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Firestone Financial Celebrates 55 Years in Business

Credits employees, support of customers and partners in achieving milestone

NEEDHAM, Mass. — Firestone Financial, a subsidiary of Berkshire Bank and a direct lender that provides Laundromat financing, is celebrating 55 years in business this year. The company is a lender in the amusement, attractions, fitness franchise, and vending industries.

“Firestone has achieved this milestone through the dedication of all our employees and the continued support of our customers, channel partners, and industry associations across all of our lines of business,” says Michael Smith, executive vice president and chief operating officer. “Over the years, we’ve stayed true to our roots in amusement and carnival financing while expanding our offerings and building relationships with innovative manufacturers who are constantly working to evolve our core industries.”

Smith says the company’s celebration comes at a unique time.

“Now more than ever, we’re dedicated to supporting our customers and guiding them through the current economic crisis as they look to thrive in the new post-pandemic environment,” he explains.

Founded in 1965, Firestone Financial was acquired by Berkshire Bank in 2015. They are active in numerous industry associations, including International Association of Amusement Parks and Attractions (IAAPA), American Amusement Machine Association (AAMA), and National Independent Concessionaires Association (NICA), and are a 3-Star Game Master Sponsor of Amusement and Music Operators Association (AMOA).