One year after closing branch locations in Marlborough and Westborough, Boston-based Berkshire Bank has sold the properties to an Auburn-based real estate investment firm.
Pittsfield-based Berkshire Bank will permanently close two Central Massachusetts branches in Westborough and Marlborough, according to the June 30 activity report by the Massachusetts Division of Banks and Board of Bank Incorporation.
Boston development firm WinnCompanies has entered an agreement to purchase 390 Main St. in Worcester in order to create a mixed-use, mixed-income development.
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.
The chief financial officer of Berkshire Bank, Subhadeep Basu, abruptly resigned from his position on Oct. 7 after 19 months on the job, the Boston-based financial institution announced Thursday.
Berkshire Bank, headquartered in Boston with locations throughout Central Massachusetts, has furthered its partnership with New York financial technology firm Narmi, to operate the bank's app and websites.