Hampden Bancorp Stockholders Approve Berkshire Hills Merger
SPRINGFIELD — Hampden Bancorp Inc. announced that its stockholders have voted to approve the previously announced merger of Hampden with Berkshire Hills Bancorp Inc. The companies expect to complete the merger in April 2015, although there can be no assurance that the closing will occur then. Consummation of the merger is subject to approval by state and federal regulatory agencies.
On Nov. 4, Hampden and Berkshire announced that they had entered into a definitive merger agreement under which Berkshire will acquire Hampden and its subsidiary, Hampden Bank, in an all-stock transaction. Under the terms of the merger agreement, each outstanding share of Hampden common stock will be exchanged for 0.81 shares of Berkshire Hills common stock. Berkshire will have a pro forma market cap of approximately $740 million and 100 branches serving customers and communities across New England and New York.
Hampden Bancorp Inc. is the holding company of Hampden Bank. Established in 1852, Hampden Bank is a full-service community bank serving families and businesses in and around Hampden County. The Bank has 10 office locations in Springfield, Agawam, Longmeadow, West Springfield, Wilbraham, and Indian Orchard, as well as Internet services, including online banking and bill payment.