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Berkshire completes purchase of CBT

Published 04/24/2012 12:00 AM
Updated 04/24/2012 12:01 AM

Berkshire Hills Bancorp Inc., parent of Berkshire Bank, has completed its acquisition of The Connecticut Bank and Trust Company, with $280 million in assets and eight banking offices serving Greater Hartford.

Berkshire Bank will operate the offices under the name Berkshire Bank - CBT Region.

Berkshire, with more than $4 billion in assets and 60 branches in Massachusetts, New York and Vermont, had announced its intention to merge with CBT in February.

A previous incarnation of CBT that had a local presence, including a branch at 1 Union Plaza, failed in 1991. It was absorbed by Fleet Bank, which Bank of America acquired.

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