Pittsfield, MA – Berkshire Bank, America's Most Exciting Bank®, is excited to announce that Gregory Lindenmuth has joined Berkshire as the EVP Chief Risk Officer reporting to the bank's president, Richard Marotta.
Greg joins Berkshire Bank from the FDIC where he worked for 24 years, most recently as a Senior Risk Examiner for the Division of Risk Management Supervision. Through this position, he has gained expert understanding of capital markets, including investments, derivatives, securitizations, market risk, liquidity/funds management and mortgage banking. He also excels in modeling profit plans, establishing budgets and setting strategic objectives. In his new role as EVP Chief Risk Officer, Greg will lead the Loan Workout, Credit and Enterprise Risk Management teams.
"Greg's broad banking knowledge and significant expertise in capital markets, interest rate risk, mortgage banking and overall risk management position him to provide important strategic direction as Berkshire continues to grow," said Marotta.
Greg holds a BS in Operations Management from the Plattsburgh State University of New York and an MBA in Corporate Finance from Clarkson University. With the FDIC, he was a Capital Markets, Mortgage Banking and Fraud Specialist and a member of the National Examination Procedures Committee. Greg also co-developed and co-presented the FDIC's Technical Assistance Videos on Interest Rate Risk and has been an active speaker at New England Directors' Colleges.
In addition, Michael Carroll has been reassigned to the newly created position EVP Specialty Lending under the direction of Chief Operating Officer Sean Gray.
In his new role, Mike's responsibilities will include management of 44 Business Capital, headquartered in Blue Bell, PA and led by Greg Poehlmann, Firestone Financial in Needham, MA led by David Cohen and Business Banking, led by Peter Rice. Mike is expected to lead the commercial team integration at First Choice Bank in the New Jersey and Pennsylvania markets.
"Mike's multi-faceted banking and extensive commercial lending experience, uniquely position him to lead Berkshire as we expand profitability through portfolio growth of high-yield relationship assets in 44 Business Capital, Firestone Financial and Business Banking" said Gray.
Mike joined Berkshire Bank in 2009 from Key Bank and held the positions of SVP Commercial Regional Executive for NY, SVP Chief Credit Officer and most recently EVP Chief Risk Officer. He has over 30 years of experience in the banking industry with expertise in risk management and commercial lending. Mike holds a BS in Accounting from Siena College.
About Berkshire Bank
Berkshire Hills Bancorp (NYSE: BHLB) is the parent of Berkshire Bank, America's Most Exciting Bank®. The Company, recognized for its entrepreneurial approach and distinctive culture, has $7.9 billion in assets and 91 full service branch offices in Massachusetts, New York, Connecticut, and Vermont providing personal and business banking, insurance, and wealth management services. The company has a pending agreement to acquire First Choice Bank, a $1.1 billion bank with eight branches in Princeton, New Jersey area and a national mortgage originations subsidiary. Berkshire Bank was named one of Massachusetts Most Charitable Companies in 2016 by the Boston Business Journal. To learn more, visit www.berkshirebank.com, call 800-773-5601 or follow us on: Facebook, Twitter, and LinkedIn. Berkshire Bank is the official bank of NESN's Boston Bruins coverage.