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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date
of Report (Date of earliest event reported) June 18, 2004
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BERKSHIRE HILLS BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-15781 04-3510455
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
24 North Street, Pittsfield, Massachusetts 01201
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(Address of principal executive offices)
(413) 443-5601
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
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On June 18, 2004, Berkshire Hills Bancorp, Inc. (the "Company") announced
the sale of Eastpoint Technologies, LLC ("Eastpoint") to EP Acquisition Corp.,
an acquisition subsidiary of Open Solutions Inc. The Company owns 60.3 percent
of Eastpoint, a software and data processing provider for financial
institutions. The Company will immediately realize approximately $2.8 million
from the sale with the potential to receive up to an additional $750,000 in two
years. The sale is not material to the Company's financial condition for the
current quarter, as Eastpoint is recorded on the Company's financial statements
at approximately $2.8 million.
ITEM 7. FINANCIAL STATEMENTS AND OTHER EXHIBITS
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Exhibit 99.1 Press Release Dated June 18, 2004
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BERKSHIRE HILLS BANCORP, INC.
Dated: June 18, 2004 By: /s/ Wayne F. Patenaude
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Wayne F. Patenaude
Senior Vice President and
Chief Financial Officer