Friday, March 06, 2015 12:31pm
North Adams, MA now: 18 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
SIGN IN | REGISTER NOW   

Home About Archives RSS Feed
Follow iBWatercooler on Twitter
Berkshire Bank Acquiring 20 Bank of America Branches
On: 03:04PM / Wednesday July 24, 2013
Important
3
Interesting
0
Funny
1
Awesome
3
Infuriating
3
Ridiculous
3
Bank Presidents Joseph Truskowski, left, and Charles O'Brien announced the merging in September and they expect it to be complete in 2012.

PITTSFIELD, Mass. — The county's largest bank is getting bigger with the addition of 20 retail bank branches in New York.

Berkshire Bank, a subsidiary of Berkshire Hills Bancorp. Inc., has entered into a purchase-and-assumption agreement for bank branches from Bank of America. The branches are located in New York markets within or contiguous to markets currently served by Berkshire.

The acquired branches have approximately $640 million in total deposits and $5 million in loans. Both banks will be working to ensure a seamless transition for customer accounts; employees will transfer over to Berkshire Bank.

This acquisition is subject to regulatory approval from the Federal Deposit Insurance Corp. and the commonwealth of Massachusetts and the satisfaction of customary closing conditions. The acquisition is expected to be completed in the first quarter of 2014.

According to Berkshire, the acquisition will increase its total branch count to 94, and its New York branches to 37. Berkshire has $5.2 billion in assets.

Berkshire CEO Michael Daly said in a statement that the "transaction meets our financial criteria and is expected to contribute to our long-term strategic and financial goals."

Jefferies LLC was financial adviser to Berkshire and Luse Gorman Pomerenk & Schick P.C. was outside legal counsel. A presentation with additional information about the deposit acquisition will be posted on Berkshire's Investor Relations website.



     
Common Good Finance Gets Google Grant
Staff Reports On: 05:39PM / Monday December 12, 2011
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0
Bank Presidents Joseph Truskowski, left, and Charles O'Brien announced the merging in September and they expect it to be complete in 2012.

ASHFIELD, Mass. — The nonprofit Common Good Finance has received a more than a $100,000 a year in free advertising and other services through a Google Grant.

The organization is set to launch its R Credit initiative next year in Greenfield. The "R" in R Credits stands for "Regenerative, Revolutionary, and taking Responsibility" for the local economy.

"It combines features from successful alternative credit systems, adding technology innovations and procedures to ensure a secure, profitable experience for everyone," said William Spademan, president of Common Good Finance, in a statement.

The system is somewhat similar to Berkshares in that it promotes the use of local currency but is designed to be far more reaching in terms of democratic participation in its uses and equal exchange with dollars. 

More information: www.commongoodfinance.com or call 413-628-3336.


     
Financial Writer Weiner Speaking at AIER
By: Staff Reports On: 01:11AM / Sunday September 12, 2010
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0
Bank Presidents Joseph Truskowski, left, and Charles O'Brien announced the merging in September and they expect it to be complete in 2012.

GREAT BARRINGTON, Mass. — The Bookloft and the American Institute for Economic Research are sponsoring an event with financial journalist and local author Eric J. Weiner. Weiner will be at AIER's headquarters Friday, Sept. 24, at 7 p.m. to speak and to sign copies of his new book "The Shadow Market," published by Scribner.

America's economic confidence has been deeply shaken by the Great Recession. But while the media has focused on such factors as consumer-debt levels, unemployment, and the government bailout of banks, an entirely different phenomenon has arisen — the arrival of the "Shadow Market," a multitrillion-dollar network of super-rich, secretive, and largely unregulated financial vehicles that are quietly buying up the world, piece by valuable piece.

Weiner reveals in his new book how these investors, many of them foreign countries, are increasingly controlling the global economy and seizing power from the United States in ways that our government cannot stop and about which the average American knows nothing.

Weiner has covered business and economic issues for 15 years as a writer and editor. A former columnist and reporter for Dow Jones Newswires, he has written for The Wall Street Journal, Los Angeles Times, The Boston Globe, The Village Voice, and countless other major publications. He is the author of the critically acclaimed "What Goes Up: The Uncensored History of Modern Wall Street as Told by Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen." He is also a contributor to the news and opinion website The Huffington Post. He and his family live in Great Barrington.

The talk is open to the public. AIER is located at 250 Division St. Call The Bookloft at 413-528-1521 or AIER at 413-528-1216 for more information.



Tags: Weiner, Wall Street, books      
Crane Gives $100 Bill High-Tech Touch
By: Staff Reports On: 02:04PM / Wednesday April 21, 2010
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0
Bank Presidents Joseph Truskowski, left, and Charles O'Brien announced the merging in September and they expect it to be complete in 2012.

DALTON, Mass. — Crane & Co. officials were on hand this morning as the new $100 bill was unveiled in the U.S. Treasury Department's Cash Room in Washington. The Dalton printer has been making the specialized paper for the nation's folding currency for more than 100 years.
 
The bill includes a variety of high-tech additions to help defeat counterfeiting; the U.S. $100 bill is the most widely counterfeited note.

Find out the cool things happening on the new $100 bill.

"As the supplier of the paper used to produce the redesigned $100 bill, Crane & Co. worked diligently to provide the Bureau of Engraving & Printing with paper that contains an updated suite of security elements," said Douglas Crane, vice president, in a statement. "These features were designed to address the government's twin objectives of elevating the security of the world's most recognized banknote, while at the same time enhancing its ease of use — both of which serve to support and extend the public’s confidence in the banknote."

The security includes a micro-optic "Motion" feature that creates simulated images on the security thread that appear to move as the bill is tilted and also switches from one image to another — from $100 to the Liberty Bell — in an stylized inkwell. That should create a major challenge to potential counterfeiters, said Crane.

