Brookline to merge with Berkshire in all-stock transaction valued at $1.1B

Berkshire Hills Bancorp (BHLB), the parent company of Berkshire Bank, and Brookline Bancorp (BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.