© 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
How AZA Law Firm Built a 30-Year Trial Record Since Its 1993 Houston Founding
Legal
14/04/2026How AZA Law Firm Built a 30-Year Trial Record Since Its 1993 Houston Founding

AZA Law Firm opened in July 1993 with two attorneys and a single governing idea: try cases. Joe Ahmad and John Zavitsanos had shared a legal education at the University of Michigan Law School, built early careers at large Houston law firms, and arrived at a co

Read Full PostRead - Eye Icon
Deal of the Year 2014: Yes Bank Raises US$500m through QIP
Finance
02/03/2015Deal of the Year 2014: Yes Bank Raises US$500m through QIP

In May 2014, YES BANK, India’s fourth largest private sector bank, successfully closed a qualified institutions placement to raise US$500m. We take a closer look at this major deal

Read Full PostRead - Eye Icon
Unveiling The Importance Of Employee Communication In A Remote Work Setting
Innovation
29/09/2022Unveiling The Importance Of Employee Communication In A Remote Work Setting

In recent months, there seemed to be a sharper focus on a specific work arrangement, remote working. As its name implies, this means members of the workforce or employees are all working from remote settings, usually from the comfort of their homes. Depending

Read Full PostRead - Eye Icon
Poor Customer Experience Hindering B2B Firms
Finance
09/12/2015Poor Customer Experience Hindering B2B Firms

Majority of B2B Companies Missing Out on Revenue Growth Due to Poor Customer Experience Performance, Accenture Study Finds

Read Full PostRead - Eye Icon
The Business Case for Better UK Paternity Laws
Legal
17/07/2024The Business Case for Better UK Paternity Laws

It’s no secret that more and more of us are choosing not to have children. The UK birth rate has declined to the lowest levels in over a decade, while the average age of parents has hit a record high.

Read Full PostRead - Eye Icon
The Smart Choice
Innovation
13/02/2017The Smart Choice

Remfry & Son is a well-established law firm which continues law practice first established in 1827 by its founder Mr. Henry Oliver Remfry of England U.K. and carried on under the name of Remfry & Son by Mr. Chughtai Mirza Jamiluddin, Advocate. Professional pra

Read Full PostRead - Eye Icon
AXG Group and AHR Private Wealth Announce Merger to Continue Strong Growth In 2020
M&A
22/07/2020AXG Group and AHR Private Wealth Announce Merger to Continue Strong Growth In 2020

International financial advisory firm AHR Private Wealth has today announced an acquisition agreement, subject to local regulatory approval, with London-based AXG Group. The AXG Group companies’ will integrate into the AHR framework, while continuing to prov

Read Full PostRead - Eye Icon
The Main Differences Between Sole Proprietorships & S-Corps
M&A
01/11/2021The Main Differences Between Sole Proprietorships & S-Corps

One of the biggest decisions a self-employed freelancer turned business owner has to make is deciding what type of business entity works best for them. If you’re the only owner of your company, your options often narrow down to two: an S-Corp or sole proprie

Read Full PostRead - Eye Icon
Riverbed: SD-WAN’s Latest Innovator
Innovation
05/12/2016Riverbed: SD-WAN’s Latest Innovator

Riverbed is a leading technology provider which supports applications, websites, networks, data centers, the cloud, and remote offices to work more efficiently.



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