| September 14, 2005
Ira Mermelstein Joins The Berkshire Bank
Moses Krausz, President and CEO of The Berkshire Bank, announced the appointment of Ira Mermelstein as a Vice President in the bank’s lending division. Mr. Mermelstein has over 25 years of banking experience with Bank of America and Bankers Trust and specializes in asset-based lending.
The Berkshire Bank has proudly offered asset-based lending and commercial loans since it was first founded as a New York State Chartered, FDIC insured commercial bank in 1989. Today, the bank has expanded to 9 branch locations in New York and is excited to have Mr. Mermelstein working in its asset-based lending and loan division.
“The Bank already offers highly competitive loan and asset-based lending programs,” said Mermelstein. “I am excited for the opportunity to expand upon these current portfolios.” Mr. Krausz agreed and further stated, “With Mr. Mermelstein’s vast experience in the asset-based and lending industry, we are delighted to have him join the Berkshire staff and look forward to benefiting from his knowledge and expertise. He will be a valuable asset to The Berkshire Bank and will add a tremendous amount to the already high caliber of staff here.” Mr. Mermelstein and his colleagues would be happy to discuss the many lending options available to you by calling 212-802-1000.