Key Developments For Berkshire Hills Bancorp Inc
Berkshire Hills Bancorp Inc (BHLB.O) (Nasdaq)
Berkshire Hills Bancorp, Inc. Issues Q4 2009 EPS Outlook In-Line With Analysts' Estimates-Conference Call
Berkshire Hills Bancorp, Inc. announced that for the fourth quarter of 2009, it expects EPS of $0.15. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $0.15 for the same period.
Berkshire Hills Bancorp, Inc. Dividend Declared
Berkshire Hills Bancorp, Inc. announced that has maintained the cash dividend on Berkshire's common stock, declaring a dividend of $0.16 per share to stockholders of record at the close of business on November 12, 2009 and payable on November 25, 2009.
Berkshire Hills Bancorp, Inc. Declares Dividend
Berkshire Hills Bancorp, Inc. announced that its Board of Directors has maintained the cash dividend on common stock, declaring a dividend of $0.16 per share to stockholders of record at the close of business on August 6, 2009 and payable on August 20, 2009.
Berkshire Hills Bancorp, Inc. Terminates Merger Agreement with CNB Financial
Berkshire Hills Bancorp, Inc. announced that it has entered into an agreement with CNB Financial Corp. to terminate the definitive merger agreement previously entered into on April 29, 2009. A termination fee payment of $970 thousand has been made to Berkshire.
Berkshire Hills Bancorp, Inc. Maintains Merger Terms With CNB Financial Corp.
Berkshire Hills Bancorp, Inc. announced that it is maintaining its existing merger terms with CNB Financial Corp., the parent of Commonwealth National Bank, headquartered in Worcester, Massachusetts. On May 29, 2009, CNB announced that it is entering into discussions relating to unsolicited acquisition proposals that it has received. CNB affirmed its existing merger agreement with Berkshire, and stated that there can be no assurances that the unsolicited proposals will lead to termination of the existing merger agreement or the execution of a definitive agreement with a different party. In a release dated May 21, 2009, Berkshire and CNB announced revised terms of the merger agreement, which was approved by the Boards of Directors of both companies. CNB stockholders would receive 0.4292 shares of Berkshire common stock for each share of CNB common stock.
