Berkshire Hills Bancorp said its second-quarter profits fell 25 percent, thanks to charges related to its recently completed acquisition of Windham-based Savings Institute Bank & Trust (SI Financial Group).
The Massachusetts-based lender and Berkshire Bank parent reported net income of $25.2 million, or 52 cents a diluted share, for the quarter ended June 30. That was down from $33.8 million, or 74 cents, in the second quarter last year.
Berkshire, which has over two dozen Connecticut branches, said it recorded $11.2 million in merger and restructuring expenses in the recent quarter.
Assets totaled $13.65 billion, up from $11.9 billion a year ago.
The company said SI Financial had 230 full-time equivalent employees at mid-year.
