Berkshire Hills Bancorp (BHLB) CFO Resigns
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Price: $21.76 +0.23%
Overall Analyst Rating:
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Dividend Yield: 3.3%
EPS Growth %: -174.6%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.3%
EPS Growth %: -174.6%
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Berkshire Hills Bancorp, Inc. (NYSE: BHLB) the parent company of Berkshire Bank, announced that Kevin P. Riley, Executive Vice President and Chief Financial Officer, will be resigning on July 12, 2013 to pursue another opportunity. The company has initiated a replacement search for this position.
Berkshire also announced that Josephine Iannelli has been named its Principal Accounting Officer. Ms. Iannelli joined Berkshire as Senior Vice President, Chief Accounting Officer on March 4, 2013. She began her career at KPMG Peat Marwick, LLP and subsequently served at KeyCorp and then at National City Corporation. She was responsible for accounting policy at each of these institutions and advanced to the position of Senior Vice President, ultimately responsible for loan purchase accounting, integrating National City into PNC Financial Services Group. She has recently also provided independent accounting consulting services for top ten national banks.
In addition, Mario L. Solari, CPA, Audit and Accounting Partner, Financial Institutions Group at Whittlesey & Hadley, P.C., has been retained to provide interim oversight for the Chief Financial Officer position. Mr. Solari has 28 years of experience in public accounting, primarily with PricewaterhouseCoopers LLP, and has been serving as a consultant to Berkshire since 2012.
Berkshire also announced that Josephine Iannelli has been named its Principal Accounting Officer. Ms. Iannelli joined Berkshire as Senior Vice President, Chief Accounting Officer on March 4, 2013. She began her career at KPMG Peat Marwick, LLP and subsequently served at KeyCorp and then at National City Corporation. She was responsible for accounting policy at each of these institutions and advanced to the position of Senior Vice President, ultimately responsible for loan purchase accounting, integrating National City into PNC Financial Services Group. She has recently also provided independent accounting consulting services for top ten national banks.
In addition, Mario L. Solari, CPA, Audit and Accounting Partner, Financial Institutions Group at Whittlesey & Hadley, P.C., has been retained to provide interim oversight for the Chief Financial Officer position. Mr. Solari has 28 years of experience in public accounting, primarily with PricewaterhouseCoopers LLP, and has been serving as a consultant to Berkshire since 2012.
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