M&A
confidence high
sentiment positive
materiality 0.75
Berkshire Hills & Brookline receive all regulatory approvals for merger; close expected Sept 1
Beacon Financial Corp
- Approvals from Federal Reserve, NY DFS, MA DOB, and RI DBR in hand; stockholder votes obtained May 21.
- Merger closing expected effective September 1, 2025, forming Beacon Financial Corporation ($24B assets).
- Combined bank will operate ~145 branches across the Northeast under Beacon Bank & Trust brand.
- CEO Paul Perrault (Brookline) to lead combined company; David Brunelle (Berkshire) to remain chair.
- Common shares to trade on NYSE under symbol BBT after closing; systems conversion targeted Q1 2026.