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Friday, November 27, 2009, 1:50PM ET - U.S. Markets closed early today. Dow Down 1.48% Nasdaq Down 1.73%
Berkshire Hills Bancorp Inc. (BHLB)At 1:00PM ET: 18.50  Down 0.76 (3.95%)  
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Berkshire Hills Bancorp Inc.
24 North Street
Pittsfield, MA 01201
United States - Map
Phone: 413-443-5601
Fax: 413-443-3587
Web Site: http://www.berkshirebank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Savings & Loans
Full Time Employees:610

BUSINESS SUMMARY 
Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides commercial and consumer banking services to individuals, businesses, not-for-profit organizations, and municipalities in western Massachusetts, southern Vermont, and northeastern New York. The company accepts various deposit accounts, including interest-bearing checking, non interest-bearing checking, regular savings, money market savings, time certificates of deposit, and checking and NOW accounts. Its loan portfolio comprises fixed-rate and adjustable-rate residential mortgage loans; commercial mortgages on properties used for business purposes, such as small office buildings, industrial, healthcare, lodging, recreation, and retail facilities; commercial business loans, including revolving loans, lines of credit, letters of credit, time notes, and small business administration guaranteed loans; and consumer loans comprising prime indirect automobile loans and home equity loans. In addition, the company offers electronic banking, cash management, and other transaction and reporting services; interest rate swap contracts to commercial customers; and wealth management services including trust, financial planning, and investment services, as well as operates as an agent for lines of property and casualty, life, disability, and health insurance. As of December 31, 2008, it operated 39 banking offices and 10 insurance offices. The company was founded in 1846 and is headquartered in Pittsfield, Massachusetts.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    Berkshire Hills Bancorp Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 66.5% of Russell 3000 companies and 76.9% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael P. Daly , 47
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Berkshire Bank, Pres of Berkshire Bank, Director of Berkshire Bank, Chief Exec. Officer of Greater Berkshire Foundation and Pres of Bank Foundation
    $ 600.00K $ 0
    Mr. Kevin P. Riley , 49
    Chief Financial Officer, Principal Accounting Officer, Exec. VP, Sec., Treasurer, Chief Financial Officer of Berkshire Bank, Principal Accounting Officer of Berkshire Bank, Exec. VP of Berkshire Bank, Sec. of Berkshire Bank and Treasurer of Berkshire Bank
    $ 330.00K $ 0
    Mr. Michael J. Oleksak , 50
    Exec. VP of Commercial Banking and Pres of Pioneer Valley Region
    $ 295.00K $ 0
    Mr. Shepard Rainie , 56
    Chief Risk Officer and Exec. VP
    $ 230.00K $ 0
    Mr. Michael Carroll ,
    Sr. VP and Commercial Regional Exec. of New York Capital Region
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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