Beacon Financial Corp — fact timeline

John B. Eagan was appointed as General Counsel and Corporate Secretary at Beacon Financial Corp.

“the appointment of John B. Eagan as General Counsel and Corporate Secretary effective as of August 1, 2026.”

Wm. Gordon Prescott retired as General Counsel and Corporate Secretary at Beacon Financial Corp.

“the retirement of Wm. Gordon Prescott as General Counsel and Corporate Secretary effective as of July 31, 2026.”

Beacon Financial Corp shareholders approved Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers at the 2026-05-13 meeting.

“Approval, on a non-binding, advisory basis, of the compensation of the Company’s named executive officers”

Beacon Financial Corp shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-13 meeting.

“Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026”

Beacon Financial Corp shareholders approved Election of sixteen director nominees at the 2026-05-13 meeting.

“At the Annual Meeting of Stockholders of Beacon Financial Corporation (the “Company”) held on May 13, 2026, the sixteen director nominees named in the Company’s Proxy Statement and set forth below were elected as directors of the Company”

Beacon Financial Corp reported the first quarter of 2026 results: revenue $190.8 million, net income $46.2 million, EPS $0.55 per basic and diluted share.

“$23.32 at December 31, 2025 to $23.48 at March 31, 2026, and increased $12.45 from $11.03 at March 31, 2025. NET INTEREST INCOME Net interest income decreased $8.9 million to $190.8 million during the first quarter of 2026 from $199.7 million for the quarter ended December 31, 2025. The net interest margin decreased 4 basis points to 3.78 percent for the three”

Beacon Financial Corp engaged KPMG LLP as its auditor.

“ompany’s independent registered public accounting firm and (ii) the appointment of KPMG LLP (“KPMG”), Brookline’s former independent registered public accounting firm, as the Company’s independent registered public accounting firm. The audit reports of Crowe on the Company’s consolidated financial statements for the fiscal years ended December 31, 2024 (“Fiscal 2024”) and December 31, 2023 (“Fiscal 2023”) did not contain an adverse opinion or a disclaimer of opinion, or were qualified or modified as to uncertainty, audit scope, or accounting principles. During Fiscal 2023 and Fiscal 2024, and subsequently through September 8, 2025, there were: (i) no disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Crowe, would have caused it to make reference to th”

Beacon Financial Corp dismissed Crowe LLP as its auditor.

“approved (i) the dismissal of Crowe LLP (“Crowe”) as the Company’s independent registered public accounting firm”

Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Fixed/floating rate maturing June 26, 2033.

“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”

Beacon Financial Corp incurred senior notes of $4,900,000 with Brookline Bancorp at Floating rate maturing March 17, 2034.

“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”)”

Beacon Financial Corp incurred senior notes of $75,000,000 with Brookline Bancorp at 6.000% Fixed-to-Floating Rate maturing September 15, 2029.

“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.”

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.

“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).”

Beacon Financial Corp: Amended certificate of incorporation to change company name to 'Beacon Financial Corporation' and increase authorized capital stock.

“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.”

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).

“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”

Beacon Financial Corp shareholders approved Ratification of the appointment of the Company’s Independent Registered Public Accounting Firm at the 2024-05-16 meeting.

“The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0”

Beacon Financial Corp shareholders approved An advisory vote on the Company’s executive compensation practices at the 2024-05-16 meeting.

“The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement. The results of the shareholder vote on Proposal 2 were as follows: For Against Abstain Broker-Non Votes 33,247,339 1,315,857 139,228 4,786,738”

Beacon Financial Corp shareholders approved Election of Directors at the 2024-05-16 meeting.

“The shareholders elected each nominee to serve as a director of the Company for a term of one year. The results of the shareholder vote on Proposal 1 were as follows: For Withheld Broker Non-Votes David M. Brunelle 33,732,971 969,453 4,786,738”

Brett Brbovic was appointed as Executive Vice President and Chief Financial Officer at Beacon Financial Corp.

