Berkshire Hills Bancorp, Inc. has completed the acquisition of Firestone Financial Corp. Firestone is now known as Firestone Financial, LLC and is operating as a wholly owned subsidiary of Berkshire Bank.
“This partnership brings together two organizations with rich histories and strong values,” said Firestone President and CEO David Cohen. “We both share a deep commitment to our customers, employees and the communities we serve.”
“We are pleased to welcome the customers, employees and shareholders of Firestone to America’s Most Exciting Bank,” stated Berkshire President and CEO Michael P. Daly. “This combination increases the client offerings for both companies, diversifies our loan portfolio and provides a valuable future growth channel.”
“This year marks our 50th year in business and, as we start the next chapter with Berkshire support, we look forward to continuing to grow as Firestone Financial with the same management team, staff and customers that helped us to achieve this amazing milestone,” Cohen added.
Berkshire Hills Bancorp is the parent of Berkshire Bank. The company has approximately $7.5 billion in assets and 93 full-service branch offices in Massachusetts, New York, Connecticut and Vermont.
