Beacon Federal Bancorp, Inc. is a federally chartered savings association. The Company owns all of the issued and outstanding stock of Beacon Federal, a federally chartered savings association. The Company’s principal business consists of originating one- to four-family residential mortgage loans, consumer loans, home equity loans, commercial real estate loans, multi-family mortgage loans and commercial business loans. These loans are originated from its main office in East Syracuse, New York, and from its six full-service branch offices located in Marcy and Rome, New York, Smartt and Smyrna, Tennessee, Tyler, Texas and Chelmsford, Massachusetts. All loans originated in its branch offices are centrally underwritten in its main office.