Berkshire Hills Bancorp, Inc. announced the election of Eric S. Rosengren to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective April 5, 2023. Mr. Rosengren brings extensive financial, risk management and regulatory expertise having served as the President and CEO of the Federal Reserve Bank of Boston until his retirement in 2021. Upon his election, Mr. Rosengren was determined to be an independent director and a financial expert and appointed to the Risk Management, Capital and Compliance and Audit Committees of the Board.

Mr. Rosengren is CEO of Rosengren Consulting and a Visiting Scholar at the MIT Golub Center for Finance & Policy. He previously served as the President and CEO of the Federal Reserve Bank of Boston from 2007 until his retirement in 2021. As a Fed President, he was a participant and voting member of the Federal Open Market Committee.

During his tenure he also championed projects to help revitalize smaller city economies and enhance diversity, equity and inclusion within the Fed. Mr. Rosengren joined the Boston Fed in 1985 and held various roles in the Bank's Research and Supervision, Regulation, and Credit Departments. He has published over 100 articles and papers on economics and finance, and is often cited in leading academic journals and featured in major media outlets on topics including macroeconomics, monetary policy, international banking, bank supervision and risk management.

Mr. Rosengren holds a Ph.D. and Masters from the University of Wisconsin and a Bachelors from Colby College where he also serves as a member of the Board of Trustees.