Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 bln merger deal
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Merger Announcement: Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at approximately $1.1 billion, reflecting ongoing consolidation in the banking industry amid challenges faced by regional lenders.
Strategic Benefits: The merger aims to combine Berkshire's stable funding base with Brookline's strong lending presence, creating a $24 billion bank with operations across five states, expected to close in the second half of next year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
