Company Description
Beacon Financial Corporation operates as the bank holding company for Berkshire Bank that provides commercial and retail banking consumer lending, private banking and wealth management services in the United States.
The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts.
It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans, as well as residential mortgages and commercial loan participations; and revolving loans, lines of credit, letters of credit, time notes and SBA guaranteed loans.
In addition, the company provides wealth management services comprising consultative investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services.
Further, it offers commercial cash management; online banking and mobile banking; overdraft program; and debit cards and other electronic fee producing payment services to transaction account customers, as well as operates commercial payment processing business.
It serves its products to personal, commercial, non-profit, and municipal deposit customers. The company was formerly known as Berkshire Hills Bancorp, Inc. and changed its name to Beacon Financial Corporation in September 2025.
Beacon Financial Corporation was founded in 1846 and is headquartered in Boston, Massachusetts.
| Country | United States |
| Founded | 1846 |
| Industry | Other |
| Employees | 1,238 |
| CEO | Paul Perrault |
Contact Details
Address: 60 State Street Boston, Massachusetts 02109 United States | |
| Phone | 617 641 9206 |
| Website | berkshirebank.com |
Stock Details
| Ticker Symbol | BBT |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CUSIP Number | 09247N103 |
| ISIN Number | US0549371070 |
| Employer ID | 56-0939887 |
Key Executives
| Name | Position |
|---|---|
| Paul Perrault | Chief Executive Officer |
| Carl Carlson | Chief Financial Officer |
| Sean Gray | Chief Operating Officer |
| Kevin Conn | Head of Investor Relations |