© 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
Novel Biological Medicines
Innovation
01/03/2016Novel Biological Medicines

Batavia Biosciences focuses on accelerating the transition of novel biological medicines from laboratory bench to the clinic with improved success and lower cost.

Read Full PostRead - Eye Icon
Makersite Masters
News
05/02/2020Makersite Masters

It’s a time of intensive change for companies with the complexity of product manufacturing and customer expectation are rising exponentially, and rapidly beyond the control of the businesses that are in charge of running them. Offering a solution to this see

Read Full PostRead - Eye Icon
Why are Passwords Bad for Business?
News
10/01/2022Why are Passwords Bad for Business?

Would you believe that 87 per cent of internet users have found themselves locked out of an account at some stage? This surprising statistic highlights how passwords are the thorn in the sides of many people online.

Read Full PostRead - Eye Icon
Top 4 Innovations That You Need to Include in Your Business in 2022
Innovation
31/01/2022Top 4 Innovations That You Need to Include in Your Business in 2022

Innovation is a critical component of any successful business. By 2022, businesses that fail to embrace innovation will find themselves at a disadvantage compared to those that do.

Read Full PostRead - Eye Icon
Six Important Tips to Build Local Awareness for Your Brand
News
04/09/2023Six Important Tips to Build Local Awareness for Your Brand

Business branding is not a new concept for local businesses. Every business wants to enhance the overall perception of their brand, product, or service. However, it can be a hard endeavor to achieve when you have so much competition around you. In such circums

Read Full PostRead - Eye Icon
OPKO Health Acquires EirGen Pharma
M&A
28/05/2015OPKO Health Acquires EirGen Pharma

OPKO Health Acquires EirGen Pharma

Read Full PostRead - Eye Icon
Ways to Save Legal Expenses Using Outside Counsel
Legal
15/06/2022Ways to Save Legal Expenses Using Outside Counsel

When you have outside counsel it means you are taking services for which you pay only when you use them. When you engage outside counsel, your goal is likely to be how to manage legal expense control. If you have in-house counsel, you will pay whether you use

Read Full PostRead - Eye Icon
How Interactive Event Technology Is Making Experiential Marketing More Measurable
Strategy
21/09/2026How Interactive Event Technology Is Making Experiential Marketing More Measurable

How Interactive Event Technology Is Making Experiential Marketing More Measurable “How do you prove that an experiential marketing campaign actually worked?” For years, this has been one of the more difficult questions facing experiential marketers

Read Full PostRead - Eye Icon
How to Create an Outstanding Branding Strategy in 2023
News
02/03/2023How to Create an Outstanding Branding Strategy in 2023

If you want to survive in a competitive market, you need to carefully think about your branding strategy. Fortunately, many big brands can afford to spend money on different strategies, but this isn’t the case for all brands.



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