Beacon Financial Corporation completes the merger of equals between Berkshire Hills Bancorp and Brookline Bancorp.
The merger formed Beacon Financial Corporation as the parent company of Beacon Bank & Trust.
The combined entity is a $24 billion regional banking franchise headquartered in Boston with extensive wealth management and trust capabilities.
Formation of Beacon Financial Corporation
The merger created Beacon Financial Corporation as the parent Company of Beacon Bank & Trust.
Merger Details
The merger of Berkshire Hills Bancorp and Brookline Bancorp is effective as of September 1, 2025.
Trading Symbol
Beacon Financial Corporation trades on the New York Stock Exchange under the ticker symbol 'BBT'.
- Clients can continue banking with Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank branches under Beacon Bank.
- The integration of banking systems aims to provide a seamless client experience and enhanced financial performance.
- Clients will see updates such as the new name on statements, in online banking, and at branches as the companies transition to the Beacon Bank brand.
The completion of the merger signifies a strategic move to create a dominant regional bank focused on serving the Northeast with enhanced capabilities and service offerings.