In Boston on August 6, 2025, Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. (NASDAQ: BRKL) declared the formation of a new holding company as a result of their merger of equals. This new entity, named Beacon Financial Corporation, will trade on the NYSE under the ticker symbol BBT. The combined bank, legally named Beacon Bank & Trust but commonly known as Beacon Bank, will include subsidiaries such as Brookline Bank, Bank Rhode Island, and PCSB Bank. The merger, slated for completion in the third quarter of 2025, is contingent upon regulatory approvals and standard closing conditions.