Berkshire Hills Bancorp and Brookline Bancorp will merge as Beacon Financial Corp and Beacon Bank, listed on NYSE as BBT. Expected in Q3 2025.

Boston, August 6, 2025 - Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. (NASDAQ: BRKL) have announced the formation of a new holding company named Beacon Financial Corporation resulting from their merger of equals. The company will be listed on the NY Stock Exchange under the ticker symbol BBT. The combined bank, legally named Beacon Bank & Trust but commonly known as Beacon Bank, will bring together Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank. The merger is anticipated to finalize in Q3 2025, pending regulatory approvals and standard closing conditions.