Berkshire Hills Bancorp Inc. Acquires CBT
Michael P. Daly
PITTSFIELD, Mass. — Berkshire Hills Bancorp, Inc., the parent company of Berkshire Bank, completed its acquisition of CBT – The Connecticut Bank and Trust Company, a $280 million bank with eight banking offices serving the Greater Hartford area.
CBT has been merged into Berkshire Bank, and the Connecticut offices will operate under the name Berkshire Bank – CBT Region.
"We are delighted to welcome the CBT team to the Berkshire Bank family, and we look forward to building on the strong foundation that they have established in Connecticut," Berkshire President and CEO Michael P. Daly said.
Berkshire Bank will maintain CBT's visual identity as well as its name. Additionally, David Lentini, former CBT chairman and chief executive officer, has transitioned to Berkshire Bank as Connecticut regional leader.
Connecticut Bank and Trust has operated branch offices in Glastonbury, Newington, Rocky Hill, Vernon, West Hartford, Windsor and Hartford. These branches will now operate as Berkshire Bank – CBT Region with full systems conversion occurring later this year.