September 3, 2025
On September 1, 2025, Berkshire Hills Bancorp, Inc. (“Berkshire”), the holding company for Berkshire Bank, and Brookline Bancorp, Inc. (“Brookline”), the holding company for Brookline Bank, Bank Rhode Island and PCSB Bank, completed their previously announced merger of equals. Berkshire, now known as Beacon Financial Corporation, and Brookline Bank, now known as Beacon Bank & Trust, are the surviving entities. This all-stock transaction was valued, at announcement, at approximately $1.1 billion.
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September 2, 2025
On August 28, 2025, Land of Lincoln Credit Union (“LLCU”), Decatur, Illinois, entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Williamsville State Bank and Trust (“Williamsville”), Williamsville, Illinois.
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August 25, 2025
On August 19, 2025, Centreville Bank, West Warwick, Rhode Island, completed its reorganization from a mutual savings bank to the mutual holding company form of organization.
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August 22, 2025
On August 11, 2025, BankFinancial Corporation, Burr Ridge, Illinois, announced the signing of a merger agreement with First Financial Bancorp., Cincinnati, Ohio, pursuant to which BankFinancial will merge with and into First Financial in a stock transaction valued at approximately $142 million.
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August 4, 2025
On July 31, 2025, Assabet Valley Bancorp, the mutual holding company of Avidia Bank, completed its mutual-to-stock conversion and Avidia Bancorp, Inc., the new stock holding company of Avidia Bank, completed its initial public offering by selling 19,176,250 shares of its common stock at $10.00 per share. As part of the transaction, Avidia Bancorp also funded a newly established charitable foundation with a $10.0 million contribution of cash and stock. Avidia Bancorp’s common stock is listed on the New York Stock Exchange under the symbol “AVBC.”
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