Berkshire Hills Names Josephine Iannelli EVP, Chief Financial Officer
PITTSFIELD, Mass., Jan. 27, 2014
PITTSFIELD, Mass., Jan. 27, 2014 /PRNewswire/ --Berkshire Hills Bancorp, Inc.
(NYSE: BHLB) today announced that it has appointed Josephine Iannelli
Executive Vice President, Chief Financial Officer effective immediately. Ms.
Iannelli, 41, has served as Berkshire's Senior Vice President, Principal
Accounting Officer and has participated in financial oversight since July
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The announcement completes an extensive recruitment and interview process
conducted in partnership with a leading national executive search firm with
substantial financial services expertise.
Chairman and CEO Michael Daly stated, "Josephine's extensive experience and
demonstrated leadership over the last six months make her the best choice for
CFO. She has made many important contributions to our financial function and
overall management since joining us and is poised to add significant value to
the continued implementation of our growth strategy. Josephine has drilled
deeply into our financials, and I am confident that we now have the executive
leadership in place that will take us to the next level."
"Berkshire has built a powerful franchise across New England and New York,"
said Ms. Iannelli. "I'm excited to be taking on this enhanced role and look
forward to driving results for the bank and our shareholders."
Ms. Iannelli joined Berkshire as Senior Vice President, Chief Accounting
Officer on March 4, 2013. She has 20 years of financial and banking
experience beginning with KPMG Peat Marwick, LLP and then KeyCorp. She joined
National City Corporation in 2002 leading the accounting policy group and
served in various roles at the bank up through their acquisition and
integration into PNC Financial Services Group, ultimately advancing to the
position of Senior Vice President, Loan Purchase Accounting. Since 2010, she
had been providing independent accounting consulting services, specializing in
finance reengineering and mergers and acquisitions for top ten national
Berkshire Hills Bancorp is the parent of Berkshire Bank – America's Most
Exciting Bank®. The Company has approximately $6.0 billion in assets and 92
full service branch offices in Massachusetts, New York, Connecticut, and
Vermont providing personal and business banking, insurance, and wealth
FORWARD LOOKING STATEMENTS
This document may contain forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. There are several factors that
could cause actual results to differ significantly from expectations described
in the forward-looking statements. For a discussion of such factors, please
see Berkshire's most recent reports on Forms 10-K and 10-Q filed with the
Securities and Exchange Commission and available on the SEC's website at
www.sec.gov. Berkshire does not undertake any obligation to update
Investor Relations Contact
Allison O'Rourke; Vice President – Investor Relations; 413-236-3149
Ray Smith; Assistant Vice President – Marketing; 413-236-3756
SOURCE Berkshire Hills Bancorp, Inc.
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