Outstanding Community Reinvestment Act (CRA) Rating

In our last performance evaluations, we received an outstanding community reinvestment rating by both the Federal Deposit Insurance Corporation (FDIC) and the Division of Banks of the Commonwealth of Massachusetts.

We feel strongly that our role as a community bank is to reinvest back into the community and to provide credit for individuals and businesses. Putting this philosophy into practice helped earn Berkshire Bank an outstanding rating and reflects a sincere commitment to meet the credit needs of its assessment area.

Here's what the FDIC had to say about us in their evaluation:

"Berkshire Bank has a strong commitment to support its community and provides an excellent level of qualified investments and donations, some of which are considered innovative and complex. Berkshire Bank has taken a leadership role in providing investments within its assessment area."

"Berkshire Bank uses flexible lending programs that make credit more readily available to low and moderate income borrowers and in low-and-moderate-income areas. The Bank also makes extensive use of small business lending programs geared to assist businesses that do not qualify for conventional financing."

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