trending Market Intelligence /marketintelligence/en/news-insights/trending/pipv_tkfmkpwfbj4aqe2na2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Berkshire Hills' board proposes doubling of authorized stock

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Berkshire Hills' board proposes doubling of authorized stock

The board of Berkshire Hills Bancorp Inc. is asking shareholders to approve an increase in the company's authorized common and preferred stock.

It proposes to double the number of authorized common shares to 100.0 million from 50.0 million and to double the number of authorized preferred shares to 2.0 million from 1.0 million. In recommending the increase, Berkshire's board noted the company's strategy of growth through acquisition. It has acquired seven banks since 2011 — the same year it last requested an increase in authorized shares.

Shareholders will vote on the proposal at the May 17 annual meeting.

Berkshire Hills also reported a 2017 CEO pay ratio of 65 to 1. It had paid President and CEO Michael Daly $3.5 million in total compensation that year. The median compensation for all other employees was $54,599.

Pittsfield, Mass.-based Berkshire Hills Bancorp is the $11.57 billion-asset holding company of Berkshire Bank.