Despite losses that have left Boston-based Berkshire Bank needing regulatory approval for shareholder dividends, the bank said it remains committed to Richard Marotta’s strategy for growing the bank, including his diversity and equity initiatives.
Richard M. Marotta has stepped down from his position as CEO of Berkshire Bank to pursue new opportunities, according to a statement released Monday by Berkshire Bank.
With former CEO Michael Daly’s departure now months in the past, the path forward for Berkshire Bank is beginning to come into focus.
Despite reported issues with former longtime President and CEO Michael Daly, who resigned last November, the board of directors of Berkshire Bank and its parent company seems to have confidence in the company’s executive team.
In his first earnings call as new CEO of Berkshire Bank, Richard Marotta stuck to the numbers, kept on point and spoke very little of the leadership transition that saw longtime CEO Michael Daly depart under controversial circumstances.
