PR Newswire
Berkshire Bancorp Inc. (OTCQB: BERK) reported today that the Federal Reserve Bank of New York received an application from TBB Investments LLC and TBB Intermediate LLC (together, the "Applicants") to become bank holding companies, by acquiring Berkshire Bancorp, Inc. ("BERK") and thereby indirectly acquiring Berkshire Bank, and to merge TBB Intermediate LLC with and into BERK. The application states that, at the time of the potential transaction, the Applicants would be owned by Mr. Moses Marx,