Brookline Bncp Stock Price, News & Analysis
Company Description
Brookline Bancorp, Inc. (NASDAQ: BRKL) is a bank holding company headquartered in Boston, Massachusetts. According to company disclosures, it operates as the holding company for Brookline Bank, Bank Rhode Island, PCSB Bank and their subsidiaries, with branches throughout Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State. The company is described as a commercially focused financial institution that offers commercial, business and retail banking services to customers across Central New England and the Lower Hudson Valley of New York State.
Brookline Bancorp is part of the Finance and Insurance sector and is associated with the savings institutions and regional banking industry. As a multi-bank holding company, it provides banking products and services through its bank subsidiaries rather than directly to consumers. Public filings and press releases state that the company has assets in the range of several billions of dollars and maintains a network of branch locations in its core Northeast markets.
Business model and core activities
Company materials explain that Brookline Bancorp’s banks provide commercial and retail banking services, cash management and investment services. The institution is characterized as commercially focused, with an emphasis on serving small- to mid-sized businesses as well as retail customers. Its banks offer a range of commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services designed to meet the financial needs of these customer groups.
Brookline Bancorp also reports that it provides equipment financing through its Eastern Funding subsidiary and wealth management services through Clarendon Private, which is described as a registered investment advisor. These activities complement the banking operations of Brookline Bank, Bank Rhode Island and PCSB Bank by adding specialized lending and advisory capabilities.
Geographic footprint and branch network
Public descriptions of Brookline Bancorp note that it has branch locations in Massachusetts, Rhode Island, and the Lower Hudson Valley of New York State. The company indicates that it serves customers throughout Central New England and the Lower Hudson Valley of New York State. This regional footprint positions the company as a Northeast-focused banking organization with a presence in multiple states and metropolitan areas.
Within this footprint, Brookline Bank, Bank Rhode Island and PCSB Bank operate as branded divisions under the Brookline Bancorp umbrella. Regulatory and investor materials emphasize that the company’s banks are used to deliver commercial and retail banking services, as well as cash management and investment offerings, to local communities in these regions.
Merger of equals and transformation into Beacon Financial Corporation
Brookline Bancorp has undergone a significant corporate transformation through a merger of equals with Berkshire Hills Bancorp, Inc. Company press releases and SEC filings state that on December 16, 2024, Brookline entered into a definitive Agreement and Plan of Merger with Berkshire Hills Bancorp, Inc. Under this agreement, Brookline would merge with and into Berkshire in an all-stock transaction, with each outstanding share of Brookline common stock to be exchanged for the right to receive 0.42 shares of Berkshire common stock, subject to the terms of the merger agreement.
Subsequent disclosures report that the combined holding company created through this merger would be named Beacon Financial Corporation, and that the legal name of the combined bank would be Beacon Bank & Trust, more commonly referred to as Beacon Bank. A joint announcement on August 6, 2025 states that the post-closing combined holding company will remain listed on the New York Stock Exchange under a new ticker symbol "BBT", with the combined bank operating under the Beacon Bank & Trust name.
According to an 8-K filing dated September 2, 2025, Brookline Bancorp completed this previously announced merger of equals transaction on September 1, 2025. In that filing, Brookline reports that Commerce Acquisition Sub, Inc. merged with and into Brookline, followed by the merger of Brookline into the company then known as Berkshire Hills Bancorp, Inc. The filing explains that Berkshire Hills Bancorp, Inc. changed its name to Beacon Financial Corporation, and that its New York Stock Exchange ticker symbol changed from "BHLB" to "BBT" immediately following the closing of the holding company merger.
Bank mergers and Brookline Bank’s role
The same 8-K filing describes subsequent bank-level mergers. Immediately following the holding company merger, Berkshire Bank, Bank Rhode Island and PCSB Bank each merged with and into Brookline Bank, with Brookline Bank as the surviving bank. Effective upon these bank mergers, Brookline Bank changed its name to "Beacon Bank & Trust", with the institution more commonly referred to as Beacon Bank. This series of transactions consolidated the bank charters under the Brookline Bank charter, which then carried the new Beacon Bank & Trust name.
Prior joint announcements by Berkshire and Brookline indicated that, following the completion of the merger and bank consolidations, clients would continue to be served through their respective Berkshire Bank, Brookline Bank, Bank Rhode Island and PCSB Bank branches, websites, mobile applications, financial advisors and relationship managers, operating as divisions of Beacon Bank & Trust. Over time, customers were expected to see updates such as the new name on statements, in online banking and at branches as the combined company prepared for a full transition to the Beacon Bank brand and integration of banking systems.
Delisting of BRKL and change in trading symbol
Brookline Bancorp’s common stock previously traded on the Nasdaq Global Select Market under the ticker symbol BRKL. Following completion of the merger and related transactions, Brookline Bancorp’s listing status changed. A Form 25 filing dated September 2, 2025 from Nasdaq Stock Market LLC notifies the SEC of the removal of Brookline Bancorp, Inc. common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The filing identifies the issuer as Brookline Bancorp, Inc. and the exchange as Nasdaq Stock Market LLC, with the class of securities described as common stock.
The September 2, 2025 8-K further explains that, in connection with the closing of the merger transaction, Brookline notified Nasdaq that the transaction had closed and requested that Nasdaq suspend trading of Brookline common stock, withdraw Brookline common stock from listing on Nasdaq prior to the opening of trading on September 2, 2025, and file the Form 25. As a result, Brookline common stock is no longer listed on Nasdaq. The filing also states that Beacon Financial, as successor to Brookline, intends to file a certification on Form 15 to terminate the registration of Brookline common stock under Section 12(g) of the Exchange Act and to suspend Brookline’s reporting obligations under Sections 13 and 15(d) of the Exchange Act.
Scale and combined franchise
Joint press releases from Berkshire Hills Bancorp and Brookline Bancorp describe the merger of equals as creating a regional banking franchise in the Northeast with $24 billion in assets, more than 145 branch offices and a longstanding history of serving clients and communities. These materials characterize the combined organization as a Northeast banking franchise with a broad footprint across New England and parts of New York, built from the legacy institutions of Berkshire Bank, Brookline Bank, Bank Rhode Island and PCSB Bank.
Prior to the merger, Brookline Bancorp reported that it had assets of approximately $11.5–$11.9 billion in various public communications and that it operated branches in Massachusetts, Rhode Island and New York. Berkshire Hills Bancorp reported assets of approximately $12.0 billion and 83 branches, with operations in New England and New York. The combined figures cited in joint announcements reflect the aggregation of these institutions into Beacon Financial Corporation and Beacon Bank & Trust.
Status of Brookline Bancorp and BRKL symbol
Based on the company’s SEC filings and public announcements, Brookline Bancorp, Inc. has been merged into Beacon Financial Corporation, and its separate corporate existence as an independent holding company has ceased as a result of the merger. The Form 25 filing confirms that Brookline Bancorp’s common stock has been removed from listing on Nasdaq, and the 8-K dated September 2, 2025 indicates that Brookline common stock is no longer listed on Nasdaq and that termination of registration under the Exchange Act is planned.
For investors researching the historical BRKL ticker, this context means that BRKL represents the former Brookline Bancorp, Inc. listing on Nasdaq prior to its merger into Beacon Financial Corporation and the associated delisting process. Current trading in the combined company’s common stock is described in public materials as occurring on the New York Stock Exchange under the ticker symbol "BBT" for Beacon Financial Corporation.