Berkshire Hills Bancorp in Boston has added a former Federal Reserve official to its board.
The $11.7 billion-asset company said in a press release that Eric Rosengren also joined its bank’s board on April 5. He joined the board’s risk management, capital and compliance and audit committees.
Rosengren was president and CEO of the Boston Fed from 2007 to 2021. He is now CEO of Rosengren Consulting and a visiting scholar at the MIT Golub Center for Finance & Policy.
Berkshire “and all of our stakeholders will benefit from Eric’s decades of experience, insights and knowledge of the New England economy and broader macro-economic trends, financial sector regulatory system and risk management,” Nitin Mhatre, the company’s CEO, said in the release.
“He will help bolster Berkshire Bank further as we continue to advance along our path toward becoming a high-performing, leading socially responsible community bank,” Mhatre added.