savings banks. Wealth Management Services The company’s Wealth Management Group provides consultative investment management and trust relationships to individuals, businesses, and institutions, with an emphasis on personal investment management. The company also provides a line of investment products, financial planning, and brokerage services utilizing Commonwealth Financial Network as the broker/dealer. Insurance As an independent insurance agent, the Berkshire Insurance Group, Inc. represents a selected group of financially sound, reputable insurance companies. The Insurance Group offers a line of personal and commercial property and casualty insurance. It also offers employee benefits insurance and a line of personal life, health, and financial services insurance products. Berkshire Insurance Group operates a focused cross-sell program of insurance and banking products through all offices and branches of the bank. Competition The company competes with Bank of America, TD Bank, Citizens Bank, Sovereign Bank, and Key Bank. Regulation and Supervision The company is a Delaware corporation and savings and loan holding company registered with the Federal Reserve Board. The bank’s deposits are insured up to applicable limits by the FDIC and by the Depositors Insurance Fund of Massachusetts for amounts in excess of the FDIC insurance limits. The bank is subject to extensive regulation by the Massachusetts Commissioner of Banks (the Commissioner) as its chartering agency, and by the FDIC, as its deposit insurer. As a savings and loan holding company, the company is required by federal law to file reports with, and otherwise comply with the rules and regulations of, the Federal Reserve Board. As a Massachusetts-chartered depository institution, the bank is subject to supervision, regulation and examination by the Commissioner and to various Massachusetts statutes and regulations which govern, among other things, investment powers, lending and deposit-taking activities, borrowings, maintenance of surplus and reserve accounts, distribution of earnings and payment of dividends. In addition, the bank is subject to Massachusetts consumer protection and civil rights laws and regulations. Berkshire Bank Municipal Bank is subject to extensive regulation, examination and supervision by the New York State Superintendent of Banks, as its primary regulator, and the FDIC, as the deposit insurer. It is also subject to regulation as to certain matters by the Federal Reserve Board. The bank is subject to federal and state consumer protection statutes and regulations applicable to depository institutions, including Truth-In-Lending Act; Home Mortgage Disclosure Act; Equal Credit Opportunity Act; Fair Credit Reporting Act; Fair Debt Collection Act; and Electronic Funds Transfer Act. History Berkshire Hills Bancorp, Inc. was founded in 1846.
berkshire hills bancorp inc
24 North Street
Pittsfield, MA 01201
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