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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 September of 2016, it had grown to 1,147 employees at 93 locations. Berkshire Bank has an A+ health rating.

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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
Employees1147
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.31%
Annual Interest Income$206.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$7.89B$7.79B
LoansQ3 2016vs Q3 2015$6.02B$5.65B
DepositsQ3 2016vs Q3 2015$5.80B$5.57B
Equity CapitalQ3 2016vs Q3 2015$915.5MM$877.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$43.1MM$38.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$24.5MM$26.5MM
Real Estate OwnedQ3 2016vs Q3 2015$80.00K$3.4MM
Rates

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Locations

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