8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 13, 2021

BERKSHIRE HILLS BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-15781	04-3510455
(State or Other Jurisdiction) of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

60 State Street, Boston, Massachusetts	02109
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (800) 773-5601, ext. 133773

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common stock, par value $0.01 per share	BHLB	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Item 8.01   Other Events.

On September 13, 2021, Berkshire Hills Bancorp, Inc. (the “Company”), the holding company for Berkshire Bank (the “Bank”), announced that it had completed its previously announced stock repurchase program. The Company repurchased 2,500,000 shares of its common stock at an aggregate price of $68.7 million, or an average price of $27.48 per share.

On September 13, 2021 the Company announced that the Bank has hired Lucia Bellomia as EVP, Head of Retail Banking. The full text of the news release is attached as Exhibit 99.1 to the Form 8-K and is incorporated by reference.

Item 9.01   Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired.  Not applicable.

(b) Pro Forma Financial Information.  Not applicable.

(c) Shell Company Transactions.  Not applicable.

(d) Exhibits.

Exhibit No. Description

99.1 News Release dated September 13, 2021

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		Berkshire Hills Bancorp, Inc.
DATE: September 13, 2021	By:	/s/ Wm. Gordon Prescott
		Wm. Gordon Prescott Executive Vice President and General Counsel

EX-99.1

EXHIBIT 99.1

Berkshire Hills Bancorp Announces Lucia “Lucy” Bellomia

Hired As Executive Vice President, Head of Retail Banking

BOSTON – September 13, 2021 – Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced the Bank has hired Lucia “Lucy” Bellomia as EVP, Head of Retail Banking. Ms. Bellomia has over 20 years of experience in the financial industry, most recently as the Executive SVP, Community Banking, Northeast Region, for Bank of America.

Lucia “Lucy” Bellomia

“We are delighted to welcome Lucy to the Berkshire family as we work to strengthen our retail franchise further. She’s an accomplished Retail Banking executive with a keen focus on customer and banker experience and has a solid track record of deepening relationships and driving profitable growth,” said Nitin Mhatre, CEO of Berkshire Bank. “Lucy’s values-guided, community-dedicated orientation and her strong ethics, clear vision and positive energy make her the ideal candidate to lead our retail banking network and deposits franchise into the future through our BEST program.”

Ms. Bellomia will oversee the retail branch network, branch training, the MyBanker program, Call Center, Branch Operations, Retail Sales and Service Delivery. She will report directly to CEO Nitin Mhatre.

"I’m proud to be joining the Berkshire Bank leadership team at this pivotal moment to help it deliver on the goals of its BEST plan and enhance our customers’ experience. Community banks play a pivotal role in the ecosystem of our local economies, and I’ve long admired Berkshire Bank for its commitment to our neighborhoods and operating in a socially responsible manner, said Ms. Bellomia.

Before joining Berkshire Bank, Ms. Bellomia held positions at the Police and Fire Credit Union in Philadelphia, Santander Bank, PNC Bank, and Sun National Bank. She started her career in banking at Pioneer Savings and Loans as a Teller.

Ms. Bellomia is a graduate of the University of Catania in Catania, Sicily, Italy. She is a native of Italy and is fluent in Italian. Ms. Bellomia is a former board member of the New Jersey Association of Women Business Owners, a member of the New Jersey and Pennsylvania Bankers Association, and the Puerto Rican Association for Human Development. An active community member, she volunteers with several charities including Cradle 2 Crayons, Habitat for Humanity, and the Ronald McDonald House.

ABOUT BERKSHIRE HILLS BANCORP

Berkshire Hills Bancorp is the parent of Berkshire Bank, which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.7 billion in assets and operates 107 branch offices in New England and New York, and is a member of the Bloomberg Gender-Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram, and LinkedIn.

FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. You can identify these statements from the use of the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions. There are many factors that could cause actual results to differ significantly from expectations described in the forward-looking statements. For a discussion of such factors, please see Berkshire's most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC's website at www.sec.gov. Accordingly, you should not place undue reliance on forward-looking statements, which reflect our expectations only as of the date of this document. Berkshire does not undertake any obligation to update forward-looking statements.

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CONTACTS

Investor Relations Contacts:

Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail:KAConn@berkshirebank.comTel: (617) 641-9206

David Gonci, Capital Markets DirectorEmail: dgonci@berkshirebank.comTel: (413) 281-1973

Media Contact:

Gary Levante, SVP, Corporate Responsibility & CultureEmail:glevante@berkshirebank.comTel: (413) 447-1737

XML

Document and Entity Information	Sep. 13, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 13, 2021
Entity Registrant Name	BERKSHIRE HILLS BANCORP, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-15781
Entity Tax Identification Number	04-3510455
Entity Address, Address Line One	60 State Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02109
City Area Code	800
Local Phone Number	773-5601
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001108134
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	BHLB
Security Exchange Name	NYSE