Berkshire Bancorp Inc. is a bank holding company. The Company's principal activity is the ownership and management of its subsidiary, The Berkshire Bank (the Bank), which is a New York State chartered commercial bank. The Bank provides services to individuals, and to small and mid-sized commercial businesses primarily in the New York City metropolitan area. It has approximately two branches in Manhattan; over four branches in Brooklyn, New York; approximately four branches in Orange and Sullivan Counties in New York State, and a branch in Teaneck, New Jersey. It offers a range of loan products, which include commercial and industrial and finance leases; loans secured by real estate, including residential loans, multifamily loans ,and commercial real estate and construction loans; and consumer loans. The Bank offers a range of deposit programs, including statement savings accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts and certificates of deposit.
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