Berkshire Bank

24 North Street
Pittsfield, MA 01201
800-773-5601
www.berkshirebank.com

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Berkshire Bank is headquartered in Pittsfield and is the 5^th largest bank in the state of Massachusetts. It is also the 167^th largest bank in the nation. It was established in 1846 and as of December of 2012, it had grown to 930 employees at 79 locations. Berkshire Bank has a 5-star health rating.

Berkshire Bank Routing Number: 211871691

Received A 1099 From Berkshire Bank? (Forum) - 2/3/2013

If you received a 1099 from Berkshire Bank from Pittsfield, MA, and you were wondering if you had an account there, the confusion is probably due to an acquisition. Berkshire Bank acquired Beacon Federal last October. So if you had an account at Beacon Fe

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See Rates for: Checking | Savings | Money Market | CD

Berkshire Bank Checking Account Rates

Apy	Min	Max	Product
0.05%^†	-	-	NOW Checking Account
0.05%^†	-	-	Classic Relationship NOW Checking Account

Berkshire Bank Savings Account Rates

Apy	Min	Max	Product
0.10%^†	-	-	Passbook Savings Account
0.10%^†	-	-	Statement Savings Account
0.05%^†	-	-	Club Savings Account

Berkshire Bank Money Market Rates

Apy	Min	Max	Product
0.65%^†	$50k	-	Pure Excitement Money Market Account (3 Month Promotional Rate)
0.50%^†	$100k	-	Pure Excitement Money Market (Regular Rate)
0.20%^†	$25k	-	Money Market Account
0.20%^†	$50k	-	Classic MMKT Plus

Berkshire Bank CD Rates

Apy	Min	Max	Product
1.30%^†	$1k	-	7 - 10 Year CD
1.25%^†	$1k	-	6 Year CD
1.15%^†	$1k	-	5 Year Excitement CD
1.05%^†	$1k	-	5 Year CD
1.00%^†	$1k	-	4 Year CD
0.85%^†	$1k	-	37 Month Excitement CD
0.80%^†	$1k	-	3 Year CD
0.80%^†	$1k	-	24 Month Pop Up CD
0.75%^†	$1k	-	20 Month Excitement CD
0.60%^†	$1k	-	2½ Year CD
0.50%^†	$1k	-	13 Month Excitement CD
0.40%^†	$1k	-	1½ - 2 Year CD
0.30%^†	$1k	-	1 Year CD
0.30%^†	$200	-	6 - 24 Month Pure Excitement Easisaver CD
0.15%^†	$1k	-	6-Month CD
0.15%^†	$1k	-	6-Month "Smart Money" CD
0.10%^†	$1k	-	3-Month CD

Rates updated: 5/25/2013

Data for Q4 2012

Berkshire Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

23621 - Berkshire Bank
58097 - Berkshire Bank Municipal Bank

Institution Statistics

Berkshire Bank
FDIC Certificate #	23621
BankRate Report	View
Year Established	1846
Employees	930
Primary Regulator	FDIC
Assets and Liabilities
Assets	$5.27 billion
Loans	$4.04 billion
Deposits	$4.14 billion
Equity Capital	$661.87 million
Loan Loss Allowance	$33.21 million
Unbacked Noncurrent Loans	$43.71 million
Real Estate Owned	$1.93 million
Historic Data - December 2011
Assets	$3.96 billion
Equity Capital	$517.02 million
Loan Loss Allowance	$32.44 million
Unbacked Noncurrent Loans	$33.77 million
Real Estate Owned	$1.90 million
Profit Margin - Quarterly
Net Interest Margin	3.69%
Return on Assets	0.79%
Return on Equity	6.24%
Interest Income	$175.94 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Berkshire Bank had $45.64 million in non-current loans and owned real-estate with $695.08 million in equity and loan loss allowances on hand to cover it. This gives Berkshire Bank a Texas Ratio of 6.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Berkshire Bank held steady from 6.47% as of December 31, 2011 to 6.57% as of December 31, 2012, resulting in a negative change of 1.52%. This indicates that the balance sheet and financial strength for Berkshire Bank has held steady in recent periods.
Deposit Growth
In the past year, Berkshire Bank has increased its total deposits by $966.79 million, resulting in 30.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Berkshire Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Berkshire Bank has $5.27 billion in assets with $695.08 million in equity, resulting in a capitalization level of 13.20%, which is excellent.

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Berkshire Bank

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