Merger
PCSB Bank is now a division of Beacon Bank & Trust
Information Hub
We are pleased to share that on September 1, 2025, Berkshire Hills Bancorp, the parent company of Berkshire Bank, and Brookline Bancorp, the parent company of Brookline Bank, BankRI and PCSB Bank, completed our merger of equals creating our new company, Beacon Financial Corporation and its subsidiary, Beacon Bank & Trust. As a result, until our planned integration of banking systems occurs in early February 2026, PCSB Bank will operate as a division of Beacon Bank & Trust, more commonly referred to as Beacon Bank.
This Information Hub will be continually updated to help keep you informed about our merger. For the latest information on this transformational partnership, please read our press release and review our merger FAQs below.
Merger FAQs
General
Why did Berkshire Hills Bancorp and Brookline Bancorp merge?
To create a stronger financial institution with enhanced products, digital tools, more locations and resources. The merger brings together two leading companies to create a powerful Northeast financial institution with $24 billion in assets all while maintaining the personalized service you value.
When will the merger be finalized?
The merger was finalized on September 1, 2025. An integration of banking systems will follow in February 2026.
Will the name of the bank change? What is the new name of the bank?
The combined bank will operate under a new name and brand, Beacon Bank. The legal name of the institution is Beacon Bank & Trust. While our name is changing, the team you know and trust is staying the same.
Why was the name Beacon Bank selected?
The name Beacon Bank was carefully chosen to reflect the shared vision of the combined organization. A beacon represents guidance, strength, and a promise of stability - core principles that the legacy institutions have upheld for generations.
When does the name change take effect?
The Beacon Bank name became effective on September 1, 2025. You will continue to be served after that date under the PCSB Bank brand operating as a division of Beacon Bank & Trust. Over time, you will begin to see updates such as the new name on statements, in online banking and at branches as the bank prepares for a full transition to the Beacon Bank brand, along with integration of banking systems in the first quarter of 2026.
What are the benefits for you?
Over time, you will gain access to enhanced products and capabilities including an expanded suite of financial services, a larger network of branches, increased lending capacity, more industry-leading experts and best-in-class technology - all desired to better support your financial goals. The company will also maintain the local decision making you've come to expect, all delivered by familiar names and faces you trust.
What are the benefits for communities?
The bank will maintain its strong ties with its communities and will be better positioned to elevate its impact using the totality of resources that the larger organization will be able to provide. Berkshire Hills Bancorp and Brookline Bancorp have longstanding reputations for strong corporate citizenship and that work will continue as a combined organization.
How will I be kept informed?
Updates will be provided through mail, email, digital channels, your relationship manager and our website. Please ensure your contact information is current so that you don't miss any important notices. Visit your local branch office or contact us at 888-808-4700 to confirm your information is correct.
Where can I find more information or ask questions?
Visit your local branch, contact your relationship manager, or call the Customer Service Center at 888-808-4700.
Accounts & Services
Will I still be able to access my accounts as usual?
Yes, there will be no immediate changes to account access.
Will my account numbers or routing numbers change?
Should any updates to your account or routing numbers be required, you will receive clear and timely instructions to guide you through the process.
Will my direct deposit continue following the merger?
Yes. You should experience no disruption at this time, and any future impacts will be communicated to you in advance.
Will I still receive my account statements?
Yes. You will continue to receive your account statements just as you do today.
Will my current products (e.g., deposit accounts, loans, credit cards, CDs) change?
There will be no immediate changes. If there are any future product enhancements or changes, we will communicate with you in advance.
Will there be new products or services available?
Yes. Over time, you will gain access to an expanded suite of financial products and services.
Will my account type or product name change?
You'll continue with your current accounts and services for now. Enhanced offerings will be introduced over time. We'll share any new account offerings, product name or feature changes well in advance so you'll be informed and can make decisions on what is best for you.
Will my deposits still be insured?
Yes, your deposits remain protected by the Federal Deposit Insurance Corporation (FDIC). The FDIC insures accounts up to $250,000 per depositor, per bank, per account category. In some cases, higher coverage may apply. As of September 1, 2025, if you have accounts at PCSB Bank and Brookline Bank, BankRI, or Berkshire Bank, a six-month grace period is in effect during which your account balances at each bank will be insured separately. After the six-month grace period expires, March 1, 2026, your accounts will be insured up to $250,000 per depositor per account category.
Special FDIC rules for CDs
- CDs that mature within six months after September 1, 2025, and are renewed for the SAME amount and the same term will remain separately insured until the first maturity date after the six-month grace period.
- CDs that mature within six months after September 1, 2025, and are renewed for a DIFFERENT amount or term will be insured separately only for the six-month grace period following the September 1, 2025 merger date.
- CDs that mature after the six-month grace period will be separately insured until maturity.
Will fees or interest rates change?
There are no immediate changes to your existing fees, rates, or terms, which are subject to your current account agreements. You will be notified in advance if updates are planned.
Can I continue to use my current PCSB Bank checks and/or debit/ATM card?
You can continue to use your current materials without interruption.
Will my local branch or ATM stay open?
Nearly all branches and ATMs will remain open. Berkshire Hills Bancorp and Brookline Bancorp have largely complementary geographic footprints with limited branch overlap. As a result, we are expecting only four branch consolidations in early 2026 due to the proximity of our branches to one another. If your branch is impacted, we will communicate with you well in advance of any changes and offer nearby alternatives.
Can I still go to my local branch?
Yes, you can continue to visit your local branch. While you'll begin to see updates like our new name and logo, the team you know and trust will remain the same.
Can I visit any Brookline Bank, BankRI, or Berkshire Bank location now with an account inquiry or to make a deposit?
Not yet. While legally one organization, each bank's branches will continue to operate independently until systems merge in early 2026.
Can I use any PCSB Bank, Brookline Bank, BankRI, or Berkshire Bank ATM?
Starting on September 1, 2025, you can enjoy fee-free ATM withdrawals at any PCSB Bank, Brookline Bank, BankRI, or Berkshire Bank ATM location.
Online & Mobile Banking
Will I still be able to use online and mobile banking?
Yes, you can continue using your online and mobile banking platforms as you do today. You will be notified in advance of any enhancements or changes.
Will my online or mobile banking credentials change?
You will continue to use the same online and mobile banking login credentials you do today. You will be notified in advance of any changes.
Loans & Payments
Will my loan number(s) change?
No. Your loan account number(s) will remain the same.
Do I need to change or update payments?
No immediate changes are required. Automatic payments and direct deposits will remain unchanged until you are notified of any updates.
Fraud Prevention
When banks announce major changes, fraudsters may attempt to exploit the situation. We will never call, email, or text you requesting personal information, login credentials, or computer access. If you receive such a request, do not respond - report it immediately to your nearest PCSB Bank location, your relationship manager, or call our Customer Service Center at 888-808-4700.