Berkshire, Legacy To Shed Branches To Win DOJ's OK

Law360, New York (May 19, 2011, 1:51 PM EDT) -- Berkshire Hills Bancorp Inc. and Legacy Bancorp Inc. agreed Wednesday to sell off four Legacy bank branches in western Massachusetts in order to win antitrust clearance for their $108 million merger.

Announced in late December, the combination of the two Pittsfield, Mass.-based banks would have given Berkshire control over roughly $4 billion in assets with more than 60 branches throughout New England and upstate New York, following Berkshire's recently closed $74 million merger with Rome Bancorp.

But antitrust regulators worried that unless the banks sold off...
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