© 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
Considerations When Securing a Loan Against Your Property
Finance
15/10/2020Considerations When Securing a Loan Against Your Property

Securing a loan against your property for any reason comes with a degree of risk by its very nature. Some loans such as mortgages will of course need to be secured against a property, whereas in other cases, you may not need to secure the loan against bricks a

Read Full PostRead - Eye Icon
Emerging Human-Centric Sectors: Why Mental Health and Counseling Skills Are Becoming Business Essentials
News
22/07/2025Emerging Human-Centric Sectors: Why Mental Health and Counseling Skills Are Becoming Business Essentials

In a time when strategy and innovation rule boardroom discussions, a more subdued change is occurring in all sectors: a move toward goals that are more focused on people. Businesses no longer only concentrate on technology, data, and infrastructure. They are i

Read Full PostRead - Eye Icon
Coca-Cola to Acquire Chinese Beverage Firm for $400.5 Million
Finance
22/04/2015Coca-Cola to Acquire Chinese Beverage Firm for $400.5 Million

Coca-Cola Co., the world’s largest beverage company, will buy China’s Xiamen Culiangwang Beverage Technology Co. for about $400 million in cash, gaining a line of plant- based protein drinks in a renewed push into the Asian market.

Read Full PostRead - Eye Icon
King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel
Legal
10/06/2015King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

Read Full PostRead - Eye Icon
The Leadership Mistake That Stops Teams Performing at Their Best
Leadership
22/04/2026The Leadership Mistake That Stops Teams Performing at Their Best

In this exclusive interview with the Motivational Speakers Agency, Ian Windle reflects on what defines high-performing teams, why growth happens outside comfort, and how leaders can bring clarity and honesty to organisations when uncertainty starts to bite.

Read Full PostRead - Eye Icon
Direct-to-Consumer Healthcare Solutions
News
17/01/2024Direct-to-Consumer Healthcare Solutions

Founded in 1995, Precision is a data and technology driven solutions company that provides end-to-end marketing and creative services to pharmaceutical companies. Precision offers clients streamlined solutions that promote, market, and sell their products dire

Read Full PostRead - Eye Icon
Duff & Phelps acquisition of American Appraisal
Finance
19/03/2015Duff & Phelps acquisition of American Appraisal

Duff & Phelps Corporation, the premier global valuation and corporate finance advisor, has announced that it has acquired American Appraisal Associates, Inc., a global full-service valuation and fixed asset management advisor. The transaction bolsters Duff & P

Read Full PostRead - Eye Icon
3 Ways to Implement Modernity in Your Transportation Business
Innovation
21/12/20213 Ways to Implement Modernity in Your Transportation Business

The business of transportation is hardly new, however, some of the newest businesses to emerge onto the scene have models and processes that their predecessors do not. Even though this industry will for the most part always be an essential sector of business,

Read Full PostRead - Eye Icon
What are the Alternatives to Small Business Loans?
News
28/04/2023What are the Alternatives to Small Business Loans?

Small business loans are a type of financing designed to provide financial assistance to small businesses. These loans can be used to cover various business expenses, such as purchasing equipment and inventory, or expanding the 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