On December 16, 2024, Berkshire Hills Bancorp, Inc. announced that it has entered into subscription agreements with investors to raise $100 million of capital to support its proposed merger of equals with Brookline Bancorp, Inc.

Berkshire Hills Bancorp, Inc. is the parent company of Berkshire Bank, a bank located in New England and New York. With $11.6 billion in assets and 83 branches, Berkshire is headquartered in Boston and provides banking solutions through its Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management divisions.

Luse Gorman is serving as legal counsel to Berkshire in the equity offering. The Luse Gorman team consists of Marc Levy, Lawrence M.F. Spaccasi, Anahita Mohtasham and Keeler Fina.

Luse Gorman was the No. 1 legal advisor in the nation for 2023 and 2024 year to date, based on number of transactions, for common stock and subordinated debt offerings by financial institutions, as reported by S&P Global Market Intelligence. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.