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Last $7.75 USD
Change Today 0.00 / 0.00%
Volume 1.0K
BERK On Other Exchanges
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

berkshire bancorp inc (BERK) Snapshot

Previous Close
Day High
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52 Week High
11/24/14 - $9.00
52 Week Low
05/21/15 - $7.65
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for BERKSHIRE BANCORP INC (BERK)

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berkshire bancorp inc (BERK) Details

Berkshire Bancorp Inc. operates as the bank holding company for The Berkshire Bank that provides community banking services primarily 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 offered 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 loans, home equity loans and lines of credit, and short-term fixed-rate consumer loans. The company also offers title insurance agency services; and acts as a qualified intermediary in connection with tax free exchanges under Section 1031 of the Internal Revenue Code of 1986. It operates through 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. The company was founded in 1979 and is based in New York, New York.

110 Employees
Last Reported Date: 04/16/13
Founded in 1979

berkshire bancorp inc (BERK) Top Compensated Officers

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Executives, Board Directors

berkshire bancorp inc (BERK) Key Developments

Berkshire Bancorp Inc. Declares Cash Dividend, Payable on January 22, 2015

Berkshire Bancorp Inc. announced that its Board of Directors has declared a cash dividend in respect of the common stock of the Company, in the amount of $0.10 per share. The cash dividend will be paid on January 22, 2015 to the holders of record of the Company's common stock as of the close of business on January 12, 2015.

Berkshire Bank Opens New Branch and Financial Service Center in Massachusetts

Berkshire Bank announced that the bank has opened a new full-service branch and financial service center located at 303 Turnpike Road in Westborough, Massachusetts. Berkshire Bank's Westborough financial center offers a network of financial services including personal and business banking, mortgage, insurance, and wealth management. The fullservice branch includes Berkshire Bank's teller pod design which provides more personalized service, faster transactions, improved accuracy and enhanced security. Berkshire's Westborough financial center covers 10,000 square feet, and the floor plans were designed to maximize teamwork and efficiency while enabling staff to easily shift tasks to respond to customer traffic. Amenities include a multi-functional Community Room, featuring a flat-screen TV and offering individuals and community organizations a free meeting hub, as well an America's Most Exciting Bank (AMEB) Cafe with a coffee station for customers during their time at the branch. Berkshire Bank's Westborough branch includes personal and commercial business banking, lending, investment and wealth management services with 24-hour ATM banking.

Berkshire Bancorp Inc.(OTCPK:BERK) dropped from NASDAQ Composite Index

Berkshire Bancorp Inc. will be removed from NASDAQ Composite Index.


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Industry Average

Valuation BERK Industry Range
Price/Earnings 17.0x
Price/Sales 4.3x
Price/Book 0.9x
Price/Cash Flow 17.0x
TEV/Sales NM Not Meaningful

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