The Berkshire Bank is headquartered in NEW YORK and is the 69th largest bank in the state of New York. It is also the 1,609th largest bank in the nation. It was established in 1989 and as of March of 2025, it had grown to 86 employees at 8 locations. The Berkshire Bank's money market rates are 6X the national average, and it has a B+ health rating.
Overall | |
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FDIC Certificate # | 27503 |
Year Established | 1989 |
Employees | 86 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.61% |
Return on Equity - YTD | 2.75% |
Annual Interest Income | $6.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $585.3MM$603.2MM |
Loans | Q1 2025vs Q1 2024 | $179.6MM$234.6MM |
Deposits | Q1 2025vs Q1 2024 | $448MM$472MM |
Equity Capital | Q1 2025vs Q1 2024 | $130.7MM$125.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $9.2MM$8.5MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $10.8MM$1,000 |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.50%* | $1m* | - | NOW Checking | ||
OTHER TIERS: 0.20% → $1.5k - $25k | 0.45% → $25k - $1m | |||||
0.00% | $500 | - | Super Security Checking |
Brooklyn Branches | ||
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Kings Highway Branch | 1421 Kings Highway | Brooklyn, NY 11229 |
16th Avenue Branch | 4917 16th Avenue | Brooklyn, NY 11204 |
Goshen Branches | ||
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Goshen Savings Bank Branch | 2 South Church Street | Goshen, NY 10924 |
G. Arden Life Care Ret. Com. Branch | 214 Harriman Drive | Goshen, NY 10924 |
Harriman Branches | ||
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Harriman Branch | 80 Route 17m | Harriman, NY 10926 |
New York Branches | ||
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Washington Heights Branch | 210 Pinehurst Avenue | New York, NY 10033 |
The Berkshire Bank | 4 E 39th St | New York, NY 10016 |
5 Broadway Branch | 5 Broadway | New York, NY 10004 |
New York City Branches | ||
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Brooklyn Branch | 5010 13th Avenue | New York City, NY 11219 |
Teaneck Branches | ||
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Teaneck Branch | 517 Cedar Lane | Teaneck, NJ 07666 |