Berkshire Hills Bancorp and Brookline Bancorp Merger of Equals Form Beacon Financial Corporation
September 2, 2025
Berkshire Hills Bancorp and Brookline Bancorp announced a merger of equals to combine their regional banking franchises into a new holding company, Beacon Financial Corporation, and its bank brand, Beacon Bank. The combined company is expected to complete the transaction in the third quarter of 2025, subject to regulatory approvals and customary closing conditions.
- Buyers
- Berkshire Hills Bancorp, Inc., Beacon Financial Corporation (new holding company)
- Targets
- Brookline Bancorp, Inc.
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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