Beacon Financial Corporation Completes Merger of Equals between Berkshire Hills Bancorp and Brookline Bancorp
Beacon Financial Corporation (NYSE: BBT) has completed its merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, effective September 1, 2025. The merger creates a $24 billion regional banking franchise headquartered in Boston, operating as Beacon Bank & Trust with over 145 branch offices across New England and New York.
The combined entity features extensive wealth management capabilities, managing over $3 billion in assets through its subsidiary Clarendon Private. Clients will maintain access to existing services while gaining fee-free ATM access across all bank divisions. Full integration of banking systems is expected in Q1 2026.
Beacon Financial Corporation (NYSE: BBT) ha completato la fusione per incorporazione tra Berkshire Hills Bancorp e Brookline Bancorp, effettiva dal 1° settembre 2025. La nuova realtà dà vita a una franchigia bancaria regionale da 24 miliardi di dollari con sede a Boston, operante come Beacon Bank & Trust e dotata di oltre 145 filiali in Nuova Inghilterra e New York.
La società risultante offre capacità avanzate di gestione patrimoniale, con oltre 3 miliardi di dollari in gestione tramite la controllata Clarendon Private. I clienti manterranno l'accesso ai servizi attuali e avranno inoltre la possibilità di usare gli sportelli ATM senza commissioni in tutte le divisioni bancarie. L'integrazione completa dei sistemi bancari è prevista per il primo trimestre del 2026.
Beacon Financial Corporation (NYSE: BBT) ha finalizado su fusión entre Berkshire Hills Bancorp y Brookline Bancorp, con efecto desde el 1 de septiembre de 2025. La unión origina una entidad bancaria regional de 24.000 millones de dólares con sede en Boston, que operará como Beacon Bank & Trust y contará con más de 145 sucursales en Nueva Inglaterra y Nueva York.
La entidad combinada dispone de amplias capacidades de gestión de patrimonios, administrando más de 3.000 millones de dólares en activos a través de su filial Clarendon Private. Los clientes conservarán el acceso a los servicios actuales y, además, dispondrán de retiros gratuitos en cajeros automáticos en todas las divisiones del banco. La integración completa de los sistemas bancarios se espera para el primer trimestre de 2026.
Beacon Financial Corporation (NYSE: BBT)는 2025년 9월 1일부로 Berkshire Hills Bancorp와 Brookline Bancorp의 동등 합병을 완료했습니다. 이번 합병으로 보스턴에 본사를 둔 240억 달러 규모의 지역 은행 그룹인 Beacon Bank & Trust가 탄생했으며, 뉴잉글랜드와 뉴욕에 145개 이상의 지점을 운영하게 됩니다.
합병 법인은 자산운용 역량이 강화되어 자회사 Clarendon Private를 통해 30억 달러 이상의 자산을 관리합니다. 고객은 기존 서비스 이용을 유지하는 한편, 모든 은행 부문에서 수수료 없는 ATM 이용 혜택을 받을 수 있습니다. 은행 시스템의 완전 통합은 2026년 1분기에 완료될 예정입니다.
Beacon Financial Corporation (NYSE: BBT) a finalisé sa fusion entre Berkshire Hills Bancorp et Brookline Bancorp, effective au 1er septembre 2025. Cette opération crée une entité bancaire régionale de 24 milliards de dollars basée à Boston, opérant sous le nom Beacon Bank & Trust et disposant de plus de 145 agences en Nouvelle-Angleterre et à New York.
Le groupe fusionné propose de solides capacités en gestion de patrimoine, gérant plus de 3 milliards de dollars d'actifs via sa filiale Clarendon Private. Les clients conserveront l'accès à leurs services actuels et bénéficieront en outre d'un accès gratuit aux distributeurs automatiques au sein de toutes les divisions bancaires. L'intégration complète des systèmes bancaires est prévue pour le premier trimestre 2026.
Beacon Financial Corporation (NYSE: BBT) hat die Gleichwertige Fusion zwischen Berkshire Hills Bancorp und Brookline Bancorp zum 1. September 2025 vollzogen. Die Transaktion schafft eine regional tätige Bankengruppe im Wert von 24 Milliarden US-Dollar mit Sitz in Boston, die unter dem Namen Beacon Bank & Trust operiert und mehr als 145 Filialen in Neuengland und New York betreibt.
