October 18, 2018

Mass. Berkshire Bank’s 3Q net jumps

PHOTO | Contributed
PHOTO | Contributed
Berkshire Bank, 16 Albany Turnpike, Simsbury.

Massachusetts lender Berkshire Hills Bancorp, which has a central Connecticut presence, says its expansion into the Boston banking market led to a 40 percent jump in third-quarter net income.

For three months ended Sept. 30, the parent of Berkshire Hills Bank and the bank's Connecticut Region office in Hartford said Thursday it netted $32.2 million, or 70 cents a diluted share, up from $22.9 million, or 57 cents a share, netted the same quarter a year ago.

Berkshire entered Greater Boston through acquisitions and business development.

It ended the quarter with assets of $11.9 billion vs. $9.6 billion a year earlier.

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