“The Company and Berkshire Bank have appointed Brett Brbovic, age 43, as Executive Vice President and Chief Financial Officer, effective June 14, 2024.”

R. David Rosato departed as Chief Financial Officer at Beacon Financial Corp.

“R. David Rosato, Chief Financial Officer of the Company and the Bank, has decided to step down to pursue other interests.”

Beacon Financial Corp reported the year ended December 31, 2023 results: net income $ 69.6, EPS 1.60.

“Dec.31, 2023 Sep. 30, 2023 Dec. 31, 2022 Dec.31, 2023 Dec. 31, 2022 Net (loss) income $ (1.4 ) $ 19.5 $ 30.5 $ 69.6 $ 92.5 Per share (0.03 ) 0.45 0.69 1.60 2.02”

Beacon Financial Corp reported fourth quarter ended December 31, 2023 results: net income $ (1.4 ), EPS (0.03 ).

“Dec.31, 2023 Sep. 30, 2023 Dec. 31, 2022 Dec.31, 2023 Dec. 31, 2022 Net (loss) income $ (1.4 ) $ 19.5 $ 30.5 $ 69.6 $ 92.5 Per share (0.03 ) 0.45 0.69 1.60 2.02”

Beacon Financial Corp reported Three Months Ended Sep. 30, 2023 results: net income $ 19.5, EPS 0.45.

“Net income $ 19.5 $ 23.9 $ 18.7 Per share 0.45 0.55 0.42”

Beacon Financial Corp reported third quarter ended September 30, 2023 results: net income $20 million, EPS $0.45 Earnings per Share.

“Berkshire Hills Reports Third Quarter Net Income of $20 Million, or $0.45 Earnings per Share”

Mary Anne Callahan was appointed as Director at Beacon Financial Corp.

“On September 13, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Mary Anne Callahan to the Board of Directors of the Company, effective immediately.”

Beacon Financial Corp reported second quarter ended June 30, 2023 results: net income $23.9, EPS $0.55.

“Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share”

Beacon Financial Corp shareholders approved Advisory vote on frequency of future shareholder votes on executive compensation at the 2023-05-18 meeting.

“The shareholders voted, on a non-binding, advisory basis, on the frequency of future shareholder votes on the Company’s executive compensation as follows: One Year Two Years Three Years Abstain Broker Non-Votes 33,376,723 42,666 3,227,967 44,717 4,633,752”

Beacon Financial Corp shareholders approved Ratification of appointment of Crowe LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-18 meeting.

“The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2023.”

Beacon Financial Corp shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.

“The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement.”

Beacon Financial Corp shareholders approved Election of Directors at the 2023-05-18 meeting.

“The shareholders elected each nominee to serve as a director of the Company for a term of one year.”

Beacon Financial Corp reported first quarter ended March 31, 2023 results: net income $27.6 million, EPS $0.63 per share.

“Berkshire Hills Reports First Quarter Net Income of $27.6 Million, or $0.63 per Share”

Eric S. Rosengren was appointed as Director at Beacon Financial Corp.

“On April 5, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Eric S. Rosengren to the Board of Directors of the Company, effective immediately.”

Karyn Polito was appointed as Director at Beacon Financial Corp.

“On February 2, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Karyn Polito to the Board of Directors of the Company, effective immediately.”

David Rosato was appointed as Senior Executive Vice President and Chief Financial Officer at Beacon Financial Corp.

“On January 25, 2023, the Company announced the hiring of David Rosato, age 61, as Senior Executive Vice President and Chief Financial Officer of the Company and of the Bank effective February 6, 2023.”

Beacon Financial Corp reported fourth quarter and year ended December 31, 2022 results: EPS $0.69.

“On January 26, 2023, Berkshire Hills Bancorp, Inc. (the “Company”), the holding company for Berkshire Bank (the “Bank”), announced its financial results for the fourth quarter and year ended December 31, 2022.”

