© 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
BCMS boosts Asia Pacific presence with Hong Kong office launch
Strategy
30/03/2015BCMS boosts Asia Pacific presence with Hong Kong office launch

BCMS boosts Asia Pacific presence with Hong Kong office launch.

Read Full PostRead - Eye Icon
Forex Trading for Passive Income: Is It Possible?
News
29/09/2023Forex Trading for Passive Income: Is It Possible?

In a world driven by financial dreams and the quest for economic independence, creating passive income has emerged as a guiding light for many. People tirelessly search for avenues to accumulate wealth that don’t hinge solely on their daily toil. Introdu

Read Full PostRead - Eye Icon
Has the pandemic been the nudge law needs to finally go digital?
Legal
30/07/2020Has the pandemic been the nudge law needs to finally go digital?

Ian Carr, CEO of leading Ipswich-based law firm Prettys, explains how the legal field has survived during the pandemic and why this shows the legal system needs to continue to be digitalised.

Read Full PostRead - Eye Icon
Dow Jones Prediction
News
23/03/2023Dow Jones Prediction

As we enter the new year, investors are looking for signs of what's to come in the markets. One of the most closely watched indices is the Dow Jones Industrial Average (DJIA), which measures the stock performance of 30 large US companies.

Read Full PostRead - Eye Icon
The American Dream
Leadership
30/03/2022The American Dream

For potential business owners, franchising is the ideal way to open the door to independence. The team at Frannexus are specialists in the field, offering their unparalleled knowledge to support clients.

Read Full PostRead - Eye Icon
5 Key Trade Compliance Trends in 2025
News
23/04/20255 Key Trade Compliance Trends in 2025

Trade compliance is set to become even more challenging in 2025. The focus for many organisations will shift to adapting strategies that address geopolitical tensions, sustainability and ensuring compliance systems and tools are fit for purpose.

Read Full PostRead - Eye Icon
Compliance Management Essentials for Banks
News
28/06/2024Compliance Management Essentials for Banks

Regarding compliance, banks must uphold a higher standard than other business organizations. Simply put, banks carry the burden of much more stringent regulations that (if ignored) can result in significant monetary penalties. Let’s take a closer look at

Read Full PostRead - Eye Icon
MDJ and Partners – Certified Public Accountants
Finance
21/10/2015MDJ and Partners – Certified Public Accountants

With 14 years’ experience in various disciplines of institutional management consultancy services, accounting, internal auditing, external auditing and assurance service delivery, MDJ and Partners and its Parent firm, MDJ Associates Ltd are among the fastest

Read Full PostRead - Eye Icon
How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19
Finance
30/03/2020How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19

Physical contact is the primary culprit behind the unmitigated spread of COVID-19, also known as the novel coronavirus. This is why authorities all over the world are scrambling to lessen overall person-to-person contact in people’s day-to-day interactions.



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