Beacon Financial is a New England-focused commercial bank holding company formed in September 2025 through a merger of equals between Berkshire Hills Bancorp and Brookline Bancorp. The combined company operates through Beacon Bank & Trust, with 147 banking offices across New England and New York and roughly $23B in total assets. The core business is traditional commercial banking — taking in deposits and lending them out, primarily to commercial real estate investors, businesses, and consumers across its regional footprint. The commercial loan portfolio represents about 77% of the combined $18B loan book, with CRE as the largest segment. Beyond core lending, Beacon operates several ancillary businesses: Eastern Funding, a specialty equipment finance unit serving small businesses like laundries and fitness centers; 44 Business Capital, an SBA 7(a) lending division that originates government-guaranteed loans for sale; a payroll deposit processing business serving regional payroll bureaus; and Clarendon Private, a wealth management and trust advisory unit. Net interest income is the dominant earnings driver, with fee income from wealth management, SBA gain-on-sale, and payment processing as secondary contributors. Near-term management focus is on integrating the two predecessor banks, realizing roughly $69M in annualized cost synergies, running off non-core legacy portfolios, and reducing CRE concentration toward a 300% target by end of 2026.