Massachusetts lender Berkshire Hills Bancorp, which has Connecticut operations, said it has completed its $53 million acquisition of a specialty equipment financier.
Berkshire first announced its intent to acquire Firestone Financial Corp. in May.
Based outside of Boston, Firestone will operate as a Berkshire subsidiary.
Three-fourths of the purchase price will be paid in Berkshire stock and the rest will be paid in cash.
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With the deal complete, Berkshire said it has more than $7.5 billion in assets.
