
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.
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.
Berkshire Bank is facing $16 million in exposure to a “potentially fraudulent activity” by one of its commercial loan customers.