BOSTON, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Berkshire Hills Bancorp, Inc. (“Berkshire”) (NYSE: BHLB), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. (“Brookline”) (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, today announced that the combined holding company that will be created through their transformative merger of equals will be named Beacon Financial Corporation and remain listed on the New York Stock Exchange under a new ticker symbol BBT. While the legal name of the combined bank will be Beacon Bank & Trust, it will be more commonly referred to as Beacon Bank. The merger is expected to be completed in the third quarter of 2025, subject to regulatory approvals and normal closing conditions.
Related Questions
What is the expected accretion or dilution to earnings per share for both Berkshire Hills and Brookline shareholders?
What are the projected cost synergies and integration expenses, and when are they expected to be realized?
How does the creation of Beacon Financial Corp position the combined entity against other regional banks in terms of market share and competitive advantage?
What are the key regulatory approvals required, and what is the likelihood of any delays or conditions being imposed?
How will the merger impact the combined company's capital ratios and regulatory compliance?
Will the new ticker BBT provide sufficient liquidity and market depth for existing and future investors?
Are there any potential tax implications or restructuring costs that could affect short‑term cash flow?
What is the anticipated impact on dividend policy and payout ratios for shareholders of the new entity?
How will the merger affect the combined loan portfolio quality, credit risk profile, and exposure to sector concentrations?
What is the expected timeline for integration of technology platforms, branch networks, and back‑office operations?
How might the merger influence the stock price dynamics of both BHLB and BRKL in the weeks leading up to the closing?
Will the combined bank's asset base and deposit franchise enhance its ability to generate higher net interest income in a rising rate environment?