Is Berkshire Bank being sold?
Berkshire Bank was not traditional acquired or sold off to an outside corporate buyer, but rather completed a strategic "merger of equals" with Brookline Bancorp. This transaction brought together Berkshire Hills Bancorp and Brookline Bancorp to jointly form Beacon Financial Corporation. Under this corporate combination, legacy operations, branch networks, and customer accounts across participating brands—including Berkshire Bank, Brookline Bank, Bank Rhode Island, and PCSB Bank—continue to serve clients while integrating smoothly into a unified regional banking powerhouse operating under the broader corporate structure.
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Standard operational monitoring and financial market reports indicate that Berkshire Bank—now operating as part of the Beacon Financial Corporation regional banking network—is functioning normally without any widespread system outages, major secur...
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