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    Berkshire Bancorp Inc. (BERK)

    -Other OTC
    7.99 Up 0.23(2.95%) Nov 25, 1:27PM EST
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    Berkshire Bancorp Inc.
    160 Broadway
    New York, NY 10038
    United States - Map
    Phone: 212-791-5362
    Website: http://www.berkbank.com

    Index Membership:N/A
    Industry:Regional - Northeast Banks
    Full Time Employees:110

    Business Summary 

    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.

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    Corporate Governance 
    Berkshire Bancorp Inc.’s ISS Governance QuickScore as of Jul 1, 2013 is 9. The pillar scores are Audit: 10; Board: 10; Shareholder Rights: 4; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Moses Krausz , 74
    Director, Chief Exec. Officer of The Berkshire Bank and Pres of The Berkshire Bank
    Mr. David W. Lukens Jr., 65
    Chief Financial Officer of The Berkshire Bank and Exec. VP of The Berkshire Bank
    Dr. Joseph Fink , 57
    Chief Exec. Officer, Pres, Chief Financial Officer, Treasurer and Director
    Mr. Tami M. Gunsch ,
    Sr. VP of Retail Banking
    Mr. Emanuel J. Adler Esq.,
    Amounts are as of Dec 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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