March 13, 2015
Berkshire Bank parent acquisition wins seller’s approval
The parent company of Berkshire Bank will take over Springfield-based Hampden Bancorp next month after Hampden’s stockholders approved the sale, the bank announced Thursday.
Hampden said both firms expect the deal to close in April, although it is subject to approval from state and federal regulators.
Berkshire has a branch on the Westborough-Northborough line on the westbound side of Route 9.
The two companies had agreed to an all-stock deal in November valued at $109 million.
The parent firm, Berkshire Hills Bancorp, based in Pittsfield, has been expanding over the last few years, including its 2012 move into Central Massachusetts.
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