Berkshire Bank’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Berkshire Bank is a financial institution that provides insurance, wealth management, retail and commercial banking services. Read more

Sean A. Gray's photo - Interim-CEO of Berkshire Bank

Interim-CEO

Sean A. Gray

CEO Approval Rating

82/100

Founded:

1846

Status:

PublicNYSEBHLB

TOP COMPETITORS OR ALTERNATIVES

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Republic Bank is one of Berkshire Bank's top competitors. Republic Bank was founded in 1982, and its headquarters is in Louisville, Kentucky. Like Berkshire Bank, Republic Bank also works within the Banks sector. Republic Bank has 823 fewer employees than Berkshire Bank.

Enterprise Bank is Berkshire Bank's #2 rival. Enterprise Bank was founded in 1988 in Lowell, Massachusetts. Enterprise Bank operates in the Banks industry. Enterprise Bank generates $263.5M less revenue than Berkshire Bank.

PeoplesBank is a top competitor of Berkshire Bank. PeoplesBank is a Private company that was founded in Holyoke, Massachusetts in 1885. PeoplesBank is in the Banks field. PeoplesBank has 1,614 fewer employees vs. Berkshire Bank.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$420.2M

Berkshire Bank's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 351.8M. Over the last four quarters, Berkshire Bank's revenue has decreased by 34.5%. Specifically, in Q2 2020's revenue was $77.4M; in Q1 2020, it was $92.1M; in Q4 2019, it was $132.4M; in Q3 2019, Berkshire Bank's revenue was $118.3M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
SI Financial Group, Inc.

Dec 2018

Source »
undisclosed
SI Financial is a provider of mortgage, wealth management, personal and commercial banking products and services for individuals and businesses.
Savings Institute Bank & Trust

Dec 2018

Source »
undisclosed
Savings Institute is a provider of mortgage, wealth management, personal and commercial banking products and services for individuals and businesses.
Commerce Bancshares Inc /mo/

May 2017

Source »
undisclosed
Commerce Bank is a provider of wealth management, commercial and consumer banking services.
Commerce Bank

May 2017

Source »
undisclosed
Commerce Bank is a provider of personal and commercial banking services.
First Choice Bank

Jun 2016

Source »
$111.7M
First Choice Bank provides banking, loan solutions, investments and financial services.

These are all the companies that Berkshire Bank has acquired. Berkshire Bank has acquired 7 companies and its latest acquisition was SI Financial Group, Inc. in Dec 2018. SI Financial is a provider of mortgage, wealth management, personal and commercial banking products and services for individuals and businesses.

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

BSM is a bio-pharmaceutical company that develops and manufactures sterile drug products for clinical applications.
$16.5M
May 31, 2020
Equity
-

These are all the companies that Berkshire Bank has invested in. Berkshire Bank has invested 7 companies and its latest investment was SI Financial Group, Inc. in Dec 2018. SI Financial is a provider of mortgage, wealth management, personal and commercial banking products and services for individuals and businesses.

Berkshire Bank News

September 3, 2020Solar Industry

Berkshire Bank Chooses Nexamp as its Community Solar Provider

Berkshire Bank, a community bank headquartered in Massachusetts, has chosen Boston-based Nexamp as it... See more »
August 16, 2020Banker & Tradesman

Berkshire's Next CEO Matters

As Berkshire Bank embarks on its second CEO search in less than two years, its board can do a service... See more »
August 11, 2020Boston Citybizlist

Berkshire Hills Bancorp's CEO Steps Down

Less than two years after taking the role, Richard Marotta is stepping down as president and CEO of B... See more »
August 11, 2020The Business Journals: Albany Business Review

Berkshire Bank CEO abruptly resigns amid lender's struggles

Berkshire Bank CEO Richard Marotta has left the lender, effective immediately, to "pursue new opportu... See more »
August 10, 2020News Break

Berkshire Hills Bancorp executive leadership transition | News Break

After spending 10 years with Berkshire Hills Bancorp (BHLB +4.0%), president & CEO Richard M. Marotta... See more »

Berkshire Bank Press Releases

October 28, 2019centralcharts

Berkshire Hills Reports Third Quarter Results; Dividend Declared

Berkshire Hills Reports Third Quarter Results; Dividend Declared PR Newswire BOSTON, Oct. 28, 2019 BO... See more »
May 30, 2019PR Newswire

Berkshire Hills welcomes Baye Adofo-Wilson, Rheo A. Brouillard and William H. Hughes III to Board and announces additional changes

BOSTON, May 30, 2019 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the financial holdin... See more »
May 2, 2019PRWeb

First Choice Loan Services Ranks Among Fifty Best Mortgage Companies To Work For

Home Financing Company Honored for Sixth Year by Mortgage Executive Magazine(PRWeb May 02, 2019)Read ... See more »
January 9, 2019CentralCharts

Berkshire Hills Fourth Quarter 2018 Earnings Release and Conference Call Dates

Berkshire will also conduct a conference call/webcast at 10:00 a.m. eastern time on Thursday, January... See more »
January 8, 2019StreetInsider

Berkshire Hills Fourth Quarter 2018 Earnings Release and Conference Call Dates

Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release after the m... See more »
December 11, 2018StreetInsider

Berkshire Hills to Acquire SI Financial Group

Berkshire's total assets will increase to $13.6 billion including the $1.6 billion in acquired SIFI a... See more »
January 5, 2018PR Newswire

Berkshire Hills Fourth Quarter 2017 Earnings Release and Conference Call Dates

PITTSFIELD, Mass., Jan. 5, 2018 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue... See more »

Berkshire Bank Videos

June 2, 2020Berkshire Bank Youtube Channel

"Berkshire Bank Wallet :30 Spot" on YOUTUBE

September 14, 2019Berkshire Bank Youtube Channel

"We are Berkshire Bank Wealth Management" on YOUTUBE

August 30, 2019Berkshire Bank Youtube Channel

"Berkshire Bank's Mission Statement" on YOUTUBE

Social Statistics

Headquarters

60 State Street

Boston, Massachusetts02109

1-800-773-5601

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Summary

ABOUT

Overview

Berkshire Bank is a financial institution that provides insurance, wealth management, retail and commercial banking services. Berkshire Bank was founded in 1846. Berkshire Bank's headquarters is located in Boston, Massachusetts, USA 02109. Berkshire ...

CEO

Berkshire Bank's Interim-CEO, Sean A. Gray, currently has an approval rating of 82%. Berkshire Bank's primary competitors are Republic Bank, Enterprise Bank & PeoplesBank.

Website

berkshirebank.com

Frequently Asked Questions about Berkshire Bank

  1. When was Berkshire Bank founded?

    Berkshire Bank was founded in 1846
  2. Who is Berkshire Bank's CEO?

    Berkshire Bank's CEO is Sean A. Gray
  3. How much revenue does Berkshire Bank generate?

    Berkshire Bank generates $420.2M in revenue
  4. How much funding does Berkshire Bank have?

    Berkshire Bank has historically raised $0 in funding
  5. Where is Berkshire Bank's headquarters?

    Berkshire Bank's headquarters is in Boston Massachusetts, USA
  1. How many employees does Berkshire Bank have?

    Berkshire Bank has 1,917 employees
  2. What sector does Berkshire Bank operate in?

    Berkshire Bank is in Banks
  3. Who are Berkshire Bank's competitors?

    Berkshire Bank's top competitors are Republic Bank, Enterprise Bank, PeoplesBank
  4. Who has Berkshire Bank invested in?

    Berkshire Bank's has invested in companies such as BSM