Arrow Financial Acquires Berkshire Bank Branch In Whitehall, New York
Arrow Financial Acquires Berkshire Bank Branch In Whitehall, New York
Arrow Financial Corporation (NASDAQ:AROW) has entered into a definitive agreement with Berkshire Bank, a subsidiary of Berkshire Hills Bancorp, Inc. (NYSE:BHLB).
艾睿金融公司（納斯達克股票代碼：AROW）已與伯克希爾山銀行公司（紐約證券交易所代碼：BHLB）的子公司伯克希爾銀行簽訂了最終協議。
Under the deal, Arrow Financial's bank subsidiary, Glens Falls National Bank, will acquire the branch office at 184 Broadway, Whitehall, New York.
根據該協議，Arrow Financial的銀行子公司格倫斯福爾斯國家銀行將收購位於紐約白廳百老匯184號的分支機構。
Berkshire Bank has entered into definitive agreements with three buyers to sell 10 of its upstate and eastern New York branches, consisting of eight offices in Albany, Saratoga, Schenectady and Columbia counties, one office in Whitehall and one office in East Syracuse.
伯克希爾銀行已與三位買家簽訂最終協議，出售其在紐約州北部和東部的10家分行，其中包括位於奧爾巴尼、薩拉託加、斯克內克塔迪和哥倫比亞縣的八個辦事處，在白廳的一個辦事處和在東錫拉丘茲的一個辦事處。
The sale lowers Berkshire Hills' overall branch footprint from 96 to 86 locations.
此次出售使伯克希爾山的分支機構總佔地面積從96個降至86個。
All employees associated with the Whitehall branch will be offered employment with the Arrow Family of Companies.
與白廳分支機構有關的所有員工都將獲得Arrow公司家族的就業機會。
The sale is targeted for completion by the end of the third quarter of 2024.
此次出售的目標是在2024年第三季度末完成。
Following the anticipated completion of the sale, Glens Falls National Bank will operate a total of nine branches in Washington County.
預計出售完成後，格倫斯福爾斯國家銀行將在華盛頓縣共經營九家分行。
"This strategic move marks a milestone in our growth and underscores our commitment to expanding our market presence..," said Dave DeMarco, President and CEO of Arrow Financial Corporation and Glens Falls National Bank.
艾睿金融公司和格倫斯福爾斯國家銀行總裁兼首席執行官戴夫·德馬科表示：“這一戰略舉措標誌着我們增長的里程碑，也凸顯了我們對擴大市場份額的承諾...”
Price Action: BHLB shares closed lower by 2.65% to $20.92 on Monday, and AROW shares closed lower by 0.50% to $23.84.
價格走勢：BHLB股價週一收盤下跌2.65％，至20.92美元，AROW股價收盤下跌0.50％，至23.84美元。
Image sourced from Shutterstock
圖片來自 Shutterstock