Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. unveiled plans for a merger on August 6, 2025. The new entity, Beacon Financial Corporation, will be listed on the NYSE as BBT. The combined bank, Beacon Bank & Trust, will operate under the name Beacon Bank. Berkshire is the parent company of Berkshire Bank, while Brookline oversees Brookline Bank, Bank Rhode Island, and PCSB Bank. The merger, set to finalize in Q3 2025 pending regulatory nods and standard closing procedures, marks an important shift in the financial landscape.