Berkshire Hills Bancorp And Brookline Bancorp Announces That Their Planned Merger Will Create New Holding Company Named Beacon Financial Corporation, Which Will Trade On The NYSE Under The Ticker Symbol BBT

Author: Benzinga Newsdesk | August 06, 2025 04:48pm

Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE:BHLB), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. ("Brookline") (NASDAQ:BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, today announced that the combined holding company that will be created through their transformative merger of equals will be named Beacon Financial Corporation and remain listed on the New York Stock Exchange under a new ticker symbol BBT. While the legal name of the combined bank will be Beacon Bank & Trust, it will be more commonly referred to as Beacon Bank. The merger is expected to be completed in the third quarter of 2025, subject to regulatory approvals and normal closing conditions. 

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