Stock Report: Berkshire Bancorp Inc. (BERK) Report Updated: May 20, 2013 | Print This Page

Berkshire Bancorp Inc. operates as the bank holding company for The Berkshire Bank that provides community banking services primary to businesses, professionals, and retail customers. The company offers various deposit products, including statement savings accounts, NOW accounts, money market deposits accounts, checking accounts, and certificates of deposit. Its loan portfolio comprises commercial mortgage loans secured by office buildings, retail establishments, multi-family residential real estate, and other types of commercial property; commercial loans to businesses for inventory financing, working capital, machinery and equipment purchases, expansion, and other business purposes; and residential mortgage loans secured by first liens on one-to-four family owner-occupied or rental residential real estate, as well as residential single family construction, home equity, and short-term fixed-rate consumer loans. The company also offers title insurance agency services. It operates seven deposit-taking offices in New York City; four deposit-taking offices in Orange and Sullivan Counties, New York; and one deposit taking office in Teaneck, New Jersey. Berkshire Bancorp Inc. was founded in 1979 and is based in New York, New York.