Home > Finance and Investments, General Business News > Two ex-Berkshire Bank Branches to Close

Two ex-Berkshire Bank Branches to Close

Customers Bank, which finalized its acquisition of Berkshire Bancorp Inc. on Sept. 17, said Friday that two of the five former Berkshire Bank branches will be closed by year’s end.

The offices are at 555 Penn Ave., West Reading, and 2493 Bernville Road, Bern Township.

Jay S. Sidhu, chairman and chief executive of Customers Bank, based in Wyomissing, said the branches, which Berkshire bought from Fleetwood Bank in 2007, were unprofitable for both of those banks.

Sidhu said accounts held at those branches and their employees, whose number he could not provide, will be consolidated into other branch locations.

via Berks business log: Two ex-Berkshire Bank branches to close.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: