---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000301"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:27:44.065155+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills allocates $100M sustainability bond proceeds to housing, green buildings, inclusion

## Summary
- 41% ($41M) allocated to 330 affordable/workforce housing units in MA, NY, CT for households at or below 60-80% AMI.
- 33% ($33M) for green building projects (>200K sq ft) targeting LEED Gold/Platinum, Net Zero, or top 15% emissions performance.
- 26% ($26M) to financial access/inclusion: small business lending in low-moderate income and majority-minority census tracts.
- Bond issued June 2022: $100M 5.50% fixed-to-floating subordinated notes due 2032, rated Baa3 by Moody's.
- First US community bank under $150B assets to issue a sustainability bond, verified by Sustainalytics aligned with ICMA guidelines.

## SEC filing metadata
- accession: 0000943374-23-000301
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000094337423000301/0000943374-23-000301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000094337423000301/form8k_071023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000301
- JSON: https://secwatch.observer/filing/0000943374-23-000301.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000301.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.