Berkshire Bank Becoming Beacon Bank

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BOSTON — Berkshire Bank's changing its name once its merger with Brookline Bancorp Inc. of Boston is finalized this year.  
 
The combined financial institutions will be known as Beacon Bank & Trust under parent company Beacon Financial Corp. The merger removes the "Berkshire" name from the bank after 179 years.
 
It was founded in 1846 as Berkshire County Savings Bank and changed it to Berkshire Bank in 1997 after acquiring Great Barrington Savings Bank. A host of mergers and acquisitions followed and Berkshire's corporate offices left for Boston in 2017. 
 
Berkshire Hills Bancorp made the announcement on Wednesday. The Berkshires-founded banking company expects to complete the "merger  of equals" is the third quarter of 2025, subject to regulatory approvals and normal closing conditions.
 
Brookline Bancorp is the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank. Paul A. Perrault, chairman and CEO of Brookline, will become CEO of the combined company.
 
"Our merger of equals will create a powerful financial institution with deep local roots, a broad, complementary footprint and a strong commitment to its employees, clients, stockholders and communities," Perrault said in the statement. "The Beacon Bank name reflects our desire to be a reliable guide in financial decision-making, helping clients reach their goals with clarity, confidence, and trust."
 
The merger agreement was signed last December to create a financial holding company with $24 billion in assets, $18 billion in total deposits, $19 billion in total loans and more than 140 branches across five states.
 
Berkshire Bank and Brookline have "complementary geographic footprints with limited branch overlap." Officials say customers will have access to more financial products and services and increased lending capacity but it will maintain local decision making.
 
According to a press statement from Berkshire Bank, the name "Beacon" was chosen to "reflect the shared vision of the combined organization." The name, logo and colors of blue and goals were approved by the boards of each corporation. 
 
"A beacon represents guidance, strength, and a promise of stability — core principles that the legacy institutions have upheld for generations," according to bank officials. 
 
The logo combines the two B-starting names with a stylized B.
 
Berkshire Bank's logo had added a gold "X" with a dot (for "exciting") in 2015 and switched its colors from green and gold to navy after it moved to Boston upon acquiring Commerce Bancshares Corp. The Brookline and Rhode Island banks used blue and gray and PCSB Bank blue and green, with stylized tree. 
 
Berkshire Hills Chair David M. Brunelle will continue to serve as board chair for the combined company.
 
"Our new name honors the legacy of Berkshire and Brookline while looking toward a bright and ambitious future," he said in a statement. "While the name is changing, we remain dedicated to offering trusted financial solutions and local expertise. We look forward to our new company delivering the enhanced capabilities that come from the combined institution’s scale and operational strength."

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Toys for Tots Bringing Presents to Thousands of Kids This Year

By Breanna SteeleiBerkshires Staff

Volunteers organize toys by age and gender in the House of Corrections storage facility. 

PITTSFIELD, Mass. — Plenty of toys are on their way to children this holiday season thanks to Toys for Tots.

Christopher Keegan has coordinated the local toy drive for the Berkshire Chapter of the Marine Corps Reserve since 2015 and said he has seen the need rise every year, last year helping more than 6,000 kids.

"This is 11 years I've been doing it, and the need has gone up every year. It's gone up every year, and I anticipate it going up even more this year," Keegan said.

On Thursday, the Berkshire County House of Corrections storage facility was overflowing with toys making it the county's very own Santa's workshop. 

Keegan said Berkshire County always shows up with toys or donations. 

"This county is outstanding when it comes to charity. They rally around stuff. They're very giving, they're very generous, and they've been tremendous in this effort, the toys for pride effort, since I've been doing it, our goal is to honor every request, and we've always reached that goal," he said.

Keegan's team is about 20 to 25 volunteers who sort out toys based on age and gender. This week, the crew started collecting from the 230 or so boxes set out around the county on Oct. 1.

"The two age groups that are probably more difficult — there's a newborn to 2s, boys and girls, and 11 to 14, boys and girls. Those are the two challenging ages where we need to focus our attention on a little bit more," he said.

Toys For Tots has about 30 participating schools and agencies that sign up families and individuals who need help putting gifts under the tree. Keegan takes requests right up until the last minute on Christmas.

"We can go out shopping for Christmas. I had sent my daughter out Christmas Eve morning. Hey, we need X amount of toys and stuff, but the requests are still rolling in from individuals, and I don't say no, we'll make it work however we can," he said.

Community members help to raise money or bring in unopened and unused toys. Capeless Elementary student Thomas St. John recently raised $1,000 selling hot chocolate and used the money to buy toys for the drive.

"It's amazing how much it's grown and how broad it is, how many people who were involved," Keegan said.

On Saturday, Live 95.9 personalities Bryan Slater and Marjo Catalano of "Slater and Marjo in the Morning" will host a Toys for Tots challenge at The Hot Dog Ranch and Proprietor's Lodge. Keegan said they have been very supportive of the drive and that they were able to collect more than 3,000 toys for the drive last year.

Volunteer Debbie Melle has been volunteering with Toys for Tots in the county for about five years and said people really showed up to give this year.

"I absolutely love it. It's what we always say. It's organized chaos, but it's rewarding. And what I actually this year, I'm so surprised, because the amount that the community has given us, and you can see that when you see these pictures, that you've taken, this is probably the most toys we've ever gotten," she said. "So I don't know if people just feel like this is a time to give and they're just going above and beyond, but I'm blown away. This year we can barely walk down the aisles for how much, how many toys are here. It's wonderful."

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