© 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
Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year
Finance
16/04/2015Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year

64% of UK companies have reported higher or much higher revenues than a year ago, in a new survey commissioned by American Express.

Read Full PostRead - Eye Icon
Analyzing Divestiture Opportunities Created by Tariff-Driven Operational Restructuring
News
30/06/2025Analyzing Divestiture Opportunities Created by Tariff-Driven Operational Restructuring

Tariffs have always impacted business strategies. However, as new trade barriers intensify, companies must reexamine their operations and supply chains.

Read Full PostRead - Eye Icon
Ethical Leadership: The Cornerstone of Trust in Managerial Roles
News
18/03/2024Ethical Leadership: The Cornerstone of Trust in Managerial Roles

Nowadays, ethical leadership has become more than simply a catchphrase; it is the cornerstone around which any organizational structure is based. Prioritizing moral behavior and judgment as a manager has a snowball effect that improves team relationships, upho

Read Full PostRead - Eye Icon
Economic Treats
Finance
16/07/2015Economic Treats

Having worked in Financial Intelligence for over 20 years, Nevyan have been involved in a number of ‘High Level’ investigations, where the use of Offshore Vehicles has become common place to hide assets and moreover purchase Land and Property in key market

Read Full PostRead - Eye Icon
Navigating the Transformation of Online Payments in 2023
Finance
24/08/2023Navigating the Transformation of Online Payments in 2023

One of the biggest developments is the constant change in payment preferences, as new and innovative payment methods enter the scene.

Read Full PostRead - Eye Icon
India: The Rise  of a Sleeping Giant
Finance
02/10/2015India: The Rise of a Sleeping Giant

Lancers Network Limited is South Asia’s leading risk consulting firm, operating in the high-on-risk countries of the region and other parts of the world including Middle East and Asia Pacific countries.

Read Full PostRead - Eye Icon
Why Do Students Pay for Essays?
News
11/01/2023Why Do Students Pay for Essays?

In the Western educational system, including universities in the United States, essays are considered to be one of the most common types of written assignments. Such papers teach high school students to reason, draw conclusions, and make their points of view.

Read Full PostRead - Eye Icon
Within The Financial Space, What Is A Security?
Finance
14/01/2019Within The Financial Space, What Is A Security?

Whilst many have heard the term security before, equally many do not understand its implications as a noun. Within the financial space, a security is, put simply, a certificate or form of declaration which indicates that something is tradable, and therefore ha

Read Full PostRead - Eye Icon
The rise of petrol prices and the global impact it has
Finance
23/04/2019The rise of petrol prices and the global impact it has

The average price of a litre of petrol at the end of 2018 was £1.21 in the UK, whereas a decade ago the figure was closer to £0.89 per litre. Price surges are reflective of steep inflation at various historical points, but what does 2019 hold for our empty t



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