Estate planning at Beacon Bank

Brookline Bank was rebranded to Beacon Bank in February 2026. Brookline Bancorp merged with Berkshire Hills Bancorp in a merger of equals effective September 1, 2025, forming Beacon Financial Corporation (NYSE: BBT). Systems integration was completed in Q1 2026, and all four legacy brands (Brookline Bank, Berkshire Bank, BankRI, and PCSB Bank) were consolidated under the Beacon Bank name. The combined entity has approximately $23.2 billion in assets and over 145 branches across Massachusetts, Connecticut, Vermont, New York, and Rhode Island. The brooklinebank.com domain now redirects to beaconbank.com.

Beacon Bank offers a HELOC with a 40-year term: 20-year draw period with interest-only monthly payments followed by a 20-year principal and interest repayment period. $25,000 minimum line of credit. Available for 1-4 family owner-occupied properties with a maximum 80% LTV. Maximum line amount of $650,000 for New York properties and $2,499,999 for all other states. $50 annual fee waived the first year and for Premium Checking account holders. Initial 2.00% rate discount for the first 6 months. APR floor of 3.00% and cap of 18.00%. Contact (800) 698-2265 or visit beaconbank.com for current rates.

Beacon Bank deposit accounts (checking, savings, money market, CDs) can be retitled to a revocable living trust. Visit any Beacon Bank branch with your trust agreement or Certificate of Trust, government-issued photo ID for all trustees, and the trust tax identification number (EIN) if applicable. IRA accounts cannot be retitled to a trust, but a trust can be named as the IRA beneficiary.

Beacon One Checking is a digital-first checking account that can only be opened online at beaconbank.com. No minimum balance required. Earns 0.10% interest with paperless statements. Features include nationwide non-Beacon Bank ATM surcharge reimbursement, Zelle, Bill Pay, and mobile check deposit. Stream On perk provides up to $15/month toward select streaming subscriptions with $2,000/month payroll direct deposit. Cell phone insurance protection is included for consumer debit card holders.

Beacon One CDs are available in 6-month and 24-month terms with a $1,000 minimum balance. The maximum account balance is $1,000,000. The 24-month CD requires ownership on a Beacon Bank checking account. No additional deposits can be made before maturity. A substantial early withdrawal penalty applies. Visit https://www.beaconbank.com/personal/beacon-one/certificates-of-deposit for current APY rates.

Clarendon Private LLC is the private wealth management arm of Beacon Financial Corporation (parent company of Beacon Bank). It is a wholly owned non-bank subsidiary and registered investment adviser with more than $3 billion in assets under management. Clarendon Private provides wealth planning, investment management, and trust services. Visit https://clarendonprivate.com/ for more information.

Beacon Bank operates more than 145 branches across Massachusetts, Connecticut, Vermont, New York, and Rhode Island. The bank was formed from the consolidation of four legacy brands: Brookline Bank (MA), Berkshire Bank (MA, CT, VT, NY), BankRI (RI), and PCSB Bank (NY). Visit https://www.beaconbank.com/locations for a branch or ATM locator.