Berkshire Hills Bancorp, Inc., Pittsfield to acquire Hampden Bancorp, Inc., Springfield
Overview of Berkshire Hills Bancorp, Inc., Pittsfield to acquire Hampden Bancorp, Inc., Springfield
The Commonwealth of Massachusetts Board of Bank Incorporation and the Division of Banks
Berkshire Hills Bancorp, Inc. (Petitioner), Pittsfield, Massachusetts, has petitioned the Board of Bank Incorporation (Board) pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire Hampden Bancorp, Inc. (Hampden), Springfield, Massachusetts in a multi-step transaction. Hampden is the holding company for Hampden Bank, Springfield, Massachusetts. The Petitioner is the holding company for Berkshire Bank, Pittsfield, Massachusetts.
An application has also been filed with the Division of Banks for approval of the subsequent merger of Hampden Bank with and into Berkshire Bank. As part of this merger transaction, Hampden Bank intends to petition to close its branch offices located at: (1) 475 Longmeadow Street, Route 5, Longmeadow; (2) 977 Boston Road, Route 20, Springfield; and (3) 1500 Main Street, Springfield.
In determining whether or not to approve these petitions the Board and Division must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A public hearing will be given to all interested parties on the petitions before the Board on Thursday, March 5, 2015 at 10:00 a.m., 1000 Washington Street, First Floor, Hearing Room 1E, Boston, Massachusetts.
All comments concerning these petitions, however, must be filed with the Board or the Division by the close of business on Monday, March 16, 2015 at the following address. The applications and all communications relative to these matters are available for public inspection at the Division at 1000 Washington Street, 10th Floor, Boston, MA 02118-6400.
Board of Bank Incorporation
David J. Cotney
Commissioner of Banks
Deborah B. Goldberg
Treasurer and Receiver-General
Commissioner of Revenue
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Written comments accepted until March 16, 2015.