09:10 AM EST, 12/16/2024 (MT Newswires) -- Berkshire Hills Bancorp ( BHLB ) and Brookline Bancorp ( BRKL ) said Monday they have entered into a definite agreement through which Brookline will merge with and into Berkshire in an all-stock deal valued at about $1.1 billion.

Berkshire also said it entered into subscription agreements with investors to raise capital and will issue $100 million of its common stock at $29 per share to support the merger.