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 21, 2025
To our clients and friends:
Brendan Clegg, Partner at Luse Gorman, recently authored an article for American Banker’s BankThink titled “Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions.”
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