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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 147th largest bank in the nation. It was established in 1846 and as of March of 2016, it had grown to 1,143 employees at 97 locations. Berkshire Bank has an A+ health rating.

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Reviews (1)

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #23621
Year Established1846
Employees1143
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.25%
Annual Interest Income$67.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$7.78B$6.55B
LoansQ1 2016vs Q1 2015$5.70B$4.72B
DepositsQ1 2016vs Q1 2015$5.65B$4.76B
Equity CapitalQ1 2016vs Q1 2015$892.6MM$715.6MM
Loan Loss AllowanceQ1 2016vs Q1 2015$40.1MM$36.3MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$23.5MM$27.9MM
Real Estate OwnedQ1 2016vs Q1 2015$2.0MM$2.7MM
Rates

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Locations

Berkshire Bank has 95 locations. Click to view all Berkshire Bank locations.