{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-24-000411","form_type":"8-K","ticker":"BBT","cik":"0001108134","company_name":"Beacon Financial Corp","filed_at":"2024-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.688950+00:00","generated_at":"2026-05-30T13:02:03.489014+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Berkshire Hills sells $46.5M Upstart loans at loss; completes sale of 10 NY branches","bullets":["Upstart loan sale: $46.5M book value sold at 96%, net charge-off $1.9M.","Remaining Upstart loans ~$10M (11 bps of total loans at June 30, 2024).","Branch sale: $383M deposits & $50M loans transferred; 40 employees offered jobs by buyers.","Expected pre-tax non-operating income of ~$16M ($12M after-tax) from branch sale in Q3.","Branch network reduced to 83 offices in New England and New York."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-24-000411","json":"https://secwatch.observer/filing/0000943374-24-000411.json","markdown":"https://secwatch.observer/filing/0000943374-24-000411.md","text":"https://secwatch.observer/filing/0000943374-24-000411.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108134/000094337424000411/0000943374-24-000411-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108134/000094337424000411/form8k_101624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:02:03.489014+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}