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Overview / Commentary
800-773-5601
24 North Street
Pittsfield, MA 01201

Berkshire Bank is headquartered in Pittsfield and is the 3rd largest bank in the state of Massachusetts. It is also the 131st largest bank in the nation. It was established in 1846 and as of March of 2017, it had grown to 1,665 employees at 99 locations. Berkshire Bank has an A+ health rating.

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MMA, CD And Checking Promotions At Berkshire Bank [NY, MA, CT, VT] - 4/6/2017

Money Market Special: 1.25% apy for $25k to $1m guaranteed for the first 6 months CD Specials: 2.40% apy 5-year 1.90% apy 37-month 1.40% apy 20-month $1,000 minimum You may make unlimited deposits of $250 or more into your CD for the first six months during each term of the CD Checking account required for the MMA and CD specials http://www.berkshirebank.com/contact-us/rates/cd-and-money-market-specials/capital-district-central-ny $100 Checking Account Bonus http://www.berkshirebank.com/contact-us/welcome-first-choice/customer-appreciation

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Reviews (2)

Not The Best Option

Posted by: Yoshi | Apr 25, 2016

I tried this bank briefly as it was convenient to my hometown and allowed me to start a savings account for while I was working around my hometown. The fees are minimal, which is good, but I found the services lacking and the amount of financial information to be severely lacking. They have no consultation services and no workshops to help new bank patrons make smart decisions about their money. I also find their dividend payouts to be minimal compared to the competition, and their debit card fees and international fees to be somewhat exorbitant, which I guess makes sense for a small county bank. All the same, I did not find enough reasons to hold an account with this bank and fled to a competitor.

Behind The Times

Posted by: sky613 | Nov 26, 2016

You cannot add your checking account to their website so that you can make payments. I have never heard of this. National Grid, National Fuel, Internet & Cable providers all have the capabilities of allowing you to add your checking account to their website to pay your bill. The only way to pay a Berkshire loan is mail a check or Bill Pay on you personal bank's website. Now that takes 2 days to get to Bekshire & you might get charged a late fee if it doesn't reach them. Even though you may have sent the Bill Pay on the last day of it not being late



Health
A+

Health Grade Components

Overall
FDIC Certificate #23621
Year Established1846
Employees1665
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.31%
Annual Interest Income$80.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$9.26B$7.78B
LoansQ1 2017vs Q1 2016$6.70B$5.70B
DepositsQ1 2017vs Q1 2016$6.70B$5.65B
Equity CapitalQ1 2017vs Q1 2016$1.07B$892.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$45.8MM$40.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$34.5MM$23.5MM
Real Estate OwnedQ1 2017vs Q1 2016$393.00K$2.0MM
Rates

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Locations

Berkshire Bank has 93 locations. Click to view all Berkshire Bank locations.