- Berkshire Bank and its parent Berkshire Hills Bancorp ( NYSE: BHLB ) said Thursday that Subhadeep Basu has resigned from his role as chief financial officer, effective October 7, for personal reasons and to pursue other career interests.
- From now through December 31, Basu has agreed to make himself available as an advisor to the the BHLB to help with transition matters, the companies said.
- As BHLB and Berkshire Bank are in the process of searching for a new CFO, they have named Brett Brbovic, who previously served as senior vice president and chief accounting officer since 2015, as interim CFO starting October 7.
- Brbovic first joined BHLB and Berkshire Bank from KPMG in 2012.
- BHLB stock wrapped up Thursday's session with a 4.7% gain amid a broader risk-on day, and rose 11.5% in the past year.
- In July, Berkshire Hills Bancorp declares $0.12 dividend .
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Berkshire Hills Bancorp's Subhadeep Basu steps down from CFO role