Berkshire Hills Bancorp, Inc. Reports Net Loan Charge-Offs for the Quarter Ended December 31, 2020
January 25, 2021 at 04:15 pm EST
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Berkshire Hills Bancorp, Inc. reported net loan charge-offs for the quarter ended December 31, 2020. For the quarter, the company reported net loan charge-offs of $17,105,000 compared to $4,006,000 a year ago.
Berkshire Hills Bancorp, Inc. is a holding company for Berkshire Bank (the Bank). The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The Company's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.
BERKSHIRE HILLS BANCORP, INC. 
