About Commerce Bank
Commerce Bank, headquartered in Worcester, Massachusetts, was founded in 1955 and acquired in 1993 by David “Duddie” Massad. Serving as a community bank in the Worcester and Boston areas, Commerce offers middle-market lending, specialty finance services, and maintains relationships with multiple Payroll Service Bureau customers.
We’re excited to be joining the Berkshire family. The strategic fit between the two organizations provides significant opportunities for our customers and communities. Our valued customers will benefit from the enhanced balance sheet strength and broader array of products and services offered by Berkshire, while our employees continue to provide the level of service our Worcester and Boston clients have come to expect. We’re confident that this partnership will reflect the values and talents of both organizations.
Two Commerce board members joined Berkshire’s board. In addition, Commerce Bank's former Chief Executive Officer, Brian W. Thompson, along with Chief Operating Officer, Michael J. Crawford, will serve as advisors to Berkshire and liaisons to the local community. Key senior executives from Commerce Bank will remain with Berkshire Bank in continuing leadership roles.
About Berkshire Bank
We’re pleased to welcome Commerce Bank customers and employees to America's Most Exciting Bank®. With the addition of the Commerce team, we will be able to leverage the strengths of both banks and capitalize on growth opportunities in the attractive, high-growth Central and Eastern Massachusetts markets.
We’ll also further solidify our Boston presence by moving our corporate headquarters into the heart of Boston. Our partnership with Commerce Bank provides us with the catalyst to not only be the largest regional bank headquartered in Boston, but to also be the first regional bank in two decades to have downtown headquarters. This paves the way for significant opportunities ahead to attract talent and capitalize on our previous Eastern Massachusetts growth and the strong Commerce core banking franchise.
Berkshire Hills Bancorp is the parent of Berkshire Bank - America's Most Exciting Bank® was founded in 1846. The Company has approximately $11.6 billion in assets, 113 full service branches in Massachusetts, New York, Connecticut, Vermont, New Jersey, and Pennsylvania providing personal and business banking, insurance, and wealth management services. The Company also offers mortgages and specialized commercial lending services in targeted national markets. For more information, visit www.berkshirebank.com.
Through foundation grants to nonprofits, scholarships to students, environmental programs, and employee volunteerism, Berkshire Bank is making a difference. Each year the Foundation donates $2 million to nonprofits throughout the Bank's footprint and 100% of bank employees provide over 40,000 hours of service through their XTEAM® corporate volunteer program. Berkshire Bank was named one of Massachusetts' Most Charitable Companies by the Boston Business Journal in 2017. To learn more about Berkshire Bank Foundation, visit berkshirebank.com/community.
The core of our relationship with our customers is our full complement of personalized products and services including:
Free Checking and High-Yield Saving Accounts | Free Online Banking and Bill Pay | Mobile Banking | CDs | IRAs | Cash Reserve | A Variety of Loans
Free Business Checking | Expert Commercial Lending and Real Estate Services | International Services | Aircraft Lending | Cash Management | Merchant Services