Merger • Financial Services

Berkshire Bank Acquires The Connecticut Bank and Trust Co.

On October 25, 2011, Berkshire Bank acquired financial services company The Connecticut Bank and Trust Co. for 30M USD

Acquisition Context
  • This is Berkshire Bank’s 5th transaction in the Financial Services sector.
  • This is Berkshire Bank’s 5th largest (disclosed) transaction.
  • This is Berkshire Bank’s 10th transaction in the United States.
  • This is Berkshire Bank’s 1st transaction in Connecticut.

Explore All 384 Merger Financial Services Deals - Search the Database Free


M&A Deal Summary

Date October 25, 2011
Target The Connecticut Bank and Trust Co.
Sector Financial Services
Buyer(s) Berkshire Bank
Deal Type Merger
Deal Value 30M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Day Pitney (Legal)

Target Company

The Connecticut Bank and Trust Co.

Hartford, Connecticut, United States
The Connecticut Bank and Trust Co. is a provider of financial services.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Berkshire Bank

Boston, Massachusetts, United States

Category Company
Founded 1846
Sector Financial Services
Employees1,310
Revenue 384M USD (2024)
DESCRIPTION

Berkshire Bank is a regional bank and financial services company providing the service capabilities of a larger institution and the focus and responsiveness of a local partner to its communities. Berkshire Bank was founded in 1846 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 10 of 16
Sector: Financial Services 5 of 11
Type: Merger 1 of 1
State: Connecticut 1 of 2
Country: United States 10 of 16
Year: 2011 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Legacy Bank

Pittsfield,, Massachusetts, United States

The Legacy Bank is a Pennsylvania state-chartered bank . Legacy serves a niche market of small and middle-market businesses and professionals and uses a business model predicated on convenient delivery of banking products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Beacon Federal Bancorp

East Syracuse, New York, United States

Beacon Federal Bancorp, Inc. is a provider of banking and related financial services to both individual and commercial customers.

Buy $132M