Financial Highlights - 2007

The Berkshire Bank is pleased to announce its year end results for 2007. As of December 31, 2007, the combined total assets of the Bank were $1.094 billion and the net income for the year was $6.7 million. 2007 saw an increase in earnings for the Bank. We look forward to continuing this established pattern of growth in 2008. 

In the fall of 2007, we launched our redesigned website, berkbank.com.  Now it is even easier to find the most up to date information on our products, services, and locations. We also introduced bank to bank transfers. Accessed through BerkOnline®, bank to bank transfers are free and allow our customers the convenience to transfer funds between their Berkshire Bank accounts and other accounts they maintain at U.S. banking institutions. Visit www.berkbank.com today for your complete online banking experience.

Customer remote deposit capture service is another convenient way to handle your banking. With customer remote deposit capture, approved customers can safely and quickly scan and transmit checks directly to the Bank for clearing. Now, no matter where your business is located with our remote deposit capture service, you can easily and quickly make deposits to your account in less time then going to your local branch.

Branch remote deposit capture is another service introduced to benefit our valued clients. Branch personnel can now process and submit transactions and images electronically throughout the day reducing the time it takes for a transaction to be completed. We understand how valuable your time and money are and will do what we can to create the best banking experience for you.

In addition to all the online advances, spring 2007 saw the opening of our new Washington Heights branch. Centrally located at 210 Pinehurst Avenue at the corner of West 185th Street and Fort Washington Avenue, this new full service branch offers customers a full range of highly competitive products and services, including personal and business accounts, highly competitive CD rates, mortgages, commercial loans, and more.

We anticipate even more advances in our customer service area. One such product we are excited to introduce is Berk Bill Pay. This product allows you to securely pay anyone, anywhere, anytime from the comfort of your computer, or any computer that has internet access. Available 24 hours a day, 7 days a week, you can now pay your bills when you want to. Watch for more details about this exciting product as they become available.

The Berkshire Bank is a New York State chartered, FDIC insured commercial bank with branches in New York City, Orange County, and Sullivan County in New York and Bergen County in New Jersey. For complete details on our Bank and its products and services, just visit our website at www.berkbank.com. The Berkshire Bank is proud to be known as the Bank that puts your interest first.