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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 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.

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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
Employees1154
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.5%
Annual Interest Income$247.1MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$7.81B$6.48B
LoansQ4 2015vs Q4 2014$5.70B$4.66B
DepositsQ4 2015vs Q4 2014$5.63B$4.69B
Equity CapitalQ4 2015vs Q4 2014$878.8MM$711.2MM
Loan Loss AllowanceQ4 2015vs Q4 2014$39.3MM$35.7MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$25.2MM$25.5MM
Real Estate OwnedQ4 2015vs Q4 2014$2.0MM$3.3MM
Rates

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Locations

Berkshire Bank has 96 locations. Click to view all Berkshire Bank locations.