04:34 PM EDT, 08/25/2025 (MT Newswires) -- Berkshire Hills Bancorp ( BHLB ) said Monday it has received all necessary regulatory approvals to merge with Brookline Bancorp ( BRKL ) and become the combined entity, Beacon Financial Corporation.

The merger, with closing to be completed effective Sept. 1, will result in a $24 billion regional banking franchise across the Northeast with over 145 offices.

The common shares of the merged company will be traded on New York Stock Exchange under the ticker BBT, it added.

The companies project the integration of their banking systems in Q1 of 2026.