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

Core Viewpoint - Beacon Financial Corporation has successfully completed a merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, effective September 1, 2025, creating a significant regional banking entity in the Northeast [1][2][3]. Company Overview - The newly formed Beacon Financial Corporation is the parent company of Beacon Bank & Trust, a full-service regional banking franchise with $24 billion in assets and over 145 branches across New England and New York [2][5]. - The company offers extensive wealth management and trust services, managing more than $3 billion in assets [2]. Merger Details - The merger aims to position Beacon Financial Corporation as a predominant regional bank, enhancing service capabilities and financial performance for shareholders [3]. - Clients will continue to use their existing banking services through the respective branches and will eventually transition to the Beacon Bank brand, with full integration expected by the first quarter of 2026 [4]. Future Plans - The company is focused on integrating banking systems to ensure a seamless client experience and to enhance service offerings [3][4].