In Boston on August 6, 2025, Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. (NASDAQ: BRKL) revealed plans for a merger to create Beacon Financial Corporation. This new entity will be listed on the New York Stock Exchange under the ticker symbol BBT. The combined holding company will oversee subsidiaries such as Brookline Bank, Bank Rhode Island, and PCSB Bank. Following the merger, the banking institution will operate under the name Beacon Bank & Trust, commonly known as Beacon Bank. The completion of the merger is anticipated in the third quarter of 2025, pending regulatory approvals and meeting standard closing conditions.