Boston-based regional banks Berkshire Hills Bancorp (NYSE: BHLB) and Brookline Bancorp (NASDAQ: BRKL) are in merger talks, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
The deal would merge the two banks, which each has about $12 billion in assets, and could be announced as soon as next week, according to WSJ.
Brookline has a market cap of $1.12 billion, and Berkshire Hills has a market cap of $1.3 billion, according to LSEG data as of Friday.
Berkshire Hills and Brookline did not immediately respond to a request for comment on the merger.
Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate. Read Full Bio
