Exhibit 21

                           SUBSIDIARIES OF REGISTRANT


                                                                       Jurisdiction of
                                                                       Incorporation or
Name                                                                   Organization
- ----                                                                   ------------

                                                                    
Greater American Finance Group, Inc.                                   Delaware
The Berkshire Bank                                                     New York
East 39, LLC                                                           New York
Berkshire Agency, Inc.                                                 New York
Berkshire 1031 Exchange, LLC                                           New York
Berkshire Capital Trust I                                              Delaware
Berkshire Capital Trust II                                             Delaware


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