On December 2, 2020, Berkshire Bank, Boston, Massachusetts, entered into an agreement to sell its Mid-Atlantic branches, consisting of six offices in New Jersey and two in Pennsylvania, to Investors Bank, Short Hills, New Jersey, subject to customary regulatory approvals.
Investors Bank, which is the wholly-owned subsidiary of Investors Bancorp, Inc., operates 155 branches located throughout New Jersey and New York, with approximately $26.6 billion in assets.
Berkshire Bank, which is the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., operates 130 banking offices in seven Northeastern states, with approximately $12.6 billion in assets.
Luse Gorman has served as counsel on more than 100 financial institution mergers and acquisitions during the past five years, which is more than any other legal advisor during that time period. To learn more about our mergers and acquisitions practice, please visit our website.