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Banks (Finance)

Berkshire Hills Bancorp Completes Merger with Brookline Bancorp to Form Beacon Financial Corp.

Strategic Insights

— 1 min read

Boston, US-based bank holding company Beacon Financial Corp., Inc. (NYSE: BBT) has officially closed the merger of equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc., creating a full-service regional banking franchise with over $24 billion in assets. The combined entity, Beacon Bank & Trust, is headquartered in Boston and operates over 145 branches throughout New England and New York. The merger brings together Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank under a single brand, offering a range of banking solutions, including commercial, cash management, and retail products.

Key Takeaways:

  • The merger creates a new entity, Beacon Financial Corp. (NYSE: BBT), with over $24 billion in assets and 145 branches across New England and New York.
  • The combined entity operates through four banking divisions: Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank.
  • Beacon Bank offers a suite of banking solutions, including commercial, cash management, asset-based lending, retail, consumer, and residential products and services.
  • The company provides private wealth services through Clarendon Private and equipment financing through its Eastern Funding subsidiary.
  • SBA lending is offered through 44 Business Capital, and clients can continue banking through their respective branches, websites, and mobile apps.

Statistics:

  • $24 billion: Beacon Bank's assets under management.
  • 145: Number of branches across New England and New York.
  • 4: Number of banking divisions operating under the Beacon Bank brand.
  • 3 billion: Assets under management through Clarendon Private.
  • 1st quarter 2026: Expected completion of integration of banking systems.
  • Boston, Massachusetts: Headquarters of Beacon Financial Corp. (NYSE: BBT).

Sources:

  • Beacon Bank & Trust press release (September 3, 2025)
  • Beacon Financial Corp. (NYSE: BBT) NYSE listing announcement
  • M2 Communications article, "Berkshire Hills Bancorp Closes Merger with Brookline Bancorp"

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