Boston-based banks Berkshire Hills and Brookline in talks to combine, WSJ reports (updated)

Brookline Bancorp

14/12/2024 16:48

(Adds more details, background in paragraphs 2-3)
       Dec 14 (Reuters) - Boston-based regional banks Berkshire
Hills Bancorp  BHLB.N  and Brookline Bancorp  BRKL.O  are in
merger talks, the Wall Street Journal reported on Saturday,
citing people familiar with the matter. 
    The deal would merge the two banks, which each has about $12
billion in assets, and could be announced as soon as next week,
according to WSJ. 
        Brookline has a market cap of $1.12 billion, and
Berkshire Hills has a market cap of $1.3 billion, according to
LSEG data as of Friday. 
  
        Berkshire Hills and Brookline did not immediately
respond to a request for comment on the merger. 
  

 (Reporting by Chandni Shah in Bengaluru; editing by  Diane
Craft)
 ((Chandni.shah@thomsonreuters.com;))