Berkshire Hills Bancorp and Brookline Bancorp to combine as Beacon Financial

Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL) 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 NYSE 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 Q3 2025, subject to regulatory approvals and normal closing conditions. While the new name and ticker symbol will be effective upon completion of the merger, clients will continue to be served post-closing under the Berkshire Bank, Brookline Bank, Bank Rhode Island and PCSB Bank brands operating as divisions of Beacon Bank & Trust. Over time, clients will begin to see updates such as the new name on statements, in online banking and at branches as the combined bank prepares for a full transition to the Beacon Bank brand, along with integration of banking systems in Q1 2026.