PITTSFIELD, Mass., Nov. 19, 2010 /PRNewswire-FirstCall/ -- Berkshire Hills Bancorp (Nasdaq: BHLB) President and CEO Michael Daly presented an update on the Company at the Sandler O'Neill 2010 East Coast Financial Services Conference on Thursday, November 11, 2010.
(Logo: http://photos.prnewswire.com/prnh/20101018/BERKSHIRELOGO )
In his presentation, Mr. Daly commented on:
- Unique brand position - America's Most Exciting Bank(SM)
- Experienced executive team – with energy and capacity
- Strong, balanced revenue growth – 15% per year over last five years
- Berkshire's goal to double the run rate of core earnings per share in two years
- Favorable asset quality – backed by solid capital
- Positioned to be a successful regional consolidator
- Focus on shareowner returns and upside potential for stock performance
A webcast link to this presentation is available at www.berkshirebank.com (investor relations link), along with a copy of the presentation materials.
BACKGROUND
Berkshire Hills Bancorp is the parent of Berkshire Bank – America's Most Exciting Bank(SM). The Company has $2.8 billion in assets and 41 full service financial centers in Massachusetts, New York, and Vermont. Berkshire Bank provides 100% deposit insurance protection for all deposit accounts, 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.
FORWARD LOOKING STATEMENTS
Statements in this news release regarding Berkshire Hills Bancorp that are not historical facts are "forward-looking statements". These statements reflect management's views of future events, and involve risks and uncertainties. For a discussion of factors that could cause actual results to differ materially from expectations, see "Forward Looking Statements" in the Company's 2009 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at the Securities and Exchange Commission's Internet website (www.sec.gov) and to which reference is hereby made. Actual future results may differ significantly from results discussed in these forward-looking statements, and undue reliance should not be placed on such statements. Except as required by law, the Company assumes no obligation to update any forward-looking statements.
SOURCE Berkshire Hills Bancorp, Inc.
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