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.

Pittsfield Council Passes $232.7M Budget

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass. — The City Council unanimously approved a $232.7 million budget for the upcoming fiscal year. 

It is a modest, almost 2.9 percent increase from FY26. 

"I do want to give the community kind of a heads up as we move forward on budgets. What we see coming out of the federal government that's trickling down to the states, it's going to be harder and harder for us as a community to meet our needs under the Proposition 2 1/2," Councilor at Large Alisa Costa said. 

"We're going to have challenges, as we've seen communities across the state trying to override the Proposition 2 1/2, because we have dwindling amounts of money coming from the state and federal government." 

She pointed out that, at the same time, utility bills are going up for both residents and the city, as are the costs of pavement and other items. 

The amended budget of $232,777,720, down from the $232,782,090 originally proposed, includes cuts to the Department of Diversity, Equity, and Inclusion and the restoration of funds for councilors to attend the annual Massachusetts Municipal Association conference. 

The Pittsfield Public Schools' $86,855,061 budget includes $68,886,061 in state Chapter 70 funding and $18 million from the city. With $345,000 in school choice and Richmond tuition revenues, it totals $87,200,061 and is an approximately $300,000 increase from the Pittsfield Public Schools' FY26 budget of $86.9 million. 

The district's budget will fund 13 schools, as Morningside Community School will retire in the fall, and includes the middle school restructuring. 

Councilors also approved the use of $2 million in certified free cash to reduce the tax rate, and appropriated $450,551 for parking-related expenditures. 

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