8-K
filed September 2, 2025, 7:59 PM ET
ticker BBT
CIK 0001108134
M&A
confidence high
sentiment neutral
materiality 0.90
Beacon Financial Corp (BBT): M&A transaction — Beacon Financial completes merger of equals with Brookline Bancorp; combined assets $24B
Beacon Financial Corp
- Merger effective Sept 1, 2025; combined company has ~$24B in assets, 145+ branches, and $3B AUM.
- New ticker symbol 'BBT' on NYSE; name changed from Berkshire Hills Bancorp to Beacon Financial.
- Board expanded to 16 members; Paul A. Perrault named CEO; David M. Brunelle elected Board Chair.
- Assumed $75M 6.00% subordinated notes due 2029 and $9.8M junior subordinated debentures.
- Bank subsidiaries merged into Brookline Bank, renamed Beacon Bank & Trust; systems integration targeted Q1 2026.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Fixed/floating rate maturing June 26, 2033.
- Instrument
- senior notes
- Principal
- $4,900,000
- Counterparty
- Brookline Bancorp
- Rate
- Fixed/floating rate
- Maturity
- June 26, 2033
- Event
- incurrence
Exact text from the filing
ompletes Merger of Equals between Berkshire Hills Bancorp and Brookline Bancorp Boston, September 2, 2025 – Beacon Financial Corporation, Inc. (NYSE: BBT) today announced the completion of the merger of equals between Berkshire Hills
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Floating rate maturing March 17, 2034.
- Instrument
- senior notes
- Principal
- $4,900,000
- Counterparty
- Brookline Bancorp
- Rate
- Floating rate
- Maturity
- March 17, 2034
- Event
- incurrence
Exact text from the filing
In addition, the Company assumed Brookline’s obligations with respect to Brookline’s outstanding trust preferred securities and subordinated notes, consisting of (i) $4.9 million of floating rate junior subordinated deferrable interest debenture due March 17, 2034 (the “2034 Debenture”)
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Beacon Financial Corp incurred senior notes of $75,000,000 with Brookline Bancorp at 6.000% Fixed-to-Floating Rate maturing September 15, 2029.
- Instrument
- senior notes
- Principal
- $75,000,000
- Counterparty
- Brookline Bancorp
- Rate
- 6.000% Fixed-to-Floating Rate
- Maturity
- September 15, 2029
- Event
- incurrence
Exact text from the filing
In connection with the Holdco Merger, the Company assumed $75.0 million of 6.000% Fixed-to-Floating Rate Subordinated Debentures due September 15, 2029 (the “Notes”) of Brookline.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beacon Financial Corp: Amended certificate of incorporation to change company name to 'Beacon Financial Corporation' and increase authorized capital stock.
- Change
- charter amendment
Exact text from the filing
As of the closing of the Holdco Merger, pursuant to the Merger Agreement, the filing of the Certificate of Merger effected several amendments to the Certificate of Incorporation of the Company, including changing the name of the Company to "Beacon Financial Corporation" and increasing the number of shares of authorized capital stock of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beacon Financial Corp: Amended bylaws to set board composition with 16 directors, designate chairman and CEO for two-year terms, specify executive officers, require two-thirds vote to remove certain officers or approve a merger, clarify stockholder meeting and advance notice provisions.
- Change
- bylaw amendment
Exact text from the filing
Pursuant to the Merger Agreement, the amendment to the Amended and Restated Bylaws (the "Bylaws Amendment") effect the following corporate governance arrangements: · Composition of the Board of Directors . The boards of directors of the Beacon Financial and Beacon Bank each are comprised of 16 directors, with eight directors designated by each of Berkshire (which will include David M. Brunelle) and Brookline (which will include Paul A. Perrault).
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Beacon Financial Corp completed an acquisition involving Brookline Bancorp, Inc. for each share of Brookline common stock ... was converted into the right to receive 0.42 shares of Company Common Stock (closed 2025-09-01).
- Action
- acquisition
- Counterparty
- Brookline Bancorp, Inc.
- Consideration
- each share of Brookline common stock ... was converted into the right to receive 0.42 shares of Company Common Stock
- Closing
- 2025-09-01
Exact text from the filing
terms of the Merger Agreement, as of the closing of the Holdco Merger, each share of Brookline common stock, par value $0.01 per share, was converted into the right to receive 0.42 shares (the “Exchange Ratio”) of Company Common Stock, with cash to be paid in lieu of fractional shares. Each previously outstanding share of Company Common Stock remained
View on SEC.gov
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