Berkshire Bank Appoints Farrell To Executive Team

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Former Berkshire Hills Bancorp Director Brings More Than 30 Years of Experience

PITTSFIELD, Mass. – Berkshire Hills Bancorp (NASDAQ: BHLB) and its banking subsidiary, Berkshire Bank, has appointed former Board Director David B. Farrell to Executive Vice President, Integrated Services.

Farrell will be responsible for the company’s insurance and wealth management business lines, and their integration with the company’s other products and service offerings. These lines together produced 18 percent of the company’s total revenues in 2008, and Berkshire is actively pursuing expansion of these and related services through acquisitions and organic growth throughout its footprint. 

Farrell has extensive experience with Berkshire and a deep understanding of the company’s business. He has been a director of Berkshire Hills Bancorp since 2005 and also, a consultant who assisted with brand integration and expansion strategies for these business lines. In conjunction with his appointment as Executive Vice President, Mr. Farrell has resigned from his position as a director of the Company and Berkshire Bank.

“Dave Farrell has served Berkshire well as a director and most recently as a consultant. He has tremendous experience in building and managing sales and service cultures,” said Daly. “Berkshire has a great opportunity to develop our integrated financial service lines in our expanding regional markets, and to identify acquisition opportunities to further build market share. We look forward to Dave’s contribution in this new role with our executive team”

Farrell was previously a Division President with TJX Companies. Prior to that he was EVP and CFO of KB Toys, a division of the former Melville Corporation now known as CVS/Caremark. A longtime Berkshire County resident with deep ties to the community, Farrell resides in Sheffield with his wife Mary and two teenagers, Molly and Jake.

Background

Berkshire Hills Bancorp is headquartered in Pittsfield, Massachusetts. It has approximately $2.7 billion in assets and is the parent of Berkshire Bank - America's Most Exciting BankSM.  Berkshire provides personal and business banking, insurance, wealth management, and investment services through 48 banking and insurance financial centers in western Massachusetts, northeastern New York, and southern Vermont. Berkshire Bank also offers the added benefit of providing its depositors 100 percent insurance protection, regardless of amount, based on a combination of FDIC insurance and the Depositors Insurance Fund (DIF). For more information, visit www.berkshirebank.com or call 800-773-5601.
If you would like to contribute information on this article, contact us at info@iberkshires.com.

Lanesborough Passes FY 2027 Budget, Warrant Articles

By Breanna SteeleiBerkshires Staff
LANESBOROUGH, Mass. — Town meeting on Tuesday approved an almost $14 million fiscal 2027 budget, and approved bylaws for short-term rentals and signage, and for public safety vehicles. 
 
Of the 20 warrant articles, one, Article 7, to use free cash to pay prior fiscal year bills of $941.27 was indefinitely postponed by Moderator David Rolle because the bills were for the fire association.
 
Some 247 of the town's more than 2,600 registered voters filled Lanesborough Elementary School, debating articles during a meeting that lasted more than three hours. 
 
The town's 2027 spending plan is up more than 10 percent, with the main increases from higher enrollment in the regional schools and the McCann Technical School renovation project.
 
Voters approved the assessment of $7,586,284 for Mount Greylock Regional School. They also approved Article 11, which was the use of $16,298.48 in free cash for the McCann's roof and window replacement project so as not to impact the budget. 
 
Ambulance Director Jen Weber is planning 24-hour coverage, which means more staff and a hike in her budget. Article 5 asked the town to appropriate $234,100 to operate the Ambulance Enterprise Fund for salaries and expenses, which passed.
 
Fire Chief Jeff DeChaine spoke to the audience on his articles and the need for a new truck to replace the 1996 fire truck, listed on the warrant articles for a total $813,366, which includes a $100,000 contingency cost on whether a 2026 model-year chassis can be secured before new emissions standards in 2027. If they get the 2026 chassis, that contingency likely won't be needed.
 
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