About Berkshire Bank
Berkshire Bank is a company based in Pittsfield (United States) founded in 1846.. The company has 956 employees as of December 31, 2022. Berkshire Bank has completed 5 acquisitions, including Bank at Commerce, First Choice Bank and Hampden Bank. Berkshire Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Pittsfield, United States
- Employees 956 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$413.53 M-5as on Dec 31, 2022
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Net Profit
$92.53 M-22as on Dec 31, 2022
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EBITDA
$120.79 M-22as on Dec 31, 2022
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Latest Funding Round
$100 M (USD), Post-IPO
Dec 17, 2024
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Investors
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Employee Count
956
as on Dec 31, 2022
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Investments & Acquisitions
Bank at Commerce
& 4 more
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Leadership Team
106 people
Software Development Team
42 people
Finance and Accounting
12 people
Legal and Compliance
9 people
Senior Team
6 people
Commercial Team
4 people
Data Analysis and Operations Team
4 people
Sales and Marketing
4 people
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Funding Insights of Berkshire Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $100.0M
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First Round
First Round
(31 Oct 2008)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - Berkshire Bank | Valuation |
investors |
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| Oct, 2008 | Amount | Post-IPO - Berkshire Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Berkshire Bank
Berkshire Bank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Bank at Commerce, First Choice Bank and Hampden Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial bank
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2007 | ||||
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Commercial banking services are provided in the United States.
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1955 | ||||
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Commercial banking services are offered throughout the United States.
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1846 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Berkshire Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Berkshire Bank Comparisons
Competitors of Berkshire Bank
Berkshire Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Berkshire Bank
Frequently Asked Questions about Berkshire Bank
When was Berkshire Bank founded?
Berkshire Bank was founded in 1846 and raised its 1st funding round 162 years after it was founded.
Where is Berkshire Bank located?
Berkshire Bank is headquartered in Pittsfield, United States. It is registered at Pittsfield, Massachusetts, United States.
Who is the current CEO of Berkshire Bank?
Michael Daly is the current CEO of Berkshire Bank.
How many employees does Berkshire Bank have?
As of Dec 31, 2022, the latest employee count at Berkshire Bank is 956.
What is the annual revenue of Berkshire Bank?
Annual revenue of Berkshire Bank is $413.53M as on Dec 31, 2022.
What does Berkshire Bank do?
Berkshire Bank was established in 1846 in Pittsfield, United States, as a commercial bank. Core operations encompass deposit accounts, lending solutions, and treasury management for businesses and individuals. Services are extended across the northeastern region, with a focus on community-based financial support. The bank maintains a network of branches and digital platforms to facilitate everyday banking needs. Leadership is directed by CEO Michael Daly.
Who are the top competitors of Berkshire Bank?
How many acquisitions has Berkshire Bank made?
Berkshire Bank has made 5 acquisitions, including Bank at Commerce, First Choice Bank, and Hampden Bank.