During the second-quarter earnings call, Perrault expressed optimism about finalizing the merger by September 2025.

Perrault emphasized that the merger aims to establish a strong financial institution dedicated to its employees, clients, shareholders, and communities.

Berkshire Hills Bancorp and Brookline Bancorp are merging to form a new entity named Beacon Financial, with its banking subsidiary designated as Beacon Bank & Trust.

The merger, valued at $1.1 billion and described as a merger of equals, is expected to close in the third quarter of 2025, pending regulatory approvals.

Brookline CEO Paul Perrault will take the helm as CEO of Beacon Financial, while Berkshire Hills Chairman David Brunelle will serve as chair of the newly formed company.

The merged institution will initiate operations with approximately $24 billion in assets, combining Brookline's $11.6 billion and Berkshire's $12 billion.

In their second-quarter earnings report, Berkshire announced a 27% increase in earnings, totaling $30.4 million, while Brookline reported a 34% rise to $22 million.

The name 'Beacon' was chosen to symbolize guidance, strength, and stability, reflecting the legacies of both banks and drawing inspiration from Boston's historic Beacon Hill neighborhood.

Before finalizing the name 'Beacon', the companies explored various options and sought feedback from stakeholders and focus groups.

Currently, only two smaller U.S. banks utilize the 'Beacon' name, both of which have assets under $1 billion.

The new logo will feature a gold top half, representing Berkshire’s signature color, and a blue lower half, symbolizing Brookline.

The official rollout of the Beacon brand is scheduled for early 2026, coinciding with the integration of systems to ensure minimal disruption for clients.