Photo | Courtesy of Berkshire Bank
Berkshire Bank's executive vice president, chief transformation and strategy officer, Sumant Pustake
February 17, 2023
Former VP at Commerce Bank promoted to Berkshire Bank EVP
By Timothy Doyle
Berkshire Hills Bancorp, Inc., the Boston parent of Pittsfield’s Berkshire Bank, promoted Sumant Pustake from senior vice president to executive vice president, chief transformation and strategy officer.
Prior to the promotion, Pustake oversaw the bank’s corporate development as senior vice president, chief transformation and strategy officer and will continue to do so, as well as overseeing marketing and communications for the bank, according to a Thursday press release from Berkshire.
Prior to joining Berkshire Bank, he served as vice president, head of corporate credit for Worcester’s Commerce Bank and Trust before Berkshire Bank acquired Commerce Bank in 2017.
“Mr. Pustake has played a critical role developing and overseeing the implementation of Berkshire’s Exciting Strategic Transformation (BEST) program,” Berkshire Bank President and COO Sean Gray said in a Thursday press release from the company. “ I'm thrilled to have him taking on this additional leadership role at the Bank, and I’m confident that his far-reaching, innovative experience will help take us to greater heights.”
The announcement comes after former Massachusetts lieutenant governor Karyn Polito was named to the Berkshire Hills Bancorp board of directors on Feb. 2.
Berkshire Bank has 14 offices and more than $2.7 billion in deposits in Central Massachusetts as of June 30, according to the Federal Deposit Insurance Corp. The company controls approximately $11.3 billion in assets.
Berkshire Bank is the sixth largest bank in Central Massachusetts, as ranked by local deposits.
Berkshire Hills Bancorp trades on the New York Stock Exchange and as of Friday morning has a market capitalization of $1.35 billion.
WBJ Web Partners
Most Recent
Most Recent
0 Comments