PR Newswire
BOSTON , April 28, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a stock repurchase program pursuant to which the Company may repurchase up to 2,500,000 shares of its common stock through April 30 , 2022. This represents approximately 5% of its outstanding shares as of March 31 , 2021.
The authorization does not constitute a commitment to repurchase shares. The Company may conduct the repurchases through open market purchases, block trades, unsolicited negotiated transactions, pursuant to a trading plan that may be adopted in accordance with Securities and Exchange Commission ("SEC") Rule 10b5-1, or in any other manner that complies with the provisions of the Securities Exchange Act of 1934, as amended.
ABOUT BERKSHIRE HILLS BANCORP
Berkshire Hills Bancorp is the parent of Berkshire Bank , which is committed to purpose-driven, community-dedicated banking and to be the leading socially responsible omni-channel bank in the communities it serves. Headquartered in Boston , Berkshire operates 121 banking offices primarily in New England and New York.
CONTACTS
Investor Relations Contacts
Kevin Conn , SVP, Investor Relations & Corporate Development
Email: KAConn2@berkshirebank.com
Tel: (617) 641-9206
David Gonci , Capital Markets Director
Email: dgonci@berkshirebank.com
Tel: (413) 281-1973
SOURCE Berkshire Hills Bancorp, Inc.