03:22 AM EST, 03/05/2024 (MT Newswires) -- Pathfinder Bancorp ( PBHC ) said late Monday its Pathfinder Bank unit has agreed to acquire the East Syracuse, New York branch of Berkshire Bank.

Financial terms of the deal were not disclosed.

Berkshire Bank will transfer roughly $198 million in deposits of the branch and certain consumer and residential loans with balances of about $32 million to Pathfinder Bank.

The purchase of the branch is subject to regulatory approval and is expected to complete by the end of Q3.