As of October 19, 2012, Beacon Federal Bancorp, Inc. was acquired by Berkshire Hills Bancorp Inc. Beacon Federal Bancorp, Inc. operates as the bank holding company for Beacon Federal that provides various banking services. The company’s deposit products include savings accounts, health savings accounts, certificates of deposit, interest and noninterest-bearing checking accounts accounts, money market accounts, and individual retirement accounts. Its loan products portfolio comprises one-to four-family residential mortgage loans, consumer loans, home equity loans, commercial real estate loans, multi-family mortgage loans, and commercial business loans. The company also sells tax preparation services, as well as investment and insurance products on an agency basis. It operates from its corporate office located in East Syracuse, New York; and from eight full-service branches located in Syracuse, Marcy, and Rome, New York; Smartt and Smyrna, Tennessee; Tyler, Texas; and Chelmsford, Massachusetts. The company was founded in 1953 and is headquartered in East Syracuse, New York.