David Rosato was appointed as Senior Executive Vice President and Chief Financial Officer at Beacon Financial Corp.

“On January 25, 2023, Berkshire Hills Bancorp, Inc. (the “Company”) announced the hiring of David Rosato, age 61, as Senior Executive Vice President and Chief Financial Officer of the Company and of Berkshire Bank (the “Bank”) effective February 6, 2023.”

George Bacigalupo changed role as Director–Commercial/Enterprise Sales Management at Beacon Financial Corp.

“he will transition from his current position to Director–Commercial/Enterprise Sales Management reporting to Sean Gray, Bank President, effective January 1, 2023 through December 2023, at which time he will retire”

Brett Brbovic was appointed as Interim Chief Financial Officer at Beacon Financial Corp.

“The Company and Berkshire Bank have appointed Senior Vice President and Chief Accounting Officer Brett Brbovic, age 42, as Interim Chief Financial Officer, effective October 7, 2022”

Subhadeep Basu resigned as Chief Financial Officer at Beacon Financial Corp.

“Subhadeep Basu, Chief Financial Officer of the Company and the Bank, has resigned effective October 7, 2022, for personal reasons and to subsequently pursue other career interests.”

Ashlee Flores was appointed as Executive Vice President, Chief Compliance Officer at Beacon Financial Corp.

“The Company has appointed Ashlee Flores as Executive Vice President, Chief Compliance Officer, effective September 30, 2022.”

Deborah A. Stephenson resigned as Senior Executive Vice President, Chief Compliance and Regulatory Officer at Beacon Financial Corp.

“On September 6, 2022, Deborah A. Stephenson, Senior Executive Vice President, Chief Compliance and Regulatory Officer of Berkshire Hills Bancorp, Inc. (the “Company”), the holding company for Berkshire Bank (the “Bank”), announced her resignation from her position as of September 30, 2022, to pursue another employment opportunity.”

Mihir A. Desai was appointed as Director at Beacon Financial Corp.

“On March 10, 2022, the Board of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) appointed Mihir A. Desai to the Board of Directors of the Company, effective immediately.”

Nina A. Charnley was appointed as Director at Beacon Financial Corp.

“On December 16, 2021, the Board of Directors of Berkshire Hills Bancorp, Inc. appointed Nina A. Charnley to the Board of Directors of the Company, effective immediately.”

Tami Gunsch resigned as Senior Executive Vice President, Head of Consumer Banking at Beacon Financial Corp.

“On October 29, 2021, the Company, the Bank, and Tami Gunsch, Senior Executive Vice President, Head of Consumer Banking of the Company and the Bank, entered into a Resignation, Separation Agreement and Full and Final Release of Claims (the “Separation Agreement”) in connection with Ms. Gunsch’s previously disclosed resignation from her employment with the Company and the Bank effective October 29, 2021.”

Deborah P. Bailey resigned as Director at Beacon Financial Corp.

“On October 26, 2021, Deborah P. Bailey resigned from the Boards of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) and Berkshire Bank (the "Bank"), a wholly owned subsidiary of the Company, effective immediately.”

Jeffrey W. Kip was appointed as Director at Beacon Financial Corp.

“Also on August 20, 2021, the Board of Directors of Berkshire Hills Bancorp, Inc. appointed Jeffrey W. Kip to the Board of Directors of the Company, effective September 22, 2021.”

David M. Brunelle was named as Chairperson of the Board at Beacon Financial Corp.

“In connection with this retirement, Vice Chairperson of the Board David M. Brunelle has been named Chairperson of the Board, also effective on September 22, 2021.”

J. Williar Dunlaevy departed as Chairperson of the Board at Beacon Financial Corp.

“On August 20, 2021, Chairperson of the Board J. Williar Dunlaevy informed the Boards of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) and its wholly owned subsidiary Berkshire Bank that he will be retiring from the Boards of Directors, effective September 22, 2021.”