Berkshire Hills to list BHLB Stock with NYSE
Berkshire Hills Bancorp announced today that it has been cleared to list its common stock on the New York Stock Exchange.
The company will retain the ticker symbol. The Company expects to begin trading on the NYSE on or about November 19, 2012. Until the transfer, the Company's stock will continue to be listed on the NASDAQ Global Select Market (NASDAQ). Berkshire Hills is the parent company of Berkshire Bank, America's Most Exciting BankSM.
Berkshire CEO Michael Daly stated, " Berkshire has grown to over 25 million common shares outstanding and a market capitalization over $550 million. With the increased investor interest in our company, we are pleased to have been cleared by the NYSE to join the many successful banks which are traded there. As we continue to grow in size and profitability, we look forward to the support and visibility that this listing will provide for our existing and prospective shareholders." "We are thrilled to welcome Berkshire Hills Bancorp to the New York Stock Exchange, where the company joins the ranks of other successful financial institutions in America and the world," said Scott Cutler, EVP and head of Global Listings, NYSE Euronext. " Berkshire Hills Bancorp has an outstanding record of growth, service and performance, and of delivering on its brand promise of excitement. The NYSE is the world's leading exchange brand and provides Berkshire Hills Bancorp with a platform for unsurpassed market quality, liquidity, innovation, and visibility.