Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. have received all necessary regulatory approvals to complete their merger of equals and form Beacon Financial Corporation. The merger is expected to close on September 1, 2025.

The merger agreement, announced in December 2024, values the all-stock transaction at approximately $1.1 billion, or $12.68 per share of Brookline common stock. This agreement was based on the $30.20 closing price of Berkshire common stock on December 13, 2024.

Read more at Nasdaq: Berkshire Hills Bancorp – Brookline Bancorp Merger Receives All Regulatory Approvals