Beacon Financial completed the merger of equals between Berkshire Hills, the parent company of Berkshire Bank, and Brookline Bancorp, the parent company of Brookline Bank, Bank Rhode Island and PCSB Bank, effective Sept. 1, 2025. The merger of equals created Beacon Financial, the parent company of Beacon Bank & Trust, commonly known as Beacon Bank.
“We’re pleased to have successfully completed our merger of equals to form Beacon Financial Corporation and position the company to be a predominant regional bank serving the Northeast,” Paul A. Perrault, CEO of the company, said. “We thank the employees of both companies for their hard work and dedication to ensuring the timely completion of the merger. Our focus now turns to completing the integration of our banking systems to deliver a seamless client experience, provide additional service capabilities and generate enhanced financial performance for stockholders.”
Clients can continue banking just as they do today through their respective Berkshire Bank, Brookline Bank, Bank Rhode Island and PCSB Bank branches, websites, mobile apps, financial advisors and relationship managers operating as divisions of Beacon Bank. In addition, they can now enjoy fee-free ATM withdrawals at any Berkshire Bank, Brookline Bank, Bank Rhode Island or PCSB Bank ATM location. Over time, clients will begin to see updates such as the new name on statements, in online banking and at branches as the combined company prepares for a full transition to the Beacon Bank brand, along with integration of banking systems in Q1/26.
