Beacon Financial Corp.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Paul A. Perrault
- Full Time Employees
- 951
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 131 Clarendon Street Boston MA United States of America 02116
- IPO Date
- Dec 6, 2019
- CIK
- 0001108134
- Similar Companies
- Business
- Beacon Financial Corporation Beacon Financial Corporation (NYSE: BBT) serves as the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank offering commercial and retail banking solutions throughout New England and New York; the company maintains $24 billion in assets across more than 145 branches and provides deposit products including demand deposits, interest-bearing checking accounts, savings accounts, money market accounts, certificates of time deposit, and retirement accounts. Beacon Bank delivers a comprehensive suite of lending services encompassing commercial real estate loans, commercial and industrial loans, residential mortgages, consumer loans, asset-based lending, equipment financing through its Eastern Funding subsidiary, and Small Business Administration (SBA) lending via its 44 Business Capital division; it also offers cash management, online and mobile banking, private wealth management through Clarendon Private with over $3 billion in assets under management, investment products, brokerage services, trust administration, financial planning, and commercial payment processing. The bank operates through established divisions including Berkshire Bank, Brookline Bank, BankRI, and PCSB Bank, targeting personal, commercial, non-profit, and municipal customers with tailored solutions such as revolving lines of credit, letters of credit, overdraft programs, and debit card services. Founded in 1846 and headquartered at 131 Clarendon Street in Boston, Massachusetts, Beacon Financial Corporation completed a merger of equals with Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. on September 1, 2025, creating the combined entity and resulting in a name change from its prior incarnation; this strategic combination enhances scale, generates expected synergies in cost efficiencies and revenue growth, and prompted significant insider buying totaling $6.8 million by the CFO and directors in early November 2025 amid post-merger integration, with Q3 2025 results showing net interest income of $132.61 million exceeding expectations by 46% and a net interest margin of 3.7%.
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