Berkshire Hills Bancorp, Inc. Names Wayne F. Patenaude as Chief Financial Officer.Business Editors PITTSFIELD, Mass.--(BUSINESS WIRE)--Feb. 7, 2003 Berkshire Hills Bancorp, Inc. (the "Company") (AMEX AMEX See: American Stock Exchange :BHL BHL Bleeding-Heart Liberal BHL Battle Handover Line BHL Breath Hydrogen Level BHL Biohazard Level BHL Bottom of Heated Length BHL Bachelor of Hebrew Letters/Literature BHL Bilateral Hilar Lymphadenomegaly BHL Back-Hoe Loader ), the holding company for Berkshire Bank (the "Bank"), today announced that Wayne F. Patenaude will join the Company and the Bank as Senior Vice President, Chief Financial Officer and Treasurer, on or about March 1, 2003. The retirement of Berkshire Bank's current CFO See Chief Financial Officer. , Charles F. Plungis, Jr., was announced on November 14, 2002 and will be effective at the end of this month. Patenaude is currently Executive Vice President, Chief Financial Officer and Treasurer of American Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , a $2.9 billion subsidiary of American Financial Holdings, Inc., of New Britain, Connecticut New Britain is a city in Hartford County, Connecticut, 9 miles (14 km) southwest of Hartford. According to 2006 Census Bureau estimates, the population of the city is 71,254. . He will oversee all aspects of the Company's and the Bank's corporate finance function, including planning and budgeting, accounting and financial reporting. He will report to Michael P. Daly, President and Chief Executive Officer. Patenaude began his career in banking in 1982 at Glastonbury Bank & Trust Company and later joined Fleet Bank of Connecticut. In 1991, he rejoined Glastonbury Bank & Trust Company as Senior Vice President and CFO. From 1998 to 1999, he was CFO and Treasurer of Bancorp Connecticut, Inc. In making this announcement, Mr. Daly, said: "Wayne is an accomplished finance executive who brings a valuable combination of financial, strategic and operational expertise to Berkshire Bank. As is the case with all members of our management team, his experience, background and work ethic will enable us to implement our strategy to drive greater efficiencies and profitable growth." Patenaude earned his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Finance from the University of Connecticut The University of Connecticut is the State of Connecticut's land-grant university. It was founded in 1881 and serves more than 27,000 students on its six campuses, including more than 9,000 graduate students in multiple programs. UConn's main campus is in Storrs, Connecticut. in 1982 and received his Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. accreditation in 1994. He is a member of the Hartford Society of Financial Analysts and a member of the Board of the Hartford Chapter of the American Red Cross American Red Cross: see Red Cross. . He and his wife, Kimberly, have two children and are planning to relocate to the Berkshires. Berkshire Hills Bancorp, Inc. is the holding company for Berkshire Bank. Established in 1846, Berkshire Bank is one of Massachusetts' oldest and largest independent banks and is the largest banking institution based in western Massachusetts. The Bank is headquartered in Pittsfield, Massachusetts with 11 branch offices serving communities throughout Berkshire County. The Bank is committed to continuing to operate as an independent bank, delivering exceptional customer service and a broad array of competitively priced retail and commercial products to customers. Statements contained in this news release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Legislation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion