July 5, 2022

On June 30, 2022, Berkshire Hills Bancorp, Inc., Boston, Massachusetts, the holding company for Berkshire Bank, completed a public offering of $100.0 million of its 5.50% Fixed-to-Floating Rate Subordinated Notes due 2032.

Berkshire Hills Bancorp, Inc. is the first public U.S. community bank holding company with under $150 billion in assets to issue a Sustainability Bond.  It intends to use an amount equal to the net proceeds to finance or refinance new or existing social and environmental projects.

Luse Gorman served as legal counsel to Berkshire Hills Bancorp, Inc. in the offering. The Luse Gorman team consisted of Larry Spaccasi, Marc Levy and Ellie Cook.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.