Berkshire Hills Bancorp and Brookline Bancorp Finalize Merger as Beacon Bank
New England Council Members Berkshire Hills Bancorp and Brookline Bancorp recently announced the completion of their merger, effective September 1, 2025. The newly combined company will be known as Beacon Financial Corporation and will remain listed on the New York Stock Exchange as BBT. “We wanted a name that conveyed guidance, strength, and the promise of stability.” a spokesperson explained.
The name “Beacon Bank” was selected to reflect shared values: a beacon symbolizes strength and stability, two principles that both Berkshire and Brookline Bank have stood upon. Existing bank clients will continue to serve under the existing Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank brands in the short-term, with all branches shifting to the Beacon Bank identity by early 2026.
Paul A. Perrault, incoming CEO of Beacon Bank stated, “Our merger of equals will create a powerful financial institution with deep local roots…helping clients reach their goals with clarity, confidence, and trust.”
The New England Council congratulates Berkshire Hills and Brookline Bancorp on the launch of Beacon Bank and applauds their commitment to strengthening communities across New England through trusted financial services.
Read more in the Boston Globe and Beacon Financial Corporation’s press release.