Boston banks Berkshire, Brookline to merge in $1.1 billion deal [Yahoo! Finance]
Berkshire Hills Bancorp, Inc. (BHLB)
Last berkshire hills bancorp, inc. earnings: 1/27 04:15 pm
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Source: Yahoo! Finance
Two storied Boston banks whose roots date to the 1800s plan to combine forces and create a top 10 financial institution by market share in New England's largest metropolitan area. The $11. 6 billion-asset Berkshire Hills Bancorp and the $11.7 billion-asset Brookline Bancorp said Monday they struck a $1.1 billion, all-stock deal in which Brookline would merge into Berkshire. It would create a regional bank with nearly $24 billion of assets, and it would rank as the No. 8 bank by deposit market share in the Greater Boston area, according to Federal Deposit Insurance Corp. data. "This highly compelling combination is a true merger of equals that will create a preeminent Northeast financial institution. Scale and efficiency combined with our shared culture of true community banking is a powerful driver of value for all of our stakeholders," Berkshire Chairman David Brunelle said in a press release. In connection with the deal, expected to close by late 2025, Berkshire plans to issu
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BHLB
News
- Berkshire Hills Bancorp (NYSE:BHLB) shareholders have earned a 17% return over the last year [Yahoo! Finance]Yahoo! Finance
- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) had its price target raised by analysts at Keefe, Bruyette & Woods from $32.00 to $34.50. They now have a "market perform" rating on the stock.MarketBeat
- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) was upgraded by analysts at Piper Sandler from a "hold" rating to a "strong-buy" rating.MarketBeat
- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) was upgraded by analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating.MarketBeat
- KBRA Comments on Merger Agreement Between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc.Business Wire
BHLB
Earnings
- 10/24/24 - Beat
BHLB
Sec Filings
- 12/23/24 - Form 8-K
- 12/19/24 - Form D
- 12/16/24 - Form 8-K
- BHLB's page on the SEC website