Beacon Financial Corporation Completes Merger of Equals to Form $24 Billion Regional Banking Franchise with Extensive Wealth Management and Trust Capabilities.

Beacon Financial Corporation has completed its merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, forming a $24 billion regional banking franchise with 145 branch offices across New England and New York. The combined company, Beacon Bank, trades on the NYSE under the ticker symbol "BBT" and will integrate banking systems in Q1 2026. Clients can continue banking as usual through their respective branches, websites, and mobile apps.

BOSTON, Sept. 2, 2025 /PRNewswire/ -- Beacon Financial Corporation (NYSE: BBT) has successfully completed its merger of equals between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc., forming a robust $24 billion regional banking franchise. The new entity, Beacon Bank & Trust, commonly known as Beacon Bank, will serve the Northeast region with over 145 branch offices across New England and New York. The merger was effective as of September 1, 2025.

The combined company offers a comprehensive suite of banking solutions, including commercial, cash management, asset-based lending, retail, consumer, and residential products and services. Beacon Bank's extensive wealth management and trust capabilities manage over $3 billion in assets under management, providing clients with best-in-class investment solutions and exceptional client service through its bank investment teams and subsidiary, Clarendon Private.

Paul A. Perrault, CEO of Beacon Financial Corporation, expressed satisfaction with the successful merger, stating, "We're 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 can continue banking as usual through their respective Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank branches, websites, and mobile apps. 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 see updates such as the new name on statements, online banking, and at branches as the combined company prepares for a full transition to the Beacon Bank brand by the first quarter of 2026.

For the latest merger integration information, clients can visit BeaconBank.com.

Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, and future performance of Beacon Financial Corporation. These statements are based on the Company's current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to future results and occurrences, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Any number of risks, uncertainties, or other factors could affect the Company's future financial results and performance and could cause actual results or performance to differ materially from anticipated results or performance.

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