Berkshire Bank enters R.I. retail banking through acquisition

SAVINGS INSTITUTE BANK & TRUST CO.’S Rhode Island branches, including this one on Old Tower Hill Road in South Kingstown, are now part of Boston-based Berkshire Hills Bancorp through an acquisition agreement. / PBN FILE PHOTO/JAMES BESSETTE
SAVINGS INSTITUTE BANK & TRUST CO.’S Rhode Island branches, including this one on Old Tower Hill Road in South Kingstown, are now part of Boston-based Berkshire Hills Bancorp through an acquisition agreement. / PBN FILE PHOTO/JAMES BESSETTE
PROVIDENCE – Berkshire Hill Bancorp Inc. has completed its acquisition of Savings Institute Financial Group Inc., resulting in the merger of Savings Institute and Trust Co. into Berkshire Bank, Berkshire announced Monday. The acquisition gives the Boston-based regional bank a local retail banking presence, taking over Willimantic, Conn.-based Saving Institute's five branches in Rhode Island,…

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