Berkshire Bank is headquartered in Pittsfield and is the 3rd largest bank in the state of Massachusetts. It is also the 143rd largest bank in the nation. It was established in 1846 and as of December of 2015, it had grown to 1,154 employees at 97 locations. Berkshire Bank has an A+ health rating.
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.
|FDIC Certificate #||23621|
|Return on Assets - YTD||0.72%|
|Return on Equity - YTD||6.5%|
|Annual Interest Income||$247.1MM|
|Assets and Liabilities|
|Assets||Q4 2015vs Q4 2014||$7.81B$6.48B|
|Loans||Q4 2015vs Q4 2014||$5.70B$4.66B|
|Deposits||Q4 2015vs Q4 2014||$5.63B$4.69B|
|Equity Capital||Q4 2015vs Q4 2014||$878.8MM$711.2MM|
|Loan Loss Allowance||Q4 2015vs Q4 2014||$39.3MM$35.7MM|
|Unbacked Noncurrent Loans||Q4 2015vs Q4 2014||$25.2MM$25.5MM|
|Real Estate Owned||Q4 2015vs Q4 2014||$2.0MM$3.3MM|
Sorry, we do not have rate data for Berkshire Bank.