Berkshire Hills Bancorp to merge with Brookline Bancorp for $1.1bn.

Berkshire Hills Bancorp, the bank holding company for Berkshire Bank, agreed to merge with Brookline Bancorp, the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, for $1.1bn. “Today marks a transformational milestone in the history of two storied institutions with a strong commitment to serving their clients and communities. The combined organization will be in an even stronger position to deliver exceptional client experience and create greater value for shareholders,” Nitin J. Mhatre, Berkshire President and CEO.