The Berkshire Bank
The Berkshire Bank is a New York State-chartered, FDIC-insured community bank operating 7 branches across NYC metro and Hudson Valley, offering personal banking, business banking, residential and commercial mortgages, and digital banking services to individuals, small businesses, and seniors.
- Company typePrivate
- Founded1989
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What The Berkshire Bank does
The Berkshire Bank is a New York State-chartered, FDIC-insured community bank operating 7 branches across Manhattan, Brooklyn, Washington Heights, and the Hudson Valley (Goshen and Harriman). Founded in 1989 and tracing its heritage to the 1871 Goshen Savings Bank, the bank serves individual consumers, small to medium-sized businesses, commercial real estate borrowers, and senior citizens through relationship-based banking delivered via branch, telephone (iTalk), and digital channels. Its product set spans personal and business checking, savings, certificates of deposit, conforming/jumbo and commercial mortgages, term loans and revolving credit lines, plus ancillary services including safe deposit boxes, bank-by-mail, and consulate letters.
The bank's technology stack centers on BerkOnline® (web-based online banking), BerkMobile/BerkNow (iOS and Android mobile app), BerkBillPay (CheckFree-powered bill payment with SSL/128-bit encryption), Remote Deposit Capture, Zelle peer-to-peer payments, and MasterCard debit/ATM cards on the NYCE/Cirrus network. The platform architecture is traditional community bank infrastructure rather than proprietary technology; integrations are sourced from established vendors (CheckFree, Zelle, NYCE/Cirrus) with no disclosed AI/ML capabilities. The bank holds a registered BERKONLINE® trademark and maintains FDIC and Equal Housing Lender compliance certifications.
The Berkshire Bank's business model is a classic community bank revenue mix: net interest income from loan spreads (commercial mortgages, commercial loans, conforming/jumbo residential mortgages, revolving credit facilities) supplemented by transaction-based fee revenue (monthly service fees, ATM fees, wire transfer fees, bill pay fees) and deposit spread economics on tiered savings products (Gold Money Market up to 1.51% APY, Statement Super Savings up to 0.55% APY). Go-to-market is branch-led and community-based, with marketing concentrated on financial literacy seminars (FDIC Money Smart curriculum) delivered through partnerships with senior centers, community colleges, and nonprofits. The bank is a subsidiary of Berkshire Bancorp Inc., operates as a privately held institution with no public ticker, and has no disclosed private equity or venture capital backing.
The Berkshire Bank firmographics
Firmographics- Name
- The Berkshire Bank
- Legal name
- The Berkshire Bank
- Website
- https://berkbank.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Berkshire Bank is a New York State-chartered, FDIC-insured community bank operating 7 branches across NYC metro and Hudson Valley, offering personal banking, business banking, residential and commercial mortgages, and digital banking services to individuals, small businesses, and seniors.
- Ownership category
- akta.pro rank
The Berkshire Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
Keywords
Where The Berkshire Bank is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
The Berkshire Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Interest Income: Traditional banking revenue generated from interest spreads on loans including commercial mortgages, commercial loans, conforming/jumbo mortgages, and residential mortgages
- Fee-based Services: Revenue from various banking fees including monthly service fees, ATM fees, wire transfer fees, and other service charges disclosed in Schedule of Fees and Service Charges
- Lending Facilities: Provides revolving credit facilities to corporate clients, generating interest income and facility fees
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Business CD Options - 3 Month CD offering 2.02% APY |
| Subscription | Monthly | Statement Super Savings - Up to 0.55% APY |
| Subscription | Monthly | Gold Money Market - Up to 1.51% APY |
| Subscription | Monthly | NOW Checking - Up to 0.50% APY |
| Subscription | Monthly | Business Checking Options |
| Subscription | Monthly | Residential Mortgages - Conforming Fixed Rates from 6.000% |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
The Berkshire Bank product offering
Product offeringCore offering
The Berkshire Bank is a New York State-chartered, FDIC-insured community bank offering personal and business banking products including checking, savings, certificates of deposit, residential and commercial mortgages, and commercial loans. Core delivery is through 7 branch locations across New York supplemented by the BerkOnline® web platform, BerkMobile app, BerkBillPay, Zelle, and Remote Deposit Capture. All deposits are FDIC insured and the bank emphasizes relationship-based, personalized community banking.
Product overview
The Berkshire Bank is a New York State-chartered, FDIC-insured community bank serving communities in New York, founded in 1989 and celebrating 30 years of NYC branch operations. The bank operates a unified retail and commercial banking platform organized into three core segments: Personal Banking (checking, savings, CDs, and mortgages), Business Banking (checking, savings, CDs, and commercial lending), and Loans & Mortgages (residential and commercial). The primary digital banking platform is BerkOnline® (web-based) and BerkMobile (mobile app), which serve as the delivery channels for key transaction services including BerkBillPay, e-Statements, Remote Deposit Capture, and Zelle peer-to-peer payments. Supporting services include debit/ATM cards (MasterCard®), telephone banking (iTalk), safe deposit boxes, bank-by-mail, and international collection services. All deposits are FDIC insured and backed by the full faith and credit of the U.S. Government.
