An announcement from Berkshire Hills Bancorp (BHLB) is now available.
Berkshire Hills Bancorp, Inc. and its subsidiary Berkshire Bank have inked a new three-year employment contract with Nitin J. Mhatre, their President and CEO, beginning January 21, 2024. This agreement, which can be extended with mutual consent, replaces Mhatre’s previous contract and includes a severance clause offering him a lump sum of his base salary plus prorated annual bonuses should he be terminated without cause or resign with good reason.
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