Introduction
Since the outbreak of the COVID-19 pandemic the share prices of banks have been hit hard as the economic crisis results in uncertainty regarding loan repayment schedules. Although government programs have resulted in initial repayment deferrals, several deferrals will be coming to an end soon and the risk to end up with non-performing loans on the balance sheet is increasing. During my journey to find some cheap regional banks, I stumbled upon Berkshire Hills Bancorp (BHLB). The regional bank focusing on the Northeast appears to be trading very cheap at less