UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 8, 2013
BERKSHIRE HILLS BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware |
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001-15781 |
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04-3510455 |
(State or Other Jurisdiction of Incorporation) |
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(Commission File No.) |
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(I.R.S. Employer Identification No.) |
24 North Street, Pittsfield, Massachusetts |
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01201 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (413) 443-5601
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 8, 2013, George F. Bacigalupo, age 58, was appointed by Berkshire Hills Bancorp, Inc. (the Company) and Berkshire Bank (the Bank) as Executive Vice President of Commercial Banking. Mr. Bacigalupo previously served as Senior Vice President Chief Credit Officer of the Bank from 2011 through the date of his appointment as Executive Vice President of Commercial Banking. Mr. Bacigalupo has over 30 years of lending and commercial banking experience. Prior to joining the Bank, Mr. Bacigalupo was Executive Vice President of Specialty Lending at TD Banknorth. Subsequently, at TD Bank, he was the Senior Lender for New England.
On October 15, 2013, the Company issued a news release regarding Mr. Bacigalupos appointment. A copy of the news release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed filed for any purpose.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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Berkshire Hills Bancorp Inc. News Release Issued on October 15, 2013 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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Berkshire Hills Bancorp, Inc. |
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DATE: October 15, 2013 |
By: |
/s/ Michael P. Daly |
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Michael P. Daly |
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Chairman of the Board, President and Chief Executive Officer |
Exhibit 99.1
Berkshire Hills Names George Bacigalupo EVP Commercial Banking
Pittsfield, MA October 15, 2013 Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that it has appointed George Bacigalupo Executive Vice President - Commercial Banking responsible for business banking, including the asset based lending and leasing business lines. Berkshires Regional Commercial Leaders will now report to Bacigalupo, who reports to Michael Daly, Berkshires President and CEO.
Bacigalupo joined Berkshire in 2011 as Senior Vice President - Chief Credit Officer and has more than 30 years of lending and commercial banking experience. He was EVP of Specialty Lending at TD Banknorth, where he established the ABL and other middle-market lending groups as well as oversaw commercial banking relationships with $5 billion in total committed credit. Subsequently, at TD Bank he was the Senior Lender for New England with the highest lending authority for all commercial relationships.
Mr. Daly stated, We are pleased to have George take on the leadership of our commercial banking team. He has been an integral part of building our credit process, and his experience and leadership capabilities make him an ideal choice. I look forward to working with George as we deepen our commercial market share throughout our New England and New York footprint. George combines large bank experience and local focus which is the combination that positions us to best serve the business credit needs of our region.
Mr. Bacigalupo stated, I am excited to take on this enhanced role at Berkshire. We have great teams in place, a promising footprint, and a brand and culture that combined with our sophisticated financial capabilities can really make a difference in our markets. I see great opportunities for us to continue to grow sound and profitable middle market lending in our region.
Berkshire Hills also announced today the appointment of Michael Carroll, SVP Commercial Regional Leader NY, to Chief Credit Officer, where he will be responsible for the Companys credit underwriting and approval processes. He will report to Richard Marotta, EVP Chief Risk and Administrative Officer. Carroll joined Berkshire in 2009 from KeyBank where he was
SVP Middle Market Lending. He has more than 25 years experience in Commercial and Credit roles in banking, serving New Yorks Capital Region.
Jim Curran, SVP Commercial Regional Leader, will continue to run middle market operations in Central New England and Mark Foster, SVP Asset Based Lending, will maintain leadership of ABL and business banking in Boston. On an interim basis, Robert Curley, Berkshires New York Chairman, will oversee the New York commercial team.
BACKGROUND
Berkshire Hills Bancorp is the parent of Berkshire Bank Americas Most Exciting Bank®. The Company has approximately $5.2 billion in assets and 74 full service branch offices in Massachusetts, New York, Connecticut, and Vermont providing personal and business banking, insurance, and wealth management services.
CONTACTS
Investor Relations Contact
Allison ORourke; Vice President - Investor Relations; 413-236-3149
Media Contact
Ray Smith, Assistant Vice President Marketing; 413-236-3756