Differentiator
Problem solved
Functional benefit
Brands
- BerkOnline®: The Berkshire Bank's state-of-the-art online banking system allowing customers to bank from anywhere, access accounts, order checks, sign up for e-Statements, conduct bank-to-bank transfers, and set up email alerts.
- BerkBillPay
- Blue Ribbon Savings
- Gold Money Market
- Better Business Checking
Products and services
- Personal Checking Accounts
- Personal Savings Accounts
- Personal Certificates of Deposit
- Business Checking Accounts
- Business Savings Accounts
- Business Certificates of Deposit
- Residential Mortgages
- Commercial Mortgages
- Commercial Loans
- BerkOnline® Online Banking
- BerkMobile Mobile Banking
- BerkBillPay Online Bill Payment
- Remote Deposit Capture
- Zelle Peer-to-Peer Transfers
- Debit and ATM Cards
- iTalk Telephone Banking
- Safe Deposit Box
- Bank by Mail
- e-Statements
- Combined Statements
- International Collection Services
Companies that use The Berkshire Bank
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
The Berkshire Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
The Berkshire Bank partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights5 records
The Berkshire Bank competitors and assessment
Company assessmentDirect peers
- Carver Federal Savings Bank: NYC-based, FDIC-insured community bank focused on serving underbanked and minority communities in the New York metro area. Directly comparable to Berkshire Bank given similar size, mission-driven community banking focus, and NYC geographic concentration.
- Apple Bank for Savings: New York-based community bank offering personal and business banking products through a branch network in the NYC metro. Comparable to Berkshire Bank in target market (NY consumers and SMBs), product breadth, and relationship-based community banking model.
- Northfield Bank: Staten Island-headquartered community bank serving NYC metro with personal and commercial banking products. Highly comparable to Berkshire Bank given overlapping NYC geographic focus, similar community bank scale, and full-service product suite including mortgages.
- Flushing Bank: New York state-chartered commercial bank serving NYC metro with personal, business, and commercial real estate lending. Comparable to Berkshire Bank in NY geographic footprint, full-service banking platform, and emphasis on multicultural community banking.
- Empire State Bank: New York community bank offering commercial and consumer banking services focused on small-to-medium businesses and professionals in the NY metro area. Comparable to Berkshire Bank in SMB lending focus, NY footprint, and relationship-based banking model.
- BCB Community Bank: New Jersey-based community bank serving northern NJ and the greater NY metro through branch locations and digital banking. Comparable to Berkshire Bank in regional community bank scale, SMB and consumer banking focus, and full-service product offering.
Broad incumbents
- Dime Community Bank: Long Island-headquartered community bank with broader NYC metro presence, offering consumer and commercial banking products. A larger incumbent relative to Berkshire Bank but serves overlapping customer segments and is a useful benchmark for scale economics.
- Trustco Bank: Northeast regional community bank with branches across NY and the broader Northeast, offering personal and business banking with a strong mortgage focus. Comparable to Berkshire Bank in community banking DNA and residential/commercial mortgage emphasis, though larger and more geographically diversified.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
The Berkshire Bank compliance and trust
Trust signalCompliance2 records
The Berkshire Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Berkshire Bank leadership team
Management profileNumber of profiles
Profiles21 records
The Berkshire Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Berkshire Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Berkshire Bank
What does The Berkshire Bank do?
The Berkshire Bank is a New York State-chartered, FDIC-insured community bank offering personal and business banking products including checking, savings, certificates of deposit, residential and commercial mortgages, and commercial loans. Core delivery is through 7 branch locations across New York supplemented by the BerkOnline® web platform, BerkMobile app, BerkBillPay, Zelle, and Remote Deposit Capture. All deposits are FDIC insured and the bank emphasizes relationship-based, personalized community banking.
Is The Berkshire Bank a public or private company?
The Berkshire Bank is a private company. It is classified as corporate owned and is currently operating.
When was The Berkshire Bank founded?
The Berkshire Bank was founded in 1989. It employs 11 to 50 people.
Where is The Berkshire Bank based?
The Berkshire Bank is headquartered in New York, United States, in the North America region.
How does The Berkshire Bank make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are fee-based Services and lending Facilities.
Who are The Berkshire Bank's main competitors?
Direct peers on record are Carver Federal Savings Bank, Apple Bank for Savings, Northfield Bank, Flushing Bank, Empire State Bank and BCB Community Bank. Broad incumbents are Dime Community Bank and Trustco Bank.
Does The Berkshire Bank have an API?
No public API is recorded for The Berkshire Bank.
What industry is The Berkshire Bank in?
The Berkshire Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 5221 and its SIC code is 6022.