On August 24, 2021, Berkshire Hills Bancorp, Inc. entered into an agreement to sell its insurance subsidiary, Berkshire Insurance Group, Inc., to Brown & Brown of Massachusetts, LLC.
Berkshire Hills Bancorp, Inc. is the holding company of Berkshire Bank, which operates 115 banking offices primarily in New England and New York. Berkshire Hills Bancorp, Inc. has approximately $12.3 billion in assets.
Brown & Brown, Inc. is an insurance brokerage firm with more than 11,000 teammates in more than 300 locations across the U.S. and select global markets.
Luse Gorman served as legal counsel to Berkshire Hills Bancorp, Inc. in the transaction. The Luse Gorman team consisted of Marc Levy and Joseph Daly.
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.