Beacon Federal Bancorp, Inc. operates as the bank holding company for Beacon Federal that provides various banking services in New York, Massachusetts, Tennessee, and Texas. The companys deposit products include savings accounts, health savings accounts, certificates of deposit, NOW accounts, money market accounts, non-interest bearing checking accounts, and individual retirement accounts. Its loan portfolio comprises one-to four-family residential mortgage loans, home equity loans, commercial real estate loans, multi-family mortgage loans, commercial business loans, and construction loans; and consumer loans, including automobile loans, secured and unsecured personal loans, motorcycle and motor home loans, and boat loans. In addition, the company sells investment and insurance products, as well as provides tax preparation services. As of May 20, 2010, it operated seven full-service branches in East 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.