Berkshire Hills, Brookline Reveal New Name for Merged Bank
BOSTON — Berkshire Hills Bancorp and Brookline Bancorp announced their merged entity will operate as Beacon Financial Corp. and Beacon Bank following completion of their merger of equals expected in the third quarter of 2025.
The combined holding company will trade on the New York Stock Exchange under ticker symbol BBT. The legal name of the merged bank will be Beacon Bank & Trust, commonly referred to as Beacon Bank, according to the press release statement.
Paul Perrault, chairman and CEO of Brookline Bancorp, who will serve as CEO of the combined company, said the merger will create a financial institution with local roots and a broad footprint. David Brunelle, chairperson of Berkshire Hills Bancorp who will continue as chairperson of the combined entity’s board, added that the new name honors both legacy institutions while looking toward the future.
The merger remains subject to regulatory approvals and normal closing conditions. Berkshire Hills operates with $12.0 billion in assets and 83 branches, while Brookline Bancorp holds $11.6 billion in assets with locations in Massachusetts, Rhode Island, and New York’s Lower Hudson Valley.
Following the merger’s completion, customers will continue to be served under the existing Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank brands operating as divisions of Beacon Bank & Trust. The companies plan a full transition to the Beacon Bank brand alongside banking systems integration in the first quarter of 2026.
Both companies’ boards of directors unanimously approved the Beacon Bank name and logo design, which incorporates navy and gold colors representing each institution’s legacy branding.
