Berkshire Hills Bancorp and Brookline Bank, both based in Boston, announced on Monday their plans for an all-stock merger worth $1.1 billion. The combined bank will have a total of 148 branches and assets totaling $24 billion.
The new company’s name and stock ticker will be revealed before the merger is finalized in the second half of 2025. Headquartered at 131 Clarendon St., Boston, with operations centers scattered throughout the Northeast region.
Paul A. Perrault, chairman and CEO of Brookline Bank stated that this merger presents a unique opportunity to bring together two well-established institutions in the Northeast market. With shared values and a focus on customer satisfaction, combining our cultures and geographic footprints will allow us to better serve our clients as well as employees, communities,and shareholders.” Perrault has been appointed president & CEO of the merged company.
Title: Berkshire Hills Bancorp & Brookline Bank Announce All-Stock Merger Valued at $1.1 Billion
