On September 1, 2025, Berkshire Hills Bancorp, Inc. (“Berkshire”), the holding company for Berkshire Bank, and Brookline Bancorp, Inc. (“Brookline”), the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, completed their previously announced merger of equals. Berkshire, now known as Beacon Financial Corporation, and Brookline Bank, now known as Beacon Bank & Trust, are the surviving entities. This all-stock transaction was valued, at announcement, at approximately $1.1 billion.

In addition, Luse Gorman represented Berkshire in its related December 2024 sale of $100 million in common stock.

Luse Gorman served as legal counsel to Berkshire in the merger and common stock sale. The Luse Gorman team consisted of Lawrence M.F. Spaccasi, Marc Levy, Agata Troy, Max Seltzer, Elizabeth Cook, Anahita Mohtasham and Trevor Kline.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.