Berkshire Bancorp Inc. Reports Bank Regulators’ Receipt of Applications in Connection with Potential Transaction
Berkshire Bancorp Inc. reported that the Federal Reserve Bank of New York received an application from TBB Investments LLC and TBB Intermediate LLC (together, the “Applicants”) to become bank holding companies, by acquiring Berkshire Bancorp, Inc. and thereby indirectly acquiring Berkshire Bank, and to merge TBB Intermediate LLC with and into BERK.......