Berkshire Bank Files Lawsuit Over Defaulted Loan
Berkshire Bank has filed a lawsuit in New York state Supreme Court against Pioneer Bank over a loan that defaulted following the collapse of a cloud-based payroll company.
Our Top Banking Stories of 2019
With 2019 nearly in the books, it’s a good time to look back on what happened in the world of Massachusetts banking and lending in this tumultuous year.
Berkshire Bank Takes $12M Hit from Loan Default
A defaulted loan that has been linked to the collapse of a New York State payroll firm will reduce Berkshire Bank’s third quarter earnings by $12 million, according to an SEC filing.
Analyst Report Weighs in on Berkshire Bank Loan Default
An recently released report expects Berkshire Hills Bancorp to remain well-capitalized despite Berkshire Bank’s exposure to a $16 million loan default.
Berkshire Bank Faces $16M Exposure After Commercial Loan Defaults
Berkshire Bank is facing $16 million in exposure following “potentially fraudulent activity” by one of its commercial loan customers.