The bill also has the traditional anti-counterfeit devices like scattered blue and red fibers, a facial watermark of Ben Franklin, embedded security thread that glows under ultraviolet and darker number watermarks.

Crane officials will be demonstrating the bill's new attributes at the Dalton mill on Friday to a select group of officials and press that includes iBerkshires.



Tags: Crane & Co., currency      
Legacy Acquiring Renaissance Investment
By: Staff Reports On: 04:57PM / Monday April 05, 2010
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0
Bank Presidents Joseph Truskowski, left, and Charles O'Brien announced the merging in September and they expect it to be complete in 2012.

Legacy Banks is entering into a "strategic affiliation" with Renaissance Investment Group LLC of Pittsfield.

The bank, one of the largest in the county, said it plans to purchase 10-year-old Renaissance, making it a wholly-owned subsidiary. According to a statement, Renaissance will continue as an independent investment adviser and will operate separately and distinctly from Legacy Portfolio Management.

Legacy Chairman J. Williar Dunleavy said the investment is a win-win, since both companies will be able offer clients alternatives in financial counseling and investment management.

Renaissance President and Managing Director H. Ashley Smith Jr. said the company's investment philosophy won't change and that clients will continue to see their same investment managers. "We will maintain our name as well as our South Street offices."
 
Renaissance's track record and financial strength attracted Legacy, said Smith.

Both men said a "seamless transition" is expected and that clients should notice no change. The transaction is expected to be completed by April 30.

Legacy Banks is headquartered in Pittsfield and employs 186 people in 19 offices throughout Western Massachusetts and eastern New York. Renaissance lists seven officers and counselors and manages a $95 million portfolio.



Tags: Legacy, Renaissance      
Page 1 of 1 1  
News Headlines
Adams-Cheshire Sets Preschool Screenings
Edward Jones Ranks No. 6 on Fortune's Best Companies to Work For List
BMC Offers Free Pre-Diabetes Education Sessions in Pittsfield, North Adams
Clarksburg Golf Course Preliminary Plans Include Solar Array
Adams Taking Green Communities Program To The Next Step
MCLA Launches After-School STEM Program for Brayton
MCLA Selects U. Wisconsin Provost as 12th President
Stamford Student Makes State GeoBee Semi-Finals
Adams Housing Authority Gives Property To Habitat for Humanity
Pittsfield Group Suggests Limiting Chemical Spraying For Mosquitoes

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (4)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (2)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (12)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
September 2014 (1)
August 2014 (1)
March 2014 (2)
Tags:
Williamstown Great Barrington Small Business Walmart North Adams Bj's Sabic Berkshire Creative Crane & Co. Unemployment Talkberkshires Pine Cone Hill Excelsior Breakfast Baldwin Expansion Auction Wmeco Unemployment Store Opening Statistics Adams Jobs Statistics Berkshire Chamber Berkshire Enterprises Qualprint Currency Flood Berkshire Living State Pittsfield Gas Prices Merger Berkshire Chamber Of Commerce
Popular Entries:
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Excelsior Brings Greeting Card Co. To North Adams
Covanta's Pittsfield Facility Gets High Marks from OSHA
New Dog Training Center Open in North Adams
White Hart Inn For Sale for $5M
Adams Co-Op, South Adams Bank Merger Approved
Williamstown Chamber Seeks Input on Future Role
Storey Publishing to Host Next Creative Challenge
Aladco Installs New 'Green' Washing Machine
Recent Entries:
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move
North Adams Big Y Celebrates Renovations


View All
Career Fair 2015
Employers from around the county crowded Berkshire Hills...
Wahconah Boys Win
Itís been 12 years since the Wahconah boys basketball team...
Hoosac Boys' Win over Drury...
There wasnít much separating the two teams in the...
HV Girls into Western Mass...
After going into the locker room behind, 33-32, the...
Pittsfield Girls into Western...
Pittsfield advanced to the finals with a 66-52 victory at...
Princess Ball 2015
The Lanesborough Fire Association's 2nd annual Princess...
Girls BB: Middlesex @ PHS
The Generals rallied and rode an 18-point, 16-rebound...
Thunderbolt/Thunderfest 2015
The Thunderbolt Ski Race held its 80th anniversary run on...
Girls BB: Wahconah vs Hoosac...
No.1 Hoosac is heading back to the Cage as they beat No.9...
10X10 Art Party 2015
The 10X10 Festival's Real Art Party fundraiser, organized...
Berkshire Chamber Nite @...
Berkshire Chamber night on Wednesday at Mingo's in North...
Boys BB: Renaissance vs Drury
For Drury senior Justin Girard, the 63-61 quarter-final win...
Boys BB: Mount Greylock vs...
The Hoosac Valley boys basketball team got enough...
Boys BB: Quabbin vs...
Jerry McDonough scored 15 points, and Scott Steinman added...
Girls BB: Lee vs Mount...
Karli Retzel hit a 3-pointer and went 2-for-2 at the foul...
Boys Hockey: Wahconah vs...
The No. 5 Warriors won over No. 4 Belchertown 2-0 Tuesday...
Career Fair 2015
Employers from around the county crowded Berkshire Hills...
Wahconah Boys Win
Itís been 12 years since the Wahconah boys basketball team...
Hoosac Boys' Win over Drury...
There wasnít much separating the two teams in the...
HV Girls into Western Mass...
After going into the locker room behind, 33-32, the...
Pittsfield Girls into Western...
Pittsfield advanced to the finals with a 66-52 victory at...
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings
Advertise | Recommend This Page | Help Contact Us | Privacy Policy| User Agreement
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2000 Boxcar Media LLC - All rights reserved