PITTSFIELD â For the first time since it went public 21 years ago, Berkshire Bankâs parent company has gone outside the firm to hire a new CEO.
After a nationwide search, the board of directors Monday appointed Nitin J. Mhatre as president and CEO of Berkshire Hills Bancorp Inc. and CEO of Berkshire Bank. Berkshire Hills became a publicly traded company in 2000.
Mhatre, who most recently served as executive vice president of community banking at Webster Bank in Waterbury, Conn., assumes his new duties at Berkshire on Friday. He replaces former President and CEO Richard Marotta, who resigned abruptly without explanation Aug. 10.
The U.S. government is pressuring large lenders to go live this week with another round of a key federal pandemic loan program despite many unresolved issues, sparking an industry scramble to get lending platforms ready, five people familiar with the discussions said.
International Business: Outlook darkens for Wall Street as Biden s regulators take shape gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Read more about Outlook darkens for Wall Street as Joe Biden s regulators take shape on Business Standard. Wall Street-friendly Republicans on Monday criticized Biden for bowing to leftists, warning the picks would be divisive