Berkshire Hills in Mass. to Buy Wealth Management Firm
Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy the assets and certain liabilities of a wealth management firm in Vermont.
The $8 billion-asset company said it will pay about $10.2 million for Ronald N. Lazzaro PC, though the final amount will depend on client retention and revenue performance. The deal is expected to close in the fourth quarter.
The business will be merged into BerkshireBanc Investment Services.