---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-030536"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:33:44.200583+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills selling 10 NY branches with $485.5M in deposits; branch count to 86

## Summary
- Sales to Hudson Valley Credit Union (8 branches), Glens Falls National Bank (1), Pathfinder Bank (1).
- Includes $60.5M in residential mortgage and consumer loans; excludes commercial banking business.
- Branch count reduces from 96 to 86; closing targeted for end of Q3 2024, pending regulatory approvals.
- Combined branch and securities sale expected to be neutral to full-year 2024 earnings outlook.
- Buyers intend to hire all associated staff; Berkshire retains 16 core New York branches.

## SEC filing metadata
- accession: 0001104659-24-030536
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465924030536/0001104659-24-030536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465924030536/tm247865d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-030536
- JSON: https://secwatch.observer/filing/0001104659-24-030536.json
- Plain text: https://secwatch.observer/filing/0001104659-24-030536.txt

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