nothing good ever comes out of stretching yourself too thin, so it’s important to look for people who can

Read Full PostRead - Eye Icon
Health and Wealth
Innovation
04/03/2021Health and Wealth

The role of pharmacy benefit managers often goes uncredited within the USA health system. As a third party, acting outside of integrated health systems, it’s easy to see why many organizations can’t employ one focused on their business. This changed thanks

Read Full PostRead - Eye Icon
The Best Business Acquisition Strategies to Help You Achieve Success
News
30/09/2022The Best Business Acquisition Strategies to Help You Achieve Success

‍There are a number of different strategies that businesses can use to acquire other businesses. However, the best strategy for a particular business will depend on a number of factors, including the size and financial condition of the target business,



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow