ISBC - FDIC OKs Investors Bank's acquisition of 8 Berkshire Bank branches

Federal Deposit Insurance Corporation or FDIC approves Investors Bank's (part of Investors Bancorp) (NASDAQ:ISBC) acquisition of the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank (NYSE:BHLB) Acquisition is expected to be completed on August 27, 2021. Transaction includes the assumption and acquisition of approximately $633M of deposits and $253M of consumer and commercial loans, together with the related operations.

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FDIC OKs Investors Bank's acquisition of 8 Berkshire Bank branches