Das kombinierte Institut verfügt über umfangreiche Vermögensverwaltungs‑Kapazitäten und verwaltet über 3 Milliarden US-Dollar an Vermögen über die Tochtergesellschaft Clarendon Private. Kunden behalten den Zugang zu bestehenden Dienstleistungen und erhalten zusätzlich gebührenfreie Geldautomatenverwendung in allen Banksparten. Die vollständige Integration der Bankensysteme ist für das erste Quartal 2026 geplant.
- Creation of a substantial $24 billion regional banking franchise
- Extensive network of 145+ branch offices across New England and New York
- Strong wealth management division with $3 billion in assets under management
- Enhanced ATM network with fee-free withdrawals across all divisions
- Integration risks during systems transition through Q1 2026
- Potential operational challenges in merging multiple banking divisions
Insights
Merger creates a substantial $24B regional bank with enhanced competitive positioning and scale advantages in the Northeast banking landscape.
The completion of this merger of equals between Berkshire Hills Bancorp and Brookline Bancorp marks a significant transformation in the New England banking landscape. The newly formed Beacon Financial Corporation emerges as a $24 billion regional banking franchise with over 145 branch locations across New England and New York, creating a substantially larger entity with enhanced scale and geographic reach.
This strategic combination delivers immediate benefits through consolidated operations while preserving existing client relationships through the continuation of legacy bank branding in the near term. The merger strategically positions Beacon as a more formidable competitor against larger national banks while maintaining regional focus. The $3 billion in assets under management in wealth management and trust services represents a significant revenue diversification beyond traditional banking activities.
From an operational perspective, management has outlined a clear integration roadmap, with systems integration scheduled for Q1 2026. The phased approach to brand transition demonstrates thoughtful planning to maintain client relationships while working toward operational efficiency. The immediate implementation of fee-free ATM withdrawals across all bank branches shows quick action on customer-facing benefits.
The creation of this substantially larger regional bank provides enhanced scale advantages including operational efficiencies, improved technology capabilities, and potentially better access to capital markets. As regional banks face increasing competition from fintech disruptors and national banks, this consolidation strengthens Beacon's competitive positioning in its core Northeast markets.
The merger of equals created Beacon Financial Corporation (the "Company"), the parent company of Beacon Bank & Trust, commonly known as Beacon Bank. Beacon Bank is a full-service,
"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. We thank the employees of both companies for their hard work and dedication to ensuring the timely completion of the merger. 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," stated Paul A. Perrault, CEO of the Company.
Clients can continue banking just as they do today 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. In addition, they can now enjoy fee-free ATM withdrawals at any Berkshire Bank, Brookline Bank, Bank Rhode Island or PCSB Bank ATM location. Over time, clients will begin to see updates such as the new name on statements, in online banking and at branches as the combined company prepares for a full transition to the Beacon Bank brand, along with integration of banking systems in the first quarter of 2026. Clients can find the latest merger integration information online at BeaconBank.com
Media inquiries or further information:
Media:
Gary R. Levante
Chief Communication & Sustainability Officer
413.447.1737
glevante@berkshirebank.com
Investor Relations:
Carl M. Carlson
Chief Financial and Strategy Officer
617.425.5331
About Beacon Financial Corporation & Beacon Bank & Trust
Beacon Financial Corporation (NYSE: BBT) is the holding Company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast that was created on September 1, 2025 through the merger of equals between Berkshire Hills Bancorp and Brookline Bancorp. Headquartered in
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 the future performance of Beacon Financial Corporation.
Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "could," "may," "should," "will" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on the Company's current expectations and assumptions regarding the Company's 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. Such risks and uncertainties include, among others: the possibility that the anticipated benefits of the merger are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where the Company does business; the possibility that revenues following the merger may be lower than expected; the ability to complete the integration of the two companies successfully; and the potential impact of general economic, political or market factors on the Company and other factors that may affect future results of the Company. The foregoing list of factors is not exhaustive. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2025 and June 30, 2025 and its other filings with the SEC. SEC filings are available free of charge on the SEC's website at www.sec.gov.
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SOURCE Beacon Financial Corporation
FAQ
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