Asset Management/Trust Group | Private Banking | Berkshire's Business Connection

Personal Services

Asset Management/Trust Group

The Asset Management/Trust Group will design a comprehensive program dedicated to the effective management of your assets, including financial planning, investment counseling and management.

Investment Management

Having an effective financial plan is an important part of estate planning. We'll work with you to conserve the assets you've built. Estate planning is an ongoing process. And, once you start to realize your financial goals, asset preservation and how to avoid estate taxes become important factors in estate planning.

Contact us to request a copy of our Trust & Estate Planning Guide to create a bright future for your family.

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Trust Administration

• IRA Rollovers
• Investment Management Accounts
• Personal Trusts
• Pension Plans
• Profit Sharing Plans
• 401(k) Plans
• SEP (Simplified Employee Pension)
• IRA Trusts

Related Services: Investment Management |  Retirement Accounts

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Private Banking Group

Successful clients require a higher level of expertise, advocacy, and a complete suite of financial services. Within Berkshire Bank is a group of seasoned, capable and action oriented Private Bankers dedicated to orchestrating the financial needs of this client. Our goal is to organize, expedite, and anticipate all of your banking, credit, investment, and financial planning needs. The Private Banking Group draws from all of the bank’s resources in a seamless manner – an organization without boundaries – focused on meeting and exceeding your goals for building and protecting your wealth.

Private Banking is a responsive, dependable, dynamic relationship which grows with you through life. Your Private Banker is focused on you and a pattern of excellence in an environment of confidentiality and trust.

While every client’s situation and goals are unique, we offer all of the following features:

• Free checks and combined statements
• Expedited credit facilities and analysis - mortgage, portfolio, and personal lending
• Private Banking Gold Express debit card- no ATM fees. Daily cash withdrawal up to $1000
• Daily debit card purchases up to $5000
• Special CD products
• Private Banking Money Market Account featuring preferred interest rates on tiered schedules
• Wire transfer and account transfer management
• Reddi-Cash overdraft protection of $10,000.00
• Personal unsecured line of credit of $20,000.00
• All consumer loan products at preferred interest rate discounts: auto, mortgage products, personal loans, etc.
• Accelerated underwriting process for consumer lending and mortgages
• NO fee personal banking services-with a single source

Additional Benefits:

• A dedicated Private Banker and all the Bank’s resource specialists at your disposal
• Financial planning and annual investment review
• Estate planning and document review
• Risk management and insurance analysis
• Annual tax planning
• Individualized portfolio management and creation of a family investment policy statement – a financial blueprint to help you realize your goal
• Full fiduciary services
• Comprehensive financial management from a single source and coordination with your outside professional advisors
• Invitations to special events and concierge services

Program Requirements:

• Minimum amount required on deposit at Berkshire Bank $150,000; or
• An existing trust relationship with Berkshire Bank

The Private Banking Group offers thoughtful, integrated, comprehensive wealth management in an efficient manner. We begin by establishing your confidential financial profile. We analyze your data and recommend strategies. A plan is then implemented, reviewed, monitored, and coordinated with your outside advisors. We guide you with objectivity and flexibility towards both strategic and tactical solutions.

Many times credit facilities are both useful and desirable. Whether it is a business loan, mortgage, portfolio, or personal loan – we draw upon highly specialized and effective decision makers who understand the importance of your needs and the value of your relationship to Berkshire Bank.

Protecting your wealth also requires comprehensive financial, tax, and transfer strategies. Crafting customized plans to maintain your assets and best provide for your family and loved ones are important. Maintaining your financial independence, safe guarding your retirement capital, and minimizing problems requires expertise, dependability and permanence.

Day-to-day finances become much more convenient when a Private Banker is available to you day or night – whether you are at home or halfway around the world – quietly and discretely working for you and your family.

For personal attention and cutting edge strategies, contact Jack Kelly, Certified Financial Planner, Vice President Private Banking at (413) 236-3162, Thomas Barney, Certified Financial Planner, Senior Vice President at (413) 236-3161, 1-800-773-5601, or contact us.

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Berkshire's Business Connection

PERSONAL FINANCIAL SERVICES FOR YOUR EMPLOYEES

Discover smarter banking with…Berkshire’s Business Connection

Berkshire’s Business Connection allows you to offer employees a benefit at absolutely no cost to you. If your company maintains its operating account with Berkshire Bank and you sign up, your employees will enjoy:

• Free Personal Checking – No minimum balance requirement, no monthly service charge, and unlimited check writing, if your net pay is automatically deposited into your checking account each pay period.
• Free personalized, wallet-style checks and reorders, too!
• Loan Discounts - Save 1.00% APR off our current consumer loan rates with autopay.
• Save $275 on your mortgage appraisal fee and get a free mortgage pre-qualification (you must qualify for these accounts and services to receive benefits).
• Overdraft Protection –- Courtesy Pay^SM may help you avoid the embarrassment of returned checks. It's a feature of your checking account where we will consider payment of your occasional or inadvertent overdrafts up to your Courtesy Pay^sm overdraft limit of $750 for personal accounts. Standard NSF/overdraft fee will be charged and assessed to your account for each item. +
• Free Internet Banking and unlimited Bill Payment Service – Transfer funds, check balances, pay bills and manage finances all without a trip to the bank.
• Free American Express Travelers Cheques, Money Orders, and Treasurer’s Checks – There’s no service fee for any of these standard checks.

Optional financial services through Berkshire’s Business Connection to complete this high-performance banking package.

• MasterMoney^TM Debit and ATM Card.
• Easy-to-read Combined Statement – brings together deposit and loan accounts on one clear and understandable statement.
• Free e-statements delivered automatically via the Internet to up to three email addresses without the delay of the postal system.
• 24/7 telephone access to account information to verify deposits and withdrawals, account transfers, and loan payments.
• Free ATM transactions at any Berkshire Bank ATM.

+ Berkshire Bank reserves the right to close a checking account due to mismanagement.