The merger “will create a powerful financial institution with deep local roots, a broad, complementary footprint and a strong commitment to its employees, clients, stockholders and communities,” Paul Perrault, Brookline’s chairman and CEO who is set to become Beacon’s CEO, said in the release.
The new name “reflects our desire to be a reliable guide in financial decision-making, helping clients reach their goals with clarity, confidence, and trust,” Perrault added.