Welcome to our dedicated page for Beacon Financial news (Ticker: BBT), a resource for investors and traders seeking the latest updates and insights on Beacon Financial stock.
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Beacon Financial Corporation (NYSE: BBT) has completed its merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, effective September 1, 2025. The merger creates a $24 billion regional banking franchise headquartered in Boston, operating as Beacon Bank & Trust with over 145 branch offices across New England and New York.
The combined entity features extensive wealth management capabilities, managing over $3 billion in assets through its subsidiary Clarendon Private. Clients will maintain access to existing services while gaining fee-free ATM access across all bank divisions. Full integration of banking systems is expected in Q1 2026.
Truist Financial Corporation (NYSE: TFC) has announced a quarterly cash dividend of $0.45 per common share, payable on March 1, 2021, for shareholders on record by February 12, 2021. Additionally, regular cash dividends for various series of preferred stock have also been declared, with payment dates aligning on March 1, 2021, and March 15, 2021 for some. Truist, headquartered in Charlotte, NC, is the sixth-largest commercial bank in the U.S., boasting total assets of $509 billion as of December 31, 2020.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all outstanding shares of its 5.200% Series F and Series G Non-Cumulative Perpetual Preferred Stock, including 18 million and 20 million depositary shares respectively. The redemptions will take place on March 1, 2021, at a redemption price of $25 per depositary share, equivalent to $25,000 per preferred share. Accrued dividends will not be included in the redemption price. Payment will be made through Computershare Trust Company, N.A., the appointed redemption agent.
Truist has announced its partnership as an Official Retail Bank of the NFL, enhancing its brand visibility and community outreach. As part of this collaboration, Truist will leverage marketing rights and activations at NFL events, including a new ad campaign featuring the theme of unlocking potential. The initiative aims to strengthen financial education and community support alongside Visa. Truist, a leading financial services company with $499 billion in assets, is set to begin promotional activities during the NFL season, starting with Super Wild Card Weekend.
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