Savings Institute Bank to be acquired by Berkshire Hills pending approval

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 – Boston-based Berkshire Hills Bancorp’s $180 million acquisition of Savings Institute Bank & Trust Co., including its Rhode Island operations, is expected to be finalized by the end of the year, pending regulatory approval. In an April 18 letter to customers, leaders of the two banks said the united companies will operate under the…

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