© 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
The Global Tax [r]Evolution
Finance
14/10/2015The Global Tax [r]Evolution

One of the consequences of operating in an increasingly globalised and digitalised world, is that borders blur and taxing rights between countries become a hotly contested topic.

Read Full PostRead - Eye Icon
4 Basics of Boosting Employee Morale
Leadership
15/11/20224 Basics of Boosting Employee Morale

Behind any organization and company's success is a team of happy, healthy, and satisfied employees. Any business with high employee morale tends to enjoy a healthy work culture and well-engaged employees and won't have any problem sourcing or attracting the be

Read Full PostRead - Eye Icon
Hair Raising!
Leadership
30/10/2017Hair Raising!

Hair Raising!

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
Compliance Risks: 5 Examples and Solutions
News
29/06/2022Compliance Risks: 5 Examples and Solutions

Compliance risk, also known in some regions as "integrity risk", is a business's potential to be exposed to monetary fines, legal penalties, material losses, etc. All this is caused by a failure to comply with the parameters set by the industry’s best practi

Read Full PostRead - Eye Icon
Pictures Worth A Thousand Words
Innovation
28/07/2022Pictures Worth A Thousand Words

The realm of photography is a wild, free, and passion-filled industry that enables people to express themselves – from behind the camera to in front of it.

Read Full PostRead - Eye Icon
How To Streamline Your Sales Engagement Process
Strategy
11/01/2023How To Streamline Your Sales Engagement Process

Every business organisation aims to improve its efficiency. Business growth and success majorly depend on the efficiency of processes. And one of them is sales engagement.   Apart from increasing efficiency, a streamlined sales engagement process enhances pro

Read Full PostRead - Eye Icon
Creating A Lead Generation Strategy From Cold To Hot Leads
News
05/09/2022Creating A Lead Generation Strategy From Cold To Hot Leads

The lifeblood of any business is finding new clientele while retaining your old ones.  Customers are like the focal point where the two arms of a business rest. On the one side are new customers; on the other are returning customers. 

Read Full PostRead - Eye Icon
How To Give An Effective Business Presentation
Leadership
10/08/2021How To Give An Effective Business Presentation

A corporate presentation should have an interesting subject given with passion. Here we look at what can make your presentation stand out and give you that edge.



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