Beacon Financial Corporation Completes Merger of Equals between Berkshire Hills Bancorp and Brookline Bancorp.

Beacon Financial Corporation has completed the merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, creating a new entity called Beacon Financial Corporation. The merged entity, Beacon Bank & Trust, is a full-service regional banking franchise with $24 billion in assets and over 145 branch offices across New England and New York. Beacon Bank also offers wealth management and trust services with $3 billion in assets under management. The merger is effective as of September 1, 2025.

BOSTON, Sept. 2, 2025 /PRNewswire/ — Beacon Financial Corporation (NYSE: BBT) has successfully completed the merger of equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc., effective as of September 1, 2025. The new entity, Beacon Financial Corporation, now serves as the holding company for Beacon Bank & Trust, commonly known as Beacon Bank.

The merged entity, Beacon Bank & Trust, is a full-service regional banking franchise with $24 billion in assets and over 145 branch offices across New England and New York. Beacon Bank also offers extensive wealth management and trust services, managing $3 billion in assets under management. The company provides a wide range of banking solutions, including commercial, cash management, asset-based lending, retail, consumer, and residential products and services. These services are delivered through its banking divisions—Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank.

Paul A. Perrault, CEO of Beacon Financial Corporation, stated, "We are pleased to have successfully completed our merger of equals to form Beacon Financial Corporation and position the Company to be a predominant regional bank serving the Northeast. Our focus now turns to completing the integration of our banking systems to deliver a seamless client experience, provide additional service capabilities, and generate enhanced financial performance for stockholders."

Clients of the merged entity can continue banking as usual through their respective Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank branches, websites, mobile apps, financial advisors, and relationship managers operating as divisions of Beacon Bank. Additionally, clients can now enjoy fee-free ATM withdrawals at any Berkshire Bank, Brookline Bank, Bank Rhode Island, or PCSB Bank ATM location.

Over the coming months, clients will begin to see updates such as the new name on statements, in online banking, and at branches as the combined company transitions to the Beacon Bank brand. The integration of banking systems is expected to be completed in the first quarter of 2026.

For media inquiries or further information, contact:
Gary R. Levante
Chief Communication & Sustainability Officer
413.447.1737
glevante@berkshirebank.com

For investor relations, contact:
Carl M. Carlson
Chief Financial and Strategy Officer
617.425.5331

References
[1] https://finance.yahoo.com/news/beacon-financial-corporation-completes-merger-123000835.html
[2] https://ir.berkshirebank.com/News--Events/news/news-details/2025/Beacon-Financial-Corporation-Completes-Merger-of-Equals-between-Berkshire-Hills-Bancorp-and-Brookline-Bancorp/default.aspx