Berkshire Hills, Bancorp, Inc. (NYSE: BHLB) (“the company”) is the financial holding company for primary subsidiary, Berkshire Bank (est. 1846) (“the bank”). Headquartered in Boston, MA, BHLB primarily operates in the Southern New England region, offering traditional retail and commercial banking solutions.
On December 16, 2024, BHLB announced a definitive merger agreement with Brookline Bancorp, Inc. (NASDAQ: BRKL), pursuant to which BRKL will merge with and into BHLB in an all-stock transaction valued at $1.1 billion with an expected closing date in 2H25 (BHLB will be the legal acquirer with BRKL the accounting acquirer). The transaction provides both companies with…
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