BROOKLINE BANCORP INC: M&A transaction — Brookline Bancorp completes merger of equals with Beacon Financial; 0.42x exchange ratio; delisting from Nasdaq

BROOKLINE BANCORP INC

On Sept 1, 2025, Brookline merged with Beacon Financial (fka Berkshire Hills Bancorp) in a stock-for-stock deal; 0.42 Beacon shares per Brookline share.
Brookline Common Stock delisted from Nasdaq effective Sept 2, 2025; trading suspended.
All Brookline directors and officers resigned upon closing; surviving entity is Beacon Financial Corporation.
Beacon Financial ticker changed from BHLB to BBT; total shares outstanding ~84.3M.
Bank subsidiaries merged into Brookline Bank, renamed Beacon Bank & Trust.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BROOKLINE BANCORP INC: Amended and Restated Bylaws ceased to be in effect upon closing of the Transaction.

Change: bylaw amendment

Exact text from the filing

the Amended and Restated Bylaws of Brookline ceased to be in effect.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BROOKLINE BANCORP INC: Certificate of Incorporation ceased to be in effect upon closing of the Transaction.

Change: charter amendment

Exact text from the filing

Effective upon the closing of the Transaction, the Certificate of Incorporation

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BROOKLINE BANCORP INC underwent a change of control involving Beacon Financial Corporation, Inc. for 0.42 shares of Beacon Financial Common Stock per share of Brookline Common Stock (closed 2025-09-01).

Action: change of control
Counterparty: Beacon Financial Corporation, Inc.
Consideration: 0.42 shares of Beacon Financial Common Stock per share of Brookline Common Stock
Closing: 2025-09-01

Exact text from the filing

of the closing of the Holdco Merger, each share of Brookline common stock, par value $0.01 per share (“Brookline Common Stock”), was converted into the right to receive 0.42 shares of Beacon Financial Common Stock, with cash to be paid in lieu of fractional shares (the “Merger Consideration”). Immediately following the Holdco Merger, Berkshire Bank, a

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Source: SEC EDGAR

accession 0001104659-25-